Who We Are
First New York Securities LLC, (FNY) is a premier principal trading firm headquartered in New York City, with offices in London. Our more than 200 traders span all asset classes as well as all developed and emerging markets.
We are one of the few independent partnerships operating on Wall Street.
Backed by a state of the art trading platform, FNY has continued to prosper and grow, despite changing market environments, and continues to seek out talented, proven and producing traders.
Why First New York?
- Preeminent multi-strategy trading firm - founded in 1986, not affected by Volcker rule
- Diversification - currently trading virtually all asset classes in US, Europe, Asia, South America and other emerging markets across all major global exchanges
- Blue Chip Talent – most of our traders are from leading bulge bracket firms and hedge funds and our training program recruits from the top schools in the country
- Simple Payout - all cash, no netting, no deferrals
- Robust Infrastructure – latest technology and execution systems as well as extensive operations support
- Superior Risk Management – positions vetted by risk management group daily; VaR, stress testing DV01 and overall position limits, clear and unambiguous position marking, focus on liquidity
- Classic Private Partnership – stable capital base, meritocracy where membership in the partnership can be earned, strong enduring corporate culture
