<t>The way that I heard it used was something like this:- Trader #1: I made $10 million last year.- Trader #2: Oh yeah? How big was your book?I thought it might have something to do with total cash available to trade (ie., the cash put up in a margin account). Based on conversations I have heard, it...

<t>Could someone tell me what is meant by the term "book size"? So a trader has a "book of size $10 million" or it is said that they are "trading a $10 million book". What exactly does that mean? That isn't the same as position size, right? How is that number (book size) calculated?Also, what is con...

<t>QuoteOriginally posted by: PaperCutMy two cents: do yourself a favor and try and get a job at a hedge fund. Preferably a small one where you can get paid doing something smart. Companies like this are not a good place to make money. You are playing roulette. You will be plopped down in front of a...

<t>QuoteOriginally posted by: FloorTraderIf you start at any of those firms you will never get into a decent bank later on. Hedge fund maybe, but probably not.If you believe this to be the case then complete the following:It would be difficult to move from a proprietary firm or market maker to a ban...

QuoteOriginally posted by: SWKCan you givem some examples of the firms you are referring to?SusquehannaWolverineRonin CapitalChicago Trading CompanyInfinium Capital ManagementPeak6OptiverGroup OneOr the like...

I'm shamelessly pushing this back to the top! Seriously, any thoughts from the group would be greatly appreciated!!!

<t>I would like to get some thoughts on working for a proprietary trading firm (or market maker). A few things first though. One, I am talking about places that pay a salary (not a draw), have benefits, etc. (i.e., not your 'typical' prop firm). Two, I would like to limit this discussion to propriea...

<t>Hello,Can someone comment on the job prospects for traders and quants in the Boston area? Specifically, are there any major hedge funds located in the Boston area? I could be wrong (I hope I am), but Boston doesn't seem to be a very popular location for either hedge funds or proprietary trading f...

<t>After searching the archives for discussions on stationarity, I found a post from "Student" regarding the implementation of the Dickey-Fuller test. He wrote the following:QuoteSat May 24, 03 01:30 PM If you have to stay with excel, I reckon it won't be too difficult either. At the end of the day,...

QuoteOriginally posted by: SPAAGG1. GAUSS2. EViews3. SASin the order SPAAGG,I would appreciate your comments on EViews. Does anyone else have experience with this software? Thanks!

<t>Hello.I am looking for opinions/recommendations on software to do time series analysis. So far S-Plus, R, and MATLAB have been mentioned to me. I am particularly interested in software that has a fair amount of built-in time series functions. I am also interested in software that has a decent amo...

<t>Thanks for all of the responses (and thanks for the code cryptic26). At this point (if I can get it to work), I think the Network DDE will do the trick. But here's something else...DCFC, you mentioned that sockets aren't seamless in Excel VBA. Am I correct in saying that there are no standard pro...

<t>QuoteOriginally posted by theGreek : you can use vba code to update spreadsheet B triggered by the "change selection" or "before close" event in spreadsheet A.Thanks, but how do I specify the destination spreadsheet (computer) using these events? The two spreadsheets will be residing on two diffe...

<t>If I have two Excel spreadsheets on two different computers, can I send/share data between them? I want an update on spreadsheet A (on computer A) to be 'immediately' reflected on spreadsheet B (on computer B). What, if any, VBA functions are available to assist with this? Can I (should I) use DD...

Optiver Mako Global Derivatives