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Originally Posted by CDCMO_MONEY
I have wanted to get into trading for quite sometime now. All I have ever done is like that fantasy trading for a business class like 2 years ago. I really have no clue, but my friend just started a job at Merrill Lynch.
I am more than willing to try and learn. As if I need something else to be degen about.
Check out Susquehanna International Group. They are a proprietary trading firm headquartered about 15 minutes from my house in Bala Cynwyd, PA. It's effectively a self-funded hedge fund that engages in high frequency trading of all kinds. They trade equities, commodities, bonds, and currency. It was started by 4 poker players who made a ton of money after college in Vegas ring games and wanted to put their money to work in the market. Bill Chen works for them doing theoretical stock market models and simulations. Their junior trading program consists of 1/2 observing traders and supporting the trading desk, and 1/2 classroom sessions that include large amounts of online poker. Their college recruiting interviews are poker tournaments designed to get to know candidates and see how well they perform quantitatively.
I have a friend that works there and he told me their first round interview is basically a sheet of conditional probability questions (10 in total I think) and if you miss one you don't make the cut.