SIG

CoffeeCup

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Does anyone out there have any experience working with/for Susquehanna International Group in Philly?

Thanks all
 
Is this regarding their options division? I worked on the CBOE for a company that competed against them�

They are one of the top tier players in options market making. Reputable firm; selective on who they hire; big fans of poker skills�

What exactly do you want to know?
 
Just curious about their reputation. Thanks for the input.
 
Their reputation is first-rate and they employ great people. They also have harsh non-compete agreements that they sometimes enforce with zeal. If you are planning on working for them do not take that lightly.
 
I agree with Joey but don�t know anything about their non-competes, but my former firm was very strict with their non-competes, too. I signed one myself and don't recall receiving any consideration for it - not that it mattered in the end...

FYI � my top three players (in no particular order) that employee options traders are SIG, Wolverine Trading and CTC

If you�re a quant jockey and prefer to be off the floor programming the black box models than the top two players are Timberhill and Citadel.

Anyone have any insight on how Citadel is doing with their option business? They were just getting started as I was leaving the business.
 
From what I heard....SIG only hires their interns..and their 70% interview questions are on probability
 
any thoughts on their equity research department?
 
met someone who worked there and said they hated it. not sure why. but went to a great job on the buy-side so there are great exit opps.
 
I can give a litle insight on this.

I just graduated from Drexel University (Philly), which has a co-op program that SIG constantly employs out of. Even for the co-op program, the interview questions are mostly centered around probability. This is a good microcosm of the type of people the firm hopes to employ. They don't necessarily care if you majored in engineering or liberal arts...if you're smart, you're smart (obviously you need to have showed some type of interest in finance). For the co-op program, most of students are given operations roles, but for those that excel they basically become traders when they graduate. I have a friend, for instance, who's extremely smart and was promoted right away to an assistant trader role and after he graduates will become a full-time trader...pretty good for a 22 year old.

Like people said in this thread, the firm itself is great. They have an annual poker tournament where the winner gets offered an assistant trader job at the firm. In fact, they're obsessed with poker. The president came to my school to lecture about what a trader does and it was basically one big poker lesson. It's not surprising that some people disliked working there, though. You really need to have a quant mindset in my humble opinion. As an example, a lot of people thought I would be a great fit there. I graduated in the top 3% of my college class and played poker over the past few years to pay my way through college, and everyone I know told me SIG, SIG, SIG, SIG. But the culture there just wasn't for me.

So yeah, great company, but make sure it's what you want to be doing. I myself will be applying for the equity research division, though, in a few years from now. I'm pretty sure they don't hire right out of college for this, however.

GL
 
I think I told you SIG SIG SIG as well... so where did you end up applying to?
 
I promised the forum an update on my search, so I'll post a report within the next hour when I get some time.
 
I'd rate SIG highly. Four of my friends work there and all have done well. I'd second what above posters mentioned about harsh non-competes though. Two of these guys are working for below market right now due to the nature of their contracts.
 
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