First New York Securities

Discussion in 'Prop Firms' started by rkingery, Oct 18, 2006.

  1. rkingery


    Hi, has anyone heard of them? What's their reputation like? I like the sound of their training and salary to start. Anyone trading there or has traded their? Here is the website...

    Or if anyone has a good prop shop in NYC that offer's good training and good payouts please let me know.

  2. They have an excellent reputation. A multi year training program.


  3. You'll never get more than 50% payout but then you will also be trading at a much higher level, higher risk. Position trading, real arbitrage, overnights, high leverage.

    That being said, it's extremely competitive to get in and you are required to sit through at least 12 months of their training (salaried).

    It's probably the only true equity prop left out there, besides some groups in Schonfeld.