What's a rough estimate on the number of prop shops out there? If anyone knows of a site that carries these kinds of stats, it would be much appreciated. Thanks
This is a list of the bigger name firms.... http://www.tradersnarrative.com/list-of-proprietary-trading-firms-735.html It is probably outdated and some firms are missing and others out-of-business. I would estimate that this is about 20% of firms, excluding Europe (although some of them on the list are mainly European). Also, prop can mean different things. We're obviously not including the prop desks at investment banks, but what about the market-makers in options? There's tons of them in Chicago and they are somewhat "prop" models though they are not on this list.