Electronic Trading Initiative

Bloomberg / Eng
WPslayer

Bloomberg Eng

PRE
Fidessa
WPslayermore
Aug 27 14 Comments

There has been press coverage of Goldman beefing up there tech stack as they’ve fallen behind Morgan Stanley in high speed equity execution. A recruiter wont stop bothering me about “Greenfield development” opportunities at Goldman. “It’s more of technology shop than a banking unit”. I’ve said a few times: “not interested at this time”. But they arent taking no for an answer.

So what’s really happening here? are they building something good? or is this another slang/secdb project? How “tech oriented” are they really? i’ve heard Goldman say a few times that they are want to be a tech shop, but I’m dubious.

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TOP 14 Comments
  • Qualcomm NqAf57
    They can start by paying proper tech salaries. 🤣
    Aug 27 0
  • Goldman Sachs nggo
    They are two major teams on electronic trading dept. One is the core team working on infrastructure and is a very tech oriented team with good culture and the other is the platform where what you do is mostly support and culturally is dominated by finance crap. Make sure you are being considered for the core team if you decide to explore the opportunity.
    Aug 30 0
  • Goldman Sachs / Data mksd
    They are beefing up their tech stack. The CEO wants to pivot the company to tech first.
    New openings are mostly for coders who know how to trade rather than traders who know how to code.

    Still very early at this stage, they are just starting to pivot, will definitely take a few years before something starts to change.
    Aug 27 0
  • Jane Street Capital JBoC63
    Ask what their compensation looks like and if you’ll be in New York or New Jersey, that should tell you if they’re taking it seriously
    Aug 27 5
    • Bloomberg / Eng
      WPslayer

      Bloomberg Eng

      PRE
      Fidessa
      WPslayermore
      OP
      Job Req is NYC, and if I pursue this I would ask every step of the way: “How many times per year do expect me to step into the hellhole that is Jersey City?”

      In terms of comp it’s enough for my planned next step +. State in total comp though. Not sure what bade would be. Certainly not taking a base pay cut.
      Aug 27
    • Jane Street Capital JBoC63
      If they’re hiring for electronic trading though, they should be compared to electronic trading salaries not tech salaries
      Aug 27
    • Facebook rdswc
      What are electronic trading salaries like compared to tech salaries in GS?
      Aug 27
    • Goldman Sachs fake engineer
      The Jersey City office is actually pretty nice, and you take the luxury GS ferry there for free from 200W. I've only been there for HR related events a handful of times.

      If you can get them to spit out a number I think everyone would be dying to know. I heard infra at a place like Jump or Tower is mid 6 figures easily. I heard GSET uses C++, definitely not Slang infra. We aren't THAT incompetent lol.
      Aug 30
    • Goldman Sachs gACr23
      I am close to GSET, there is a new initiative to build bunch of exciting projects using c++/Java. Definitely not slang/secdb. You can confirm that with the HR. Pay and work is better than what people actually talk about banks but still not up to outside tech comps
      Aug 31
  • Goldman Sachs jaygarrick
    I work closely with trading core platform team. It's a team of very experienced developers, some from prop shops doing some cutting edge work. The interview is definitely going to be challenging!
    Aug 28 2
    • Goldman Sachs fake engineer
      Did they boost the comp for that team? I don't think anyone from one of the good prop trading shop core infra teams would be willing to take typical GS secdiv engineer/desk strat comp, especially with our RSU nonsense.

      I heard "double Google pay" from a guy at one of the top HFTs. That would be over 600k for a mid level.
      Aug 30
    • Goldman Sachs jaygarrick
      Yes, the comp is quite competitive for that role
      Sep 15
  • Facebook rdswc
    Hmm so GS is paying you more in total comp than Bloomberg? Is it a significant bump? What GS team?
    Aug 27 1
    • Bloomberg / Eng
      WPslayer

      Bloomberg Eng

      PRE
      Fidessa
      WPslayermore
      OP
      The team would be electronic equity trading-core platform. It would be a +60k TC bump.
      Aug 27

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