[torero]

So these traders are clueless? I thought you had to have a decent track record before trading their money.

[fatdog1]

Originally Posted by torero »

So these traders are clueless? I thought you had to have a decent track record before trading their money.

Depends on the firm. If the firm is into training new people, they are sharing in the commissions, the desk fees, a portion of the profits, software fees, ect.
They will hire anything with a pulse until they blow out the deposit and leave, or deposit more and stay. You want a job at Goldman so you can share in the billion dollar bonus if you have a track record, lol.