FAQs On Trading
1. Does Open Futures offer formal training program for traders?
Open Futures offers both formal and informal training for those hired into the trading program. Formal Training entails: Classroom Training, Electronic Mock Trading, Introduction to Software Development and a Mentor Program. Informal training takes place on a daily basis supported by the firms flat structure and access to senior traders. Classroom training session provides an introduction to the basics of options theory, Open Futures’ proprietary approach to trading options and a forum for senior traders to present adhoc trading topics.
Electronic Mock Trading gives those in the trading program an opportunity to practice their electronic trading skills. We stimulate live market data and order execution using Open Futures’ electronic trading platforms.
Introduction to Software Development highlights the importance of technology to Open Futures’ Trading. With the pervasiveness of electronic trading, more traders find that programming skills can enhance their effectiveness. Hence traders with some level of programming skill will be given enough opportunity to use to help build a strong IT team.The mentor program facilitates open discourse by assigning a senior trader to a new hire.
2. What skills are needed to be a successful trader?
Successful traders have strong mathematical and analytical skills; think quickly and decisively and have a passion for the markets. Given the prevalence of electronic trading, experience in or aptitude for programming is also beneficial.
3. What will be the hours I will be asked to keep?
Working hours would be consistent with the market timings. However it may also depend on the requirements of the assigned group and your own interest.
4. What skills can I expect to learn?
The growth opportunities at Open Futures are limitless. Through formal and informal training you would learn about options, various trading strategies and financial markets.
5. What role should I expect to play in my first several years with the firm?
Your work ethics, discipline, learning ability and the zeal to excel will determine the opportunities presented and the roles you will play.
6. How much trading, derivatives, and financial knowledge is expected of a new hire?
New hires do not need previous knowledge of, or experience with, trading or derivatives. We do seek applicants with majors in finance, mathematics, statistics, computer science or related fields. A passion for trading and financial markets is essential.