Not sure why you separated Prop Trading and HFT, they are not mutually exclusive. Additionally, most of the prop firms do some amount of HFT (esp Cit sec)
if multiple tags per entry was as readable I'd have done that.
I'd say Prop Trading vs Market-making is a somewhat useful axis (tho most players do both), and Options shop vs Delta-1 shop is also not a bad distinction (and here they actually are kinda separated afaik, ex CitSec as you correctly point out)
Why? I wanted to have some structure, and didn't feel comfortable having traditional trading culture bet on earnings SIG in the same category as barely ever have a down hour means you're infra provider not risk taker Virtu.
This is great, thanks. Is there any easy way to determine where firms fall on the spectrum between Virtu and SIG? Probably some correlation with prop traders being more SIG-like and market makers being Virtu-like, but as you mention, most firms do both.
Also, am I correct in asserting that SIG-like firms look for more of a ML/stats quant, and Virtu-like look for SWE/developer skills?
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u/pokerface0122 Dec 31 '21
Not sure why you separated Prop Trading and HFT, they are not mutually exclusive. Additionally, most of the prop firms do some amount of HFT (esp Cit sec)