Recent Graduate looking for Prop Trading Opportunities in NYC area

These firms below cater to recent college grads. Best of luck.

http://www.firstny.com/our_training_program.html


http://chimerasecurities.com/index.php?page=new-traders

 

Thanks. I'll look into Chimera. I was interested in FNYS, but the word on Wall Street Oasis is that they are going under. I don't know if anybody here could verify that.

 

Someone from Wall Street Oasis either has an axe to grind or is making a vague and ambiguous statement.

They are a FINRA broker-dealer, and as such must file annual focus reports with the SEC.

Go to SEC.gov and click the "more search options" on the homepage. Then, on the next page, type the firm's name on the left hand side. You can get access to their 2011 filings. Download the .pdf and have it reviewed by a CPA of your choice.

Unless they had a recent "fire sale", it's unlikely a firm with over $4 billion in assets and $90 million in member's equity is "going under" anytime soon, lol!

 

Here is a link:
http://www.wallstreetoasis.com/forums/first-new-york-securities-kaput

I don't know how credible this is though.

 

I guess I am biased because when I was hired back in 1992, trading firms/CTA's didn't have those requirements. Sure it looks great if you had a high GPA and went to an Ivy League school. But things weren't so strict as far as where you graduated.

I know some great traders who went to good schools and have seen my share of guys from top tier schools fail horrendously at trading. The degree and GPA get you in the door of the interview. But after that there are far more important factors that determine whether you will be successful.

 

That site has even less credibility than Elite Turd!

 

Read Market Wizards books 1 through 3. Market Wizards 4 comes out in a few weeks. Read that too.

 

Man....this is like asking guys to apply to The New York Yankees or The Newark Mud Hens.

 

I was going to comment on what he said but you beat me to it. A lot of the crap posted on trading sites is usually guys who got canned from a place or has some axe to grind.

Yes...from what I know First NY has made some changes and some guys there aren't happy. But they still are a huge firm and one of the top ones out there.

 

Since you're looking to get hired, I'd find out if the following post is accurate (from the link you provided). Once call to the firm and you'll probably find out more info. If they're not hiring, then it won't matter to you what they've got on their balance sheets. If the comment below is false, then you can proceed accordingly.

"They've also killed their 2 year new hire training program."