Trading Shops Dublin

gman100

Guys,

I'm interested in a career in trading and I'm looking for a list of all trading companies/prop shops in DUBLIN etc...trading anything from bonds to equities to commodities, so I can send in my CV etc....

I've been trading my own account successfully for the past year, and I'm aware of the potential difficulties in finding a position in the current market but worth a try.

If you know any can you please add to the list below, it would be much appreciated.

Geneva trading
Pioneer Investments
BoI Global markets
Susquehanna
AIB Capital markets
Custom House Capital

Idu

Positive Equity

http://www.positive.ie/

Website isn't finished yet but should do if you want to send a CV or ask for info

silverside

there's also "State Street"

I'm looking for quant / modelling work in this type of company too, so keep 'em coming

gman100

Idu wrote: »

Positive Equity

http://www.positive.ie/

Website isn't finished yet but should do if you want to send a CV or ask for info

Cheers buddy.

ixus

A new company in Dublin : Virtu Financial

They were recently recruiting for their opening, looking for Trade Associates.

Spec:

Our New York-based proprietary trading firm client is in the process of opening an office in Dublin and is looking to hire a Trade Execution Associate. The Associate will manage the intraday and end-of-day trade execution and operations. This position will be integral in the launch of the European operations for the firm and duties may include:

* Developing a basic understanding of the firm's algorithmic, black-box trading strategies
* Determining the status of open orders and checking trade executions with the exchanges and multilateral trading facilities (MTFs)
* Researching exchanges and market maker programs; monitoring messages rates
* Starting, stopping, and adjusting trading algorithms
* Balancing un-hedged positions
* Compiling reports on profit and loss and other statistics for the trading strategies
* Completing financial reconciliations between the firm and third parties such as clearing entities and exchanges

Job Requirements:

* Candidates should have demonstrated an excellent work ethic and character in their previous employment
* Prior financial experience in operations and risk management is a prerequisite
* Candidate must be skilled in Microsoft Excel
* Candidate should have good communication skills and quantitative ability
* European Citizenship is a plus

The Trade Execution Associate will be involved in the launch of the office. Prior to the staffing of the Dublin office, the Associate will receive the required training in the U.S.

silverside

Idu - are you connected with positive.ie ?

The email address on their website ( info at positive dot ie ) is bouncing.

Idu

I've told them it's not working so that should be fixed sometime today. I'll pm you an alternate email address

damnyanks

Anyone looking into trading or investment (a-la state street) should really start looking at the systematic funds , desks.

Managed funds have been getting shut down big time over the last year where as systematic funds have been giving back good returns.

gman100

damnyanks wrote: »

Anyone looking into trading or investment (a-la state street) should really start looking at the systematic funds , desks.

Managed funds have been getting shut down big time over the last year where as systematic funds have been giving back good returns.

can you give an example of a place which trades "systematic funds"? also, how do they differ from managed funds?

Idu

Just thought I'd bring this to peoples attention in case they haven't seen it.

http://www.boards.ie/vbulletin/showthread.php?t=2055586212

I have no connection with SIG but could be a good start someone looking to get into the business

ixus

Idu wrote: »

Positive Equity

http://www.positive.ie/

Website isn't finished yet but should do if you want to send a CV or ask for info

White-collar athlete running to stay alive in the trading game Jason Berry, Positive Equity Interview

UNDER THE RADAR: IT MAY be something to do with the current economic climate, but the first thing Jason Berry is at pains to do is to knock the popular image of traders as young gods – living an adrenalin-fuelled life of fast cars, late nights and fat pay cheques.

“It may be fun in the short term, but that kind of lifestyle is exactly the opposite of the hard work and discipline a trader needs to be successful in the long term,” says Berry (33), head of trading and a principal with Positive Equity in Dublin.

“A lot of people get caught up in the lifestyle but if you come into work tomorrow morning hungover, the market will chew you up and spit you out, nothing is surer.

“Or if you’re tired and you’re not as fully on your game as the people you’re competing against, the market will send you home in a body bag . . . so to speak.

“Even if you’ve had a great day on the markets, you have to be disciplined enough not to go out that night to celebrate – otherwise you can easily end up giving it all away again the next day.

“One of the things about this business is that when you’re not trading, or not trading successfully, you’re not earning your living – you eat what you kill.”

The days of excess may be firmly behind them – but there’s evidently still a residual fondness for the type of macho imagery which made Gordon Gekko a household name when Wall Street hit our screens more than 20 years ago.

“I suppose you could say we’re effectively white-collar athletes,” maintains Berry, who runs Positive Equity with his partners, Jim Aveling and John White – all three of whom previously worked in Dublin with UK-based Saxon Financials.

On the other hand, given the rate at which those who enter the business fall by the wayside – perhaps he’s not wholly wrong.

“Around 80 per cent of traders who trade on their own fail in their first year,” he figures. “Of the remaining 20 per cent, about another 80 per cent are blown away in the second year. So that in year three, you have from 5 to 10 per cent of the original group left.

“Another myth is the management style associated with trading. There’s certainly no ‘my way or the highway’ approach here. We very much manage by consensus in more than 90 per cent of our decisions, so trading isn’t the stereotype that people think it is – it’s a very difficult profession.”

Berry, an American educated in France, Russia and the US, who worked briefly in his early years with the US State Department in Washington DC, began his career as a trading floor clerk with Target Trading in London in 1998.

He moved to Dublin a decade ago as a senior trader with Geneva Trading, trading index futures, bond futures and exchange-traded funds, becoming head of trading and a junior partner – before moving to Saxon Financials as head trader and a senior partner.

In December 2008, with Saxon opting more towards the hedge fund sector, Berry and his partners assumed the liabilities of the Dublin business and set up Positive Equity, which now has 35 employees and trades the futures markets – particularly bond futures, equity futures and energy futures.

“We don’t pretend to be able to predict the markets,” he smiles, “so you won’t find us on TV or in the newspapers saying the market is going to do X, Y or Z.

“We’ll tell you what’s happened and we’ll tell you what we think might happen – but there’s absolutely no certainty in this game. I always like to keep in mind the old saying about the markets: they go up the stairs – but down the elevator shaft.”

ON THE RECORD

Name: Jason Berry

Company: Positive Equity

www.positive.ie

Job: principal and head of trading

Age: 33

Background: A certificate in Russian studies from the International University of Moscow in 1996 was followed by a BA in political science and Russian studies in 1997 and an MBA in finance and global affairs in 1998, both from Clarke University in Massachusetts.

Began trading in 1998 with Target Trading in London. Moved to Geneva Trading in Dublin in 1999. Subsequently head trader and senior partner with Saxon Financials, before taking over the business with John White and Jim Aveling and renaming it Positive Equity.

Challenges: “Our number one challenge is change: being able to adapt to changes in the markets, and being able to identify opportunities within those changes. That defines our ability to survive.”

Inspired by : Warren Buffett. “His investment philosophy has always been to try to find under-appreciated market opportunities, which is something I can relate to.

“We’ve always tried to identify trading strategies that are too small for banks to identify, or that they don’t care about, but which can give us consistent low-risk opportunities.”

Most important thing learned so far: “Two things: hard work and discipline – particularly having the self-discipline not to get carried away by what other people are saying, but to make your own decisions.”

tariqbutt

This thread on wilmott suggests there is a prop trading firm in Blackrock in Dublin

http://www.wilmott.com/messageview.cfm?catid=16&threadid=15678&FTVAR_MSGDBTABLE=

Any ideas what it might be called?

Comordha

Eagle Star
Setanta AM

?

ixus

The Sunday Business post has advertisements for two trading positions:

Geneva Trading: Experienced Futures traders.

Dolmen Securities: Experienced Bond Traders

Maybe not the right thread but it'll do.

UpAgainToday

ixus wrote: »

The Sunday Business post has advertisements for two trading positions:

Geneva Trading: Experienced Futures traders.

Dolmen Securities: Experienced Bond Traders

Maybe not the right thread but it'll do.

The OP is clearly not fit for either of these positions - when people talk about experienced bond traders they are talking about dudes with 7+ years experience on a cut throat bond desk not a day trader from his house

ixus

Maybe you should read the last sentence I wrote......

QuantGoal

Hi

I would like to make a move into quant area (from prop trading and software development for the past 12 years).

Does anyone know if there are companies out there who would consider hiring someone of my background, while I would do the necessary Quant Financials study/qualifications in my own time (and at my own costs)?

Is what I am trying to do even plausible? I apologise in advance for the barage of questions, any insight/feedback given is much appreciated.

Thanks

QuantGoal

ixus

QuantGoal,

What type of quant trading are you talking about? It's pretty broad. Do you mean algo trading? Are you looking to be based in Dublin or where? Giving a bit more specifics would help get a better respponse.

Ixus

QuantGoal wrote: »

Hi

I would like to make a move into quant area (from prop trading and software development for the past 12 years).

Does anyone know if there are companies out there who would consider hiring someone of my background, while I would do the necessary Quant Financials study/qualifications in my own time (and at my own costs)?

QuantGoal

Hi Ixus

Your right I wasn't very clear. I am in Dublin.

At this point (as I don't have the experience) I'd be happy getting a move into either Algo, or higher end math/quant trading.

I have been trading short time frame, click trading to date.

Any insight again, really appreciated

QuantGoal

mono627

QuantGoal wrote: »

Hi Ixus

Your right I wasn't very clear. I am in Dublin.

At this point (as I don't have the experience) I'd be happy getting a move into either Algo, or higher end math/quant trading.

I have been trading short time frame, click trading to date.

Any insight again, really appreciated

QuantGoal

AFAIK SIG have a quant team. Most companies will only hire PhDs for quant work.

freeze4real

what about work experience or work placements ?

ixus

freeze4real wrote: »

what about work experience or work placements ?

If you're talking about QuantGoal, he has 12 years trading experience...

freeze4real

Sorry I meant are there any firms that do trading experience.

mono627

freeze4real wrote: »

Sorry I meant are there any firms that do trading experience.

There are. Contact whoever you're interested in trading with to see if they've any availabilities. This thread should give you an idea of who trades in Dublin.