Want to be a top trader? Then forget hedge funds

Discussion in 'Professional Trading' started by marketsurfer, Sep 24, 2015.

  1. This article is misleading.

    1. I worked for Zar many years ago. He is a very well-known senior guy who has been around the business for a long time, so at this point he can choose to work pretty much anywhere he wants. The sellside sucks these days, and he isn't really an alpha generator, so his best bet was to go to an electronic market making firm. However, he doesnt write code. He is getting a job there because of who he is, for the most part. Neither me nor most anyone else has these sort of choices open to them.

    2. These firms dont hire "traders" in the way people here think about trading. They really are hiring coders and technologists to put together algorithms.

    3. The article goes on to say that most of the hiring is at the top, so even if you are a coder it doesn't mean you can walk in to a job.

    So, this article is really saying if you are Zar Amrolia you can get a spot at one of these places. Swell.
     
    kcgoogler, ras72 and Occam like this.

  2. Interesting. Thanks for the inside color.

    Surf
     
    lawrence-lugar likes this.