Meet an Assistant Trader

Meet an Assistant Trader

Alma Mater: MIT

Hometown: Acton, MA

Walk us through a typical day in your life.

I usually get to my desk at 8 a.m. and work on my morning tasks, which include running scripts, updating spreadsheets, and sending out emails. I grab breakfast and read the news emails from our Research team so I am aware of the important financial events that would impact the day’s trading. When the trading day starts at 9:30, I help execute trades in SIG’s fast-paced environment.

Trading usually slows down a bit after lunch, so I shadow traders and ask them about their thought process behind the trades they made. I also work on my long-term projects, such as investigating the effects of seasonality on earnings volatility or running a Monte Carlo simulation of different stock move scenarios in Python. After the trading day closes at 4:00, I listen in on the end-of-day meeting, where traders talk about interesting scenarios that occurred. I run some closing tasks, read recap emails, and then usually head home at 4:30 p.m. unless there is a mock trading session or poker/quant lecture that day.

Were you involved with anything in the past that sparked your interest in joining a company like SIG?

I have always gotten a thrill out of competitive strategy games, whether they were video games, trading cards, or fantasy sports. I started playing poker in college and was drawn to SIG’s emphasis on poker, rational decision making, and game theory as part of the trader education. The fast-paced environment of the trading floor was a good fit for me, as it seemed it would be just like playing a strategic game.

What made you decide to join our team?

I really like the company culture, as people at SIG are very smart but also very humble and friendly. Experienced traders are always willing to take time to explain concepts and answer any questions interns and Assistant Traders have. It is a very collaborative environment, and I definitely feel like I am part of a team working towards a common goal.

What do you like best about working here?

SIG’s focus on classroom education was one of the best parts about the internship. Although the interns were spread across trading desks, during the middle of the day we all went upstairs to the education room where we learned about options theory and various trading strategies. Having this common classroom component was extremely helpful, as we were able to better understand the terminology that traders were using on our desks, and relating what we learned back to real trades that were made.

If you were speaking with a graduate who was considering starting their career at SIG, what advice would you give them?

If you’re good with numbers and looking for a challenging, fast-paced, fun, and rewarding work environment, then definitely apply to SIG.