Better than most day trading shops - Trader Quad Capital Employee Review

2.0
26 July 2016
Recommend
CEO approval
Business outlook

Pros

Coffee machine, fruit bowl, and never have to pay for breakfast because there's always cereal. If this is your only shot, then take it because pay out is decent relative to others.

Cons

You pay for Bloomberg, tech team is really funny, trading system was down a lot. Bit of a problem when you're a day trading shop based on quick reaction. No analysts so it was a room full of self proclaimed generalists and the secondary guy is biggest joke of them all. Turnover was constant and it's a rotation from other day trading shops that leave in 6 months or less. Word on the street is that one of their elite traders is living in the office because he can't make money.

Explore other reviews about Quad Capital

5.0
22 June 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flat organization. Entrepreneurial / High energy environment. Smart people and plenty of resources

Cons

None. Great place to find opportunity

1.0
30 July 2013
Recommend
CEO approval
Business outlook

Pros

-Nice office. -That's about it. I think multi-strat hedge fund means, "mess of a trading firm". -Good chef? -Notice how none of these pros are related to the fund or work or management

Cons

-forced to churn positions sometimes at high fees that go to management. -management are clearly just out to line their own pockets... they aren't star traders or insightful market guys. Just guys looking to make themselves a dollar -no guidance or coherent strategy. No training. -not much info sharing among the few who make good money. Lots of position gambling. -the analysts there give good ideas, but then we can't really hold them for more than a day? It makes no sense. The analysts are probably there to give the illusion of a high quality firm. -terrible platform. Not meant for any kind of trading. Crashes often. -filled with ex traders from other firms -I sincerely think it's one of those old-school churn shops that allow you to run your strategy but charge you insanely high fees to do so. -racially and politically insensitive comments in the office. -Management lies about backing the company entirely with their own funds. They probably have investors i.e. the incentives at the firm are perverse and the management are not star traders. -The firm is essentially First New York but with higher fees and only the fired traders.

2
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