Now that prop traders are being downsized or shunted into asset management, a new group has taken their place as being the "it" hires on Wall Street: high-frequency traders. Even the taboo of the May 6 flash crash won't keep firms from sniffing out top talent.
Dow Jones writes that many firms like Nomura, JPMorgan, Citigroup, Barclays and Deutsche Bank are looking to bulk up their high-frequency trading businesses.
It's not only the big guns on the Street; firms that focus on HFT are looking to fill their rosters. Chicago-based Infinium Capital has postings on its website for traders who know their way around equities, exchange-traded funds, fixed-income and crude-oil options. Allston Trading, also based in Chicago, wants to bring on algorithmic traders and programmers.
The fun doesn't stop there: Hedge funds like Moore Capital and Millennium Partners are getting in on the action and also want to hire HFT.
Time to get those math skills in gear. If you've got a physics degree, even better.
Write to Julie Steinberg
