Insider Finance - Business - Wall Street: Millennium’s Miami tech

The latest in finance.
View in browser
INSIDER
Subscribe

10 THINGS ON WALL STREET

Welcome back! Dan DeFrancesco in NYC.

Today, we've got stories on what the Wall Street CEOs are saying about the banking crisis, Goldman's push to simplify options trading, and why the way you clean is totally wrong.

But first, I'm going to Miami


If this was forwarded to you, sign up here. Download Insider's app here.


digital wall street virtual remote work 1 4x3

1. Millennium's big tech push.

Come for the sun, stay for the tech. 

Wall Street firms that made the migration to Florida are settling into their new digs, and one top hedge fund is already laying the foundation for what it hopes can become a pipeline of tech talent.

Insider's Bianca Chan has a first look at Millennium Management's new engineering training program for its Miami office. 

The program, which is run by former Goldman exec Olga Naumovich, lasts 12 to 18 months and gives younger engineers a chance to try their hand at different roles within the $58 billion hedge fund. The launch of the program comes as the war for tech talent in the area remains intense

Bianca spoke to Naumovich about the program, the type of technologists Millennium is looking for, and the firm's broader tech ambitions in Miami.

Training programs like these — rival Citadel runs one targeted at engineers with a similar level of experience — give an interesting peak into hedge funds' approach to wooing tech talent.

Interest in learning about finance, as opposed to having knowledge about the field, is usually prioritized. Participants typically get to rotate between teams to get a sense of the org and what they like. And, perhaps most important, a portion of the program is focused on working with non-tech people. 

The programs address some of the biggest complaints big banks' tech workers often have. (More on that here.)

So as multi-strat hedge funds like Millennium evolve into the new-age banks, it's interesting to see them try to not make the same mistakes as their predecessors.

Click here to read more about Millennium's new training program for engineers in Miami.


In other news:

Jamie Dimon on a blue circle with a speech bubble

2. Wall Street executives sound off on the banking crisis. JPMorgan's Jamie Dimon, BlackRock's Larry Fink, Citigroup's Jane Fraser, and Wells Fargo's Charlie Scharf shared thoughts on the banking crisis during their respective earnings calls. Here's a roundup of their most-pointed comments.

3. Options for dummies. Goldman Sachs just upgraded a tech tool on its Marquee platform aimed at making options trading easily understandable for its clients. Inside what a Goldman executive is pitching as an Amazon-like tool for options trading.

4. BlackRock is going shopping. The world's largest money manager is open to making some deals in the wake of the banking crisis. More on what it might be looking for.

5. So you want to work at a hedge fund? Whether it's Citadel, D.E. Shaw, or Point72, we've got the rundown on how to get your foot in the door at all the elite funds. From internships and training programs to tips on interview prep, check it all out here.

6. Jamie Dimon on the US economy. Despite all the chatter on the recent banking crisis, JPMorgan's CEO still had thoughts on the state of the wider economy. Here's how he's feeling.

7. Goldman Sachs wants in on the AI chatbot action. The bank is considering spinning up its own version of the buzzy tool, Fortune reports. For more on how the bank is thinking through use cases for AI, here are three examples highlighted by its top tech exec.  

8. Some nips and tucks for the fellas. From fake abs to fat removal, these are all the hottest procedures among men these days, according to a Miami plastic surgeon. More here.

9. Don't make these mistakes, or Mr. Clean will be disappointed. We mapped out all the common mistakes people make while cleaning. (Trust me; you've been making a lot them.) Read this and get your home in order. 

10. Trader Joe's items so good, even a culinary judge approved of them. We had a food judge evaluate 14 of TJ's top foods. Here's how they stacked up.


Curated by Dan DeFrancesco in New York. Feedback or tips? Email ddefrancesco@insider.com, tweet @dandefrancesco, or connect on LinkedIn. Edited by Jeffrey Cane (tweet @jeffrey_cane) in New York and Hallam Bullock (tweet @hallam_bullock) in London. 

 

Older messages

Rupert Murdoch's big test

Wednesday, April 19, 2023

Plus: A brutal EV road trip, and SpaceX's mega-rocket launch. View in browser Subscribe April 17, 2023 Hello, Insiders. The trial for Dominion Voting Systems' $1.6 billion defamation lawsuit

Wall Street: Apple’s fintech ambitions

Wednesday, April 19, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hi! Dan DeFrancesco in NYC, but I'm considering making a trip to Canada to nab some of these chocolate bars

‘Love is Blind’ nightmare

Wednesday, April 19, 2023

Plus: Amazon manager guidelines, and EVs eligible for tax credits. View in browser Subscribe April 18, 2023 Hello and happy Tax Day, Insiders. Everyone's talking about Netflix's reality dating

The future of business-class travel

Tuesday, April 11, 2023

Plus: Apps to help build habits, and houses aren't getting cheaper. View in browser Subscribe April 11, 2023 Hello, Insiders. It's Shona Ghosh, Insider's UK deputy executive editor. For the

Wall Street: Finance’s psych test

Tuesday, April 11, 2023

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hey there! Dan DeFrancesco in NYC. I know we are getting close to beach season, but I'm not sure shelling

You Might Also Like

🇺🇸 US inflation rose

Wednesday, November 27, 2024

US inflation sped up, German consumer confidence fell, and Champagne and turkey | Finimize Hi Reader, here's what you need to know for November 28th in 3:14 minutes. The US central bank's

Don’t think you can afford life insurance?

Wednesday, November 27, 2024

Term coverage is less expensive than you think ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

What are you hiding Elon?? (Tesla’s secret 69% dividend)

Wednesday, November 27, 2024

It doesn't stop with Tesla... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

Giving thanks for inflation, Paul Mescal and more

Wednesday, November 27, 2024

plus un-useless inventions + a weasel ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

💚 Holding space for career pivots

Wednesday, November 27, 2024

Including Ellevest financial planner Veronica Taylor's incredible story. ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌  ͏ ‌

Harry's Take 11-27-24 Michael Saylor Has Seen an Impressive Learning Curve Playing Bitcoin at MicroStrategy!

Wednesday, November 27, 2024

Harry's Take November 27, 2024 Michael Saylor Has Seen an Impressive Learning Curve Playing Bitcoin at MicroStrategy! My wife Jeanne and I have seen Michael Saylor speak a number of times at Tony

The heterogenous effects of carbon pricing: macro and micro evidence

Wednesday, November 27, 2024

Ambrogio Cesa-Bianchi, Alex Haberis, Federico Di Pace and Brendan Berthold To achieve the Paris Agreement objectives, governments around the world are introducing a range of climate change mitigation

💉 A slimming proposal

Tuesday, November 26, 2024

Obesity drugs could be covered for millions more Americans, the president-elect proposes new tariffs, and meat-eaters versus veggies | Finimize TOGETHER WITH Hi Reader, here's what you need to know

Earn higher APY with a short-term CD

Tuesday, November 26, 2024

Rates as high as 4.50% for 12 months ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Do You Expect to Rely on Social Security?

Tuesday, November 26, 2024

The number of Americans anticipating to is on the rise ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌