First New York Securities LLC

www.fnysllc.com
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1-100 make it, and that has nothing to do with FNY

  • Comp & Benefits
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Assistant Trader in New York, NY
Current Employee - Assistant Trader in New York, NY

I have been working at First New York Securities LLC

Doesn't Recommend
Approves of CEO
Doesn't Recommend
Approves of CEO

Pros

-solid company name
- A few partners there make money
- when you end up not making money, you might find a job with the firm name attached

Cons

zerop effortin developing new traders.

Advice to Management

get real technology. the tools are behind etrade. Try to develop your traders, stop listing to the oldest guys in the room that just care about their partner checks.

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  1. A complete madhouse for anyone who is not trading on a desk, not worth the pain.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at First New York Securities LLC

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    If you are a trader and want freedom to make your own decisions with minimal risk management or oversight, you are in.

    Cons

    The professionalism is non-existent. I would describe this place as worse then any I have ever experienced with more politics and lack of management then most.

    Advice to Management

    Respect. Give it and understand it if you want quality work from those supporting your core businesses.

  2. Good place for prop trading

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY

    I worked at First New York Securities LLC

    No opinion of CEO
    No opinion of CEO

    Pros

    - Good payout %
    - Some good co-workers
    - Convenient location in midtown
    - Flexible work schedule

    Cons

    - Very random process for who you sit next to (which can make or break your career)
    - Management out of touch with what's actually going on
    - Good traders do not necessarily make good managers

    Advice to Management

    Realize that just because somebody makes a lot of $ as a trader, that does not make them a competent manager.

There are newer employer reviews for First New York Securities LLC
There are newer employer reviews for First New York Securities LLC

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