Pros
-You can make money here. some single digit % of the firm makes money that is worthwhile. -It is the best of the lower-tier day-trading firms due to technology. -Independence. No risk-management or oversight. -Full disclosure: I made money here, I probably performed on the top 10% of the firm, and I still thought this place was a waste of time. Try to go to banking or derivative market-making instead. Avoid equity-only prop firms. They probably are not in your best interest.
Cons
-No instruction. No training. Any training they provide is insufficient to help you succeed. Training is literally a joke. You won't learning anything about sustainable edges, math, stats, market structure. It is impossible for you to transition post-Trillium and it is probably the management's intention to make it that way. -Management that is deadweight. There exists management that is just there to take a % of your profit, they don't trade. Nepotism runs high, and it's a discouraging environment. Not a true meritocracy unfortunately. -Best traders do not share information. They are probably right for doing so. Edges are small, quick, and it's best not to share. Non-collaborative environment. -No Phds or real portfolio managers. You will just be short-term trading equity and nothing more. The environment is one that prides itself on arrogance, short-sightedness, and it's unfortunate. -0 job prospects from here if you fail. Tarnished resume if you fail since the company has had legal troubles in the past with the FBI. Google "Trillium trading FBI" -Edge will erode with time most likely. -You can make money perhaps, but at what cost? -A supposed "star" trader once told me that all he did was martingale position as it goes down (if it goes down, double down). He got fired and is an idiot, but made money. That's essentially the mindset a lot of ex-traders and current managers have here. No talent, no understanding of math, no intention on exploring new edges. -Advice to future and potential employees: the best industry in finance to be in is venture capital and PE. Take a path that leads you there i.e. banking or investment management. Avoid day-trading shops that charge fees even if they do not require capital contribution; their incentives are against you.