Has anybody here worked at a trading firm?
So I am graduating from Temple University in about 5 weeks. I have been applying for some jobs, some as financial analyst, some as equity trader. The trading firms all seem to want me to commit a few thousdand dollars as "risk capital", and then I trade their money. I don't know much about trading firms, but if I am trading their money, why do I need to put up $5000 of my own money? Sounds fishy to me, but thats how they all seem on monster and craigslist.
So, if anybody knows if this is routine or not, please let me know.