T3 Trading Group

  www.t3trading.com
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T3 Trading Group Reviews

Updated Jun 24, 2014

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All Employees Current Employees Only

3.2 38 reviews

33% Approve of the CEO

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Sean Hendelman

(12 ratings)

58% of employees recommend this company to a friend
38 Employee Reviews
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    • Culture & Values
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    • Senior Management
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    Good to start your journey with trading

    Equity Trader (Current Employee) New York, NY

    Prosthey provide you with a very good training. they help you to chose right trades. there are meetings after each stock closing so you can learn why something happen and what you should do next time. Very good atmosphere in the office, everyone is very friendly.

    Consyou will not have a regular salary but only commission of what you make by yourself. some people don't make anything for first six months but others are very successful so it just depends if it's your thing or not.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

     

    Business Opportunity to trade your own capital

    Equity Trader (Current Employee) New York, NY

    Pros- Good traders in the office
    - Relaxed office culture

    Cons- if you lose your money then you are out the door unless you can put up more funds
    - share size is capped so you are slinging 100-200 shares at a time
    - hard to tell if anyone is actually making money or just there because they can't find a real job after college

    Advice to Senior ManagementStop charging fees. Provide a small salary. Let traders know the realities of joining instead of pumping up the image of this firm

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

     

    You're pretty much either following the group or on your own.

    Trader (Current Employee)

    ProsThe atmosphere is relaxed, which is nice compared to most other institutions in Manhattan.

    ConsManagement does not believe in new hires. They make them pay all the fees associated with trading, and they don't tell you until after you get the job. They are the cheapest group of people ever, refusing to sponsor high-quality international traders. So to recap: not only do you a) not get a salary, but you have to b) contribute capital (about $5000), and c) you have to pay trading and software fees. And they also target college grads. So unless you're graduating from college with 20k to play around, DO NOT work here. You're better off looking at prop shops where they invest in their traders (i.e. Chicago), or even doing a free internship.

    Advice to Senior ManagementIf you're not gonna pay a salary, at least don't make your employees pay fees. Invest in your traders.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • Culture & Values
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    1 person found this helpful  

    A good place for an established trader

    Equity Trader (Former Employee) New York, NY

    ProsLightspeed platform, decent fees, a chance to work around some of the most successful seasoned traders in the business. The location is on State St. so you really get the Wall St. feel as the bull is only a few steps away. Their VTF (virtual trading floor) is one of the better in the industry, I have took free trials with other companies offering similar services and can say T3's is one of the best.

    ConsYou can get lost easily in the shuffle as this place it's very clickish, there are really profitable good traders working here, however if you do not already know these guys before you join, they will never talk to you or give you any insight on trading, it is one of the more professional shops, however there is a high turnover just like most shops, the office is made up of guys coming in and running through money in 3 months time and guys who have been making money since the late 90's. There is no real structure for new traders its just basically sink or swim.

    Advice to Senior ManagementDemand that profitable established traders interact with other traders on the desk, develop a true structure for new traders.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Approves of CEO

     

    Trading group in south ferry

    Financial Analyst (Current Employee) New York, NY

    ProsFlexibility work atmosphere
    People open to talk
    Easy to entry

    ConsNeed contribution 5000 to trading account
    2500 to trading
    Most of the starter could not do good trading

    Advice to Senior ManagementNot a very good place to start if you don't have good trading skill

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    1 person found this helpful  

    Good firm

    Anonymous Employee (Current Employee)

    ProsGood firm, good people, good trading strategies

    ConsHigh fees in monthly charges and entitlements

    • Culture & Values
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    • Approves of CEO

     

    Real world trading

    Equity Trader (Current Employee) New York, NY

    Pros-Friendly open atmosphere
    -Great communication among traders about trading opportunity
    -Probably has a better success rate than the industry average because of strong education system.
    -Meritocracy - ability to grow based on your own skills and performance. Profitable traders can advance very quickly in the company. Do not be surprised to see relatively young guys in leadership roles.
    -no clients
    -little office politics
    -Great place to start a career in trading as more senior traders and desk managers care about the well being of new recruits
    -Great mentorship programs
    -More experienced traders can work with other like minded experienced traders
    -Real trading - successful traders are paid based on the execution of profitable trading strategies. No phones; no taking orders from clients. You place your future income on the line each day as you execute trades.
    -No income cap. An elite few traders make a ton of money.
    -You get what you put into the business. Success is impossible without full devotion to trading.

    Cons-No salary
    -Requires traders to put down some of their own money at the beginning.
    -Bottom line business- if you cannot make money; don't expect a long trading career.
    -Some trading desks within the firm are better than others. Make sure to find yourself on a desk where the managers will still be there working along side you until late in the evening and will review your personal trades on a day to day basis.
    -Huge learning curve in trading to become profitable.
    -Do not expect to make real money in the beginning of your career.
    -Tough business to get involved in - many traders will not be successful.

    Advice to Senior Management-Be more open to eating certain trader costs.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    One of the best trading firms on the street - Very happy with my experience

    Equity Trader (Former Employee) Miami, FL

    ProsGreat experience working in this office. Less than 10 traders so a lot of attention from the head trader when you are being trained along with comprehensive trade plans and review before/after market hours. Also, T3 provides access to the Virtual Trading Floor (VTF) which broadcasts live trader radio from other senior traders on the T3 floor in New York which encourages exposure to advanced skills and market insight. Overall a great experience and I left to pursue interests in more valuation based work which was a personal preference.

    Cons- Compensation is tight until you become profitable (~ 6-8 months)

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • No Opinion of CEO

    1 person found this helpful  

    T3

    Equity Trader (Current Employee) New York, NY

    ProsYou are your own boss

    ConsLarge salary contribution, no fixed salary

    Advice to Senior ManagementCome on guys, give us a REAL salary

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Good for an established proprietary trader.

    Equity Trader (Current Employee) New York, NY

    ProsThis is a very professional office. There are people trading that are very successful. They use Lightspeed for their executions and the charting. Their are many pro's who trade in many different styles- from momentum to swing trading.

    ConsVery little IT support. System is very slow. They need to adjust the system to their own personal needs.The system needs to be more proprietary. The pro's in the office need to be more help to the newer- struggling taders

    Advice to Senior ManagementThe whole structure of this operation needs to be changed. They need to try to find a way to mentor new and struggling traders. Every week there are 50-100 new traders and in 2 weeks almost all of them are gone. Too much turnover and very little supprt.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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