What are the best trading platform companies to get into?
I have this crazy interest about trading or finance in general, but I have lost a lot doing trading too lol đ Please suggest me a list of such trading platform companies. I think - Bloomberg, TDAmeritrade, HRT.
Robinhood
I tried Robinhood already but my application gets rejected because I am a Java developer but Robinhood requires Python - which I don't understand because I can adapt to any language.
Itâs a very unethical company which will go down once the markets decline . And FYI, no top tier company ever asks for a specific language skills . Itâs an add-on
Bloomberg AIMS/EMSX. I'm not biased at all.đ That said, it's far less interesting than you think. The only interesting parts for your grunt software engineer are the market makers and HFT firms that work on super low latency stuff, even then they are moving to strictly hardware based setups. The real brains of the operation are the quant researchers and portfolio managers.
If you are really interested in finance and trading Bloomberg sounds like a perfect fit for you. You have access to the Bloomberg terminal which gives you professional grade financial information. We also have lots of financial training. You get to work on the software that is the standard in the financial industry. Sorry, but no other company compares.
Can we earn extra money using info from bloomberg terminal if I work at BBG? Is that legal?
I work at BBG and my peers and I use google finance to look up stocks. The terminal is a buggy old mess that crashes more often than it works.
It's so bad
You can use the information on the terminal, though the firm has a policy of short term trading (holding less than 20 business days). You canât use the terminal to place orders or executions.
30 days and yes you can place orders for the terminal though the functionality is limited to huge Enterprise clients. It's not something you can hook up to eTrade or Robinhood
If you are interested in trading youâll probably learn the most doing front office ALGO development for a bank or hedge fund. You learn a lot about regulation if you work for a software vendor. (FlexTrade,Fidessa, Itiviti)
WPSlayer, the Trading Solutions group is class leasing against those companies.
âClass leadingâ? I mean BB certainly blows them out of the water in terms of revenue and prestige. I was under the impression that Fidessa was the leader in sell side high touch desks for equities/futures, and Flex had the best algo kit. BB was competitive because it was cheaper in those spaces and made sense for small straight agency trading desks. As far as fixed income, really BB is the only game in town.
why not work at Two Sigma or Jane Street if you like it so much? you might still be back office, but at least on the buyside (in the former case)
I will check them out. Thank you!