Pros
-convenient location -you can bring your own strategy if you have one and get a high %. But you won't learn anything new here. -management is like any other in this industry: they are nice and friendly guys but are doing so in their own interest. Their true colors show when you look at their investment in technology, high fees, lack of interest in expanding strategy, their focus on lowering fees and collaborative work with other trading firms which are supposed to be the competition. They are businessmen, nothing more.
Cons
-nothing to learn -bunch of traders who made money when trading was easy -no automation, very few programmers to use, too many traders -no sophisticated tech, leases everything, so everything can change -management out of touch with business -fee-based company. They need trader fees to be profitable since their traders' strategies are dated -You can't go anywhere past this company. No skills, nothing learned. You're just a trader at a lower end firm. Same with other equity-only day trading firms. -no salary if you come in as a transfer, low salary if you come in as a new trader. -Go elsewhere if you want to be a trader in finance, like at a bank. Or go to a startup instead. This place is not worth the risk. -incompetent people. I think reviews about how this is a great firm and that there's no other better place to try to "hack" trading have no idea about other firms out there (goldman gsam, high-frequency, getco, jane street) and are overvaluing their own abilities. The time when you can hack trading without a team of quants and programmers is pretty much over... unless you wait for flash crashes and algo mistakes as a career.