Hold Brothers

Discussion in 'Trading Software' started by BK145, Jun 25, 2001.

  1. BK145


    I have recently graduated from school and I am interviewing with hold brothers.
    I was wondering if anybody had any tips on my search to get a job from them.
    any information would be very crucial.
  2. gh1


  3. What type of information are you looking for? I have already gone through the process and been offered a job.
  4. BK145


    Hi proptrader00,
    THe information you have is exactly what I'm looking for.
    I'd like to know what the interview process is like, What type of questions to expect.
    Also, Since you are working for them; what can I expect as a new employee, in terms of resposibility, if I were to be hired.
    Any other information would also be very valuable in my process to get a job at hold brothers.
    Also can you give me a beginning salary range, and maybe what I can expect to make in 2-3 years.
    Thanks for your help.
  5. I have been offered a position, but I have not accepted anything yet. I am weighing that offer against an offer I received at an IBank.

    AS for the interview process: 3-4 interviews starting out with HR and ending with CEO, if you make it to that point. Best of luck! Questions are highly diverse ranging from basic background info. to varying technical questions.

    Pay scale is very complicated. Salary plus hierarchical payout structure based on profits. As for expected payout....depends on the individual trader. If you leave your email address I'll give you the specs.
  6. BK145


    what's happening,
    THanks for the info, I would like to get a job that is like what Hold bros. is offering, I do have a few more questions I'd like to ask you. If you want E-mail me at Bker411@aol.com it would be much appreciated.
    Also if you could, can you give me a couple of company names that is in the field that I can interview with?

  7. BK145! There are literally 100's of companies that resemble Hold Brothers in the New York area, there are probably about a dozen more established companies that might be worth a look, they are: Bright Trading, Worldco, Lieber & Weisman, Generich, Schonfeld, Echo Trade, so that's only 6. Best of luck! Don't rush into it, chose a firm not only based on salary or pay outs. Ask lots of questions about risk. Even if you get 100% payout and the firm goes out of business, you will not get much out of it. How does the firm control risk for the traders, for the firm, etc.... Very important!!!!!!
  8. Bk145,

    I think the most important aspect in looking for a proprietary trading position is the length of contract, and who will train you. Some firms have you train with traders who have almost no idea what they are doing, have never been profitable, and could care less. I would first ask to meet the person who will be training you. If you do not receive proper training you have almost no chance of making it as a trader. It will take so long to learn through trial and error that you will dig yourself into a hole that you can never get out of. Also if your signing a contract, trading becomes a one shot deal. If the firm is plagued with system problems or you do not receive good training you are stuck there. I would take my time in deciding and ask to visit them a few times and view their trading floor during trading hours (9:30-11:00).

    Good Luck