First New York Securities

Sachs......


The former partner's name was Sachs


and yes,

you will see traders from both firms on these boards....

 

Goldman employee would risk his job were he to post here without authorization. Anyway, the associates there are too busy working 120 hr/wk to post here.

 

NYFS offers regular customer accounts, hence they are open for business....

FNYS is not all that special in their training program....

Baruch College of CUNY,
Carnegie Mellon,
Yale,
Columbia University
Warton,

and a select other few colleges have trader trainess courses that are part of their B School degrees. These avenues, whilest expensive, are superior to waiting around for a few select slots at FNYS.

Reality exists when you can't get in the door you knock on, you go elsewheres. If Bright Trading models itself on a casino, then cast your chips at their table, because you can wear your knuckles out waiting on a slot at FNYS.

don't waste your time, get busy......

 

I didn't want to get into a "discussion" with my friend (and obviously an admirer of our business model) Mr. Cobalt, so I didn't bother responding to his note. But, since you did, here is a short clip from the bio of a recent college grad, Darren Clifford.

---------------------
When a big time job at a prestigious Wall Street bank didn’t pan out, Darren Clifford, who had just received his master’s degree from Smon Fraser University, was forced to reevaluate his options.

His timing – it was the summer of 2002 – might have been inauspicious. Tired of waiting for financial services recruiting to pick up post 9/11, Clifford turned to Bright Trading. Training under the Las Vegas – based prop legends Don and Bob Bright, he would eventually cofound his own pairs-trading firm, PairCo, a Bright affiliate. Clifford, along with his partner, Rob Friesen, oversees 40-plus traders. Not being willing to wait for Wall Street to find him has certainly paid off.
-----------------------

(And I just love the part about being a "legend" LOL).

Anyway, to each his own...I honestly feel that being an entrepreneur is better than working for someone...but, hey, that's just my opinion.

And, you're right...get busy!!

Don

 

FNYS is uber-selective and they look specifically for recent Ivy league grads. If you don't fit that narrow criteria, you won't even be called for an inerview.

I've met many traders whose first application was to First New York, including myself, who never got a call back.

And don't bother calling them, either. That pisses them off even more. I learned that the hard way. But, that was 2 years ago.

 

I have news for you, there are back doors in FNYS!
They are not going to let some putz trade their capital, but if you know a partner, it is possible to get your foot in the door.

 

I figured - it's like everything else in the world

 

FYI: I worked on the floor of The NYSE and never experienced any racism.

 

If anyone wants to know what FNYS is like, just message me. I worked in their London office!