My dad was recently laid off from his job as a derivatives trader in nyc. He’s been down in the dumps and interested in a new career. I’m trying to help as best I can. Any suggestions/ideas/leads?

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We might have few roles in NYC where he might be a great fit. Can you research at our career page and send me his resume, I will refer him asap. Please feel free to DM me for further details.

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What licenses does he have? Series 7, 9, 11? 63, 65?

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7, 63, and 4

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Sending good vibes to your Dad!

likeuplifting

Needs to work. Has two young kids. He’s mid 50s. Background: former trader at CBOE. Started and sold a small tech company that did trade order routing in the early 2000s. Been a derivatives trader past 15 years.

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Accenture has a trading practice ( former Structure group) perhaps he would be interested in joining.

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There are RIAs distinguishing themselves through hedging. A strong derivatives trader may be a good option for those firms. Many big RIAs use smaller focused firms for the hedging. These are primarily stock options and futures, not commodities.

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OP: Can he just trade his own account?

Retire?

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Obviously not an option if he’s looking dude 🤨

likesmart

OP: that’s tough. Everything is being automated. What special skillsets does your dad have?

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He’s got a few series exams under his belt and experience working at tech startups

Does he need to work or simply want to work? That affects our suggestions

Replied below

Traders are quickly replaced by algorithms. Going to be hard to transfer that skill into something else.

A1, equity, commodity, option and other derivatives trading are all very different. Trade selection is very different as well based on financial objectives.

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