T3 Trading Group

  www.t3trading.com
  www.t3trading.com
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T3 Trading Group Reviews

Updated September 19, 2014
Updated September 19, 2014
47 Reviews
2.9
47 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Sean Hendelman
17 Ratings

Employee Reviews

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  1.  

    Great education and mentors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Proprietary Equity Trader
    Current Employee - Proprietary Equity Trader

    I have been working at T3 Trading Group full-time for more than a year

    Pros

    years of experience on the trading desk and the team leaders are always available trading right beside you. The live market action on T3 live is invaluable to see real positions and commentary to keep up with a fluid dynamic market

    Cons

    it is a challenge to trade remotely on west coast time zone when you have two small children and the market opens at 630 am

    Advice to ManagementAdvice

    keep up the good work expanding the T3 platform and adding businesses such as hedge fund

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    It's worth working for some of T3 Trading Group's desks but not for all of them.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Equity Trader  in  New York, NY
    Former Employee - Equity Trader in New York, NY

    I worked at T3 Trading Group full-time for less than a year

    Pros

    T3 trading is composed of many different trading desks; basically, not everyone who's worked there has worked for the same people. I worked there while on my OPT for a trading desk that mostly hired rather intelligent international students from tier 1 Universities (having studied math, finance, economics etc.) while on their OPT. Even though I did not get a salary, I did not pay anything for training (some trading desks there will charge you for training, and I really would never work for someone who charges me for training) and my experience was mostly positive!
    1. The best part of this job is that you will learn a lot about the mechanics of the equity markets and economy as a whole just for being there during trading hours and seeing what and how it affects the market. It is a knowledge that you cannot get by yourself, at a university or from a textbook.
    2. You will meet many bright young people who will eventually reach high places in the U.S and other parts of the World. I'd say that it can be a good place to network.
    3. If your boss is good, then you will learn a lot from him and also from the experienced traders there.
    4. Your career as a trader, regardless of its length and degreee of success, will be hard: The hours are long, it is really stressing, red days are going to be really bad, strategies that worked clockwork for 3 months will not necessarily work tomorrow (markets are dynamic) so you will have to study and reinvent your strategies every day! And, you know this is why even though if your trading career does not go well, it is an experience that will be more than great to have on your curriculum.

    Cons

    Even though I previously said that my experience at my desk was mostly positive, T3 Trading does have a few yet substantial shortcomings:
    1. Its trading style in general is really old-school. One could even say obsolete, so it's REALLY hard to compete against automated trading systems.
    2. Your boss or bosses can be rude sometimes! (but they're also ALWAYS there for you when you need their help.)
    3. You have to pay a few fees to T3 every month.
    4. From my experience there, the people who are considered smart in the more traditional way (ie. math people) will NOT perform well trading a la old-school.
    4. Perhaps for some people, the absolute value of the negative feeling experienced when you lose 1$ is considerably greater than the abs val of the positive one of making1$, and T3 can make it a little bit harder than it should be for new traders to make money due to the above mentioned reasons.

    Recommends
    Negative Outlook
    No opinion of CEO
  3.  

    Experience at T3

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at T3 Trading Group as a contractor for less than a year

    Pros

    Provide very good training, support.

    Cons

    Very little IT support, constant stuck orders

    Neutral Outlook
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  5.  

    Intern

    Former Employee - Anonymous Employee  in  Miami, FL
    Former Employee - Anonymous Employee in Miami, FL

    I worked at T3 Trading Group as an intern for less than a year

    Pros

    I worked in the Miami office, which is quite small because it is new. There is a very open and collaborative working environment and the head trader works hard to train new traders and make them into better traders, and it is easy to tell that this is out of a genuine desire.

    Cons

    High turnover rate, trading is not very technology-focused.

    No opinion of CEO
  6.  

    If you got any better job, don't come to T3 Trading Group, please.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Junior Equity Trader  in  New York, NY
    Current Employee - Junior Equity Trader in New York, NY

    I have been working at T3 Trading Group full-time for less than a year

    Pros

    I don't know why there is a "20 word minimum" limit. what happens if a company got no pros? I really didn't see any pros of T3 Trading Group.

    Cons

    No salary, a lot of freaks, and the training fee is damn expensive, but the things you can learn are very limited. Damn it, my team leaders just charge you training fee, and they don't care if you make money or not

    Advice to ManagementAdvice

    I even don't want to give any advice, because I think my team and team leaders are horrible

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Stay away from this chop shop

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

    I have been working at T3 Trading Group full-time for less than a year

    Pros

    -Opportunity to get a taste of trading. I mean retail trading like my grandpa.

    Cons

    1. Never expect you can learn any "real" trading strategy. Yes, you would get a sense of how trading floor looks like but no one from this firm knows what "trading" means. Their strategies are mostly for day traders which are considered as a joke on Wall st. Just ask any of your friend from a BB you would know how bad reputation a day trader is.
    2. Even though they are silly, they never admitted. They never disclose their investment return nor the risk they have taken; so during the interview process you can ask them how much you generated last year and if they replied you with a number, you know they are silly enough. In the professional investment world we are only talking about risk-adjusted return, a number looks like a kinder garden baby. So punch line is, ask them basic finance questions, you will be surprised how naive they are.
    3. In the beginning I thought joining T3 should be better than nth under this sluggish job environment; however this can become a huge minus if you are looking for next job. The reputation of this firm is extremely terrible on the street...DON'T JOIN!

    Advice to ManagementAdvice

    please shut down the firm. This is against American spirit and taking advantage of fresh graduates is a big shame. If you want to make money, act like a real man!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    They don't really care if the traders succeed or not.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at T3 Trading Group full-time

    Pros

    T3 has some great educational products and you can learn a lot from using their VTF (virtual trading floor) where you can follow along with the best traders in the firm in real-time.

    Cons

    Unfortunately at the end of the day T3 feels like a fancy chop-shop. They aim to get as much money from new traders at the outset in educational fees because they know that most traders don't last and won't provide them revenue. They'll find every way to nickle and dime you and when you get upset they will promise to make everything right (until the next time the cycle repeats). Bottom line, they are not invested in the long term-success of their traders unless you are an experienced, consistent trader, trading lots of shares.

    Advice to ManagementAdvice

    Focus on making money WITH your traders not in spite of them.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    Equity trader

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Equity Trader  in  New York, NY
    Former Employee - Equity Trader in New York, NY

    I worked at T3 Trading Group full-time for more than a year

    Pros

    I am sorry but I really cannot think of any pros...

    Cons

    first of all, you are not paid here. No training. They have some so-called "strategies", but none of them were back-tested. They don't use any model. senior trader's major income is training fee. And their "training" was just reviewing your trades and telling you that you should have done this and that. Traders here were just commission generators to the firm.

    Doesn't Recommend
  10.  

    If you want to become a day trader in a bad environment with old technology, T3 is for you.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Equity Trader  in  New York, NY
    Former Employee - Equity Trader in New York, NY

    I worked at T3 Trading Group full-time for less than a year

    Pros

    Get exposure trading. Good opportunity to actually trade real money and get 'front office' experience you wouldn't get at a bank.

    Cons

    Old technology. Management is very unprofessional. Office is dirty and employees are not professional. Extremely high turnover. Training program is a joke and you are charged $2,500 for it. Basically it boils down to them teaching you relative strength, and telling you that you're in it against the machines.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Good to start your journey with trading

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Equity Trader  in  New York, NY
    Current Employee - Equity Trader in New York, NY

    I have been working at T3 Trading Group full-time for less than a year

    Pros

    they 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.

    Cons

    you 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.

    Recommends

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