Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

RobinHood

Entry-level Job to Benefit Trading

Recommended Posts

I'm working at a cafe at the moment. I hate it.

 

I want to work in something close to the markets, but I'm not sure where to apply really. My options seem limited.

 

No prop shops here.

A few brokerages, applied to most already.

 

 

Any ideas? I have a diploma in financial markets and completed school, that's all.

Edited by RobinHood

Share this post


Link to post
Share on other sites

Another thing is,

 

I will always get filtered by HR or a recruiter because of my age and qualifications. However, anytime I get direct contact with someone involved in trading I will get an interview. I have been *close* to getting a junior role at a local private equity fund because of exactly that. Unfortunately, most companies and adverts on job sites seem to be through recruiter companies.

 

Just now I've been compiling lists of additional companies which I can email, but I think it may be better for me to go in myself, although I'd imagine it would be extremely difficult convincing HR or secretary to let someone in charge talk to me.

Share this post


Link to post
Share on other sites

How about moving to Sydney?

 

Just by looking at jobs on Seek - Sydney vs. Melbourne - You can see Sydney has alot more market based jobs.

 

For example:

 

Options Marketmakers - Liquid, Tibra, Optiver, Timberhill, Susquehanna

Proprietary Futures - Propex, Fusion, Transmarket - I also hear MF Global have a prop desk.

 

There are a bunch of trading desks at various banks, alot of large brokerage offices, a bunch of managed fund HQs.

 

 

On another note, what did you think of Propex?

Share this post


Link to post
Share on other sites
apply to a prop shop in Canada, no credentials required. Trade remote.

The ones I found look shady - no one I would trust an initial deposit with.

Would you know of any allowing Eurex and asian trading?

 

How about moving to Sydney?

 

Just by looking at jobs on Seek - Sydney vs. Melbourne - You can see Sydney has alot more market based jobs.

 

For example:

 

Options Marketmakers - Liquid, Tibra, Optiver, Timberhill, Susquehanna

Proprietary Futures - Propex, Fusion, Transmarket - I also hear MF Global have a prop desk.

 

There are a bunch of trading desks at various banks, alot of large brokerage offices, a bunch of managed fund HQs.

 

 

On another note, what did you think of Propex?

Indeed, Sydney is much better for the type of role I'm seeking. However, I can't afford the move without first finding a solid job (no entry-level positions, such as sales).

 

Most of the firms you mentioned have graduate intakes. I've actually applied to some and they are very strict in that regard. The only exceptions being Propex and Fusion (they don't take trainees).

 

Propex is a very solid place. They pay their trainees a very basic salary during training (just for personal expenses), and most of the people I have spoken to who were involved in the firm spoke very highly of it. (PM me for more details if you like). All you need to get in IMO is mental strength, intelligence and a trading record / sim / blow up etc AND to convince them that you are actually capable of moving to Sydney.

 

I think, although I'm not sure, the reason for such a shortage of prop firms here is the regulatory environment, and this could also be the reason behind their basic salary for trainees.

 

I've enrolled into Monash next year, and by then I'll aim to get out of Australia. IB or MM route. Otherwise, Sydney it will be.

Edited by RobinHood

Share this post


Link to post
Share on other sites

I have a friend who has been looking into prop shops in canada heavily (he lives there).

 

After talking with a lot of people and a lot of research it turns out that Bright Trading is really the only legit, and quality prop firm. They have a remote program as well.

 

Hes met with them face to face and been to their offices and is going to join them next month sometime. Hes been really impressed with the type and amount of trading they do. But their trading style isn't traditional in the sense of what typical daytraders are use to.

 

They do a lot of arbitraged positions between correlated equities, etc that are pretty complicated, that being said, they know what they are doing and make money.

 

There is one other firm up in Vancouver that is really good as well. The owner is a guy by the screen name of se7en on elitetrader. He even thinks that bright trading is a quality firm. You might want to send him a PM or something.

 

Only thing is with bright is that they require you take the series 7 prior to joining (you might already have it?).

 

Hope this helps! Cheers!

Share this post


Link to post
Share on other sites
apply to a prop shop in Canada, no credentials required. Trade remote.

 

Northern Boy, this seems interesting. Would you have a list of decent prop shops in Canada. I'd like to research them myself...

 

thank you

Share this post


Link to post
Share on other sites

As a back-door idea perhaps look for a settlements job, I would say in FX preferably. There should be vacancies in both Melbourne (ANZ, NAB) and Sydney (WBC, CBA, MBL, plus the smaller operations). To be honest, prick of a job, but you will have a foot in the door and then you need to pester the sh*t out of the chief dealer and the senior dealers on the desk (in the nicest possible way) to get an assistant's job on the dealing desk.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.