Thoughts on Chicago Trading Company (CTC)?

Amazon / Eng
gwRt03

Go to company page Amazon Eng

gwRt03
Oct 2, 2020 13 Comments

Where does CTC stack up among trading firms? My impression is it’s around the same tier as Akuna, is that wrong? How is the comp for new grads? I’m currently interviewing for (quant) trading positions for summer 2021 internships and wanted to get a feel for how CTC stacks up since there’s not much info on it.

#chicago #finance #trading #quant

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TOP 13 Comments
  • Chicago Trading Company / Eng
    chifin

    Chicago Trading Company Eng

    chifin
    Hard to compare CTC to anyone else, it's pretty unique. But they are larger than Akuna and growing
    Oct 7, 2020 5
  • New
    nPka75

    New

    nPka75
    I would put them in the 'upper tier' of large MMs with core business in options. Akuna more 'middle tier' IMO though latter has grown headcount quickly.

    CTC well-known for keeping low headcount relative to size of business b/c they are a 'culture-first' shop, and wanted to ensure over-growth wouldn't hurt/dilute culture.

    Akuna comparatively newer, and leaned on the fat years to drastically grow headcount (as well as ops) fast as possible and grab experienced employees from wherever ASAP. But revenue per employee looks quite different, etc.
    Dec 8, 2021 2
    • Amazon
      HARLDKUMAR

      Go to company page Amazon

      HARLDKUMAR
      Thanks for the response, do you know anything about compensation progression at CTC? If you know anything about compensation for quants and traders that would be amazing. Unfortunately the new grad compensation was relatively low compared to other firms (~215k first year).
      Dec 8, 2021
    • Chicago Trading Company
      klokov_v4

      Chicago Trading Company

      klokov_v4
      IMO, this comparison is absolutely spot on!
      Mar 6
  • Chicago Trading Company
    ClJe20

    Chicago Trading Company

    ClJe20
    ctc call their traders “quant trader” but it’s really more high tough based
    Dec 26, 2021 3
    • New
      nPka75

      New

      PRE
      Goldman Sachs
      nPka75
      Are you sure that’s true? Have a few quant trader friends there who seem pretty systematic and actually quanty? Maybe it just varies and is generic bucket?
      Feb 3
    • Chicago Trading Company
      nsEf37

      Chicago Trading Company

      nsEf37
      Team by team basis
      Feb 10