Wall Street Firm’s Strategy: Hiring Retail Traders for Remote Trading

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Retail traders around the world have always kept an eye on Wall Street. After all, it’s the center of the financial world.

Most traders can only dream of trading on the floor of the New York Stock Exchange or at a big Wall Street proprietary trading firm.

What most retail traders don’t understand is that The Street has a new address. Most of the firms that were on or very near Wall Street have moved to other parts of Manhattan. And a few firms, including SMB, are hiring traders from places like Texas, Europe, and Indonesia to trade remotely.

“This is a trend that we expect to continue … and we are structuring our business to take advantage of it.” Says Mike Bellafiore, Founding Partner of SMB.

In the old days, if you wanted a career as a professional trader, you had to move to New York City and compete with the best and brightest candidates from Ivy League universities.

But now, retail traders from places like Michigan, Alabama, or Singapore can earn a spot at a firm like SMB by simply demonstrating positive results and that they know how to control risk.

SMB is sought after by both retail and professional traders because of the training and culture that has produced so many great traders.

SMB is working even harder to bring excellent training to retail traders who may be able to demonstrate that they have what it takes to join our firm.

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