10 Best Prop Firms in New York for 2026 – Top Funding Opportunities

I’ll talk about the Best Prop Firms in New York in this post, emphasizing leading trading companies that provide cutting-edge technology, high-frequency tactics, and chances for professional advancement.

New York’s prop firms, which range from cutting-edge companies like Akuna Capital to quantitative titans like Jane Street, provide traders exposure to international markets, competitive pay, and guidance to succeed in hectic trading settings.

Why Use Prop Firms in New York

Global Market Access – As one of the largest global financial hubs, New York provides traders the ability to access a range of markets, including stocks, options, ETFs, crypto, and other global markets.

Proprietary Tools – New York prop firms provide traders access to their own proprietary trading tools and systems, including trading algorithms and other high performance, low latency trading systems

Mentorship & Career Advancement – Because prop trading firms in New York have a high caliber of employees, they are able to provide a high level of mentorship for traders, in addition to the formal structures that they provide.

Income Opportunity – Proprietary trading firms provide attractive income opportunities for their traders since they offer a pay structure that is heavily weighted towards variable compensation

Research and Strategy Development – New York prop firms have a large number of traders, making them ideal for ambitious traders who want to be in a collaborative and forward-thinking environment.

Key Point & Best Prop Firms in New York List

Prop Firm	Key Point
Jane Street	Global market maker known for quantitative trading and strong tech-driven culture.
Hudson River Trading (HRT)	High-frequency trading firm with advanced algorithms and data-driven strategies.
DRW Trading	Diversified trading firm excelling in derivatives, crypto, and proprietary strategies.
Tower Research Capital	Leading quantitative trading firm focused on algorithmic and high-frequency trading.
Optiver	Specializes in options market making and technology-enhanced trading solutions.
Jump Trading	Proprietary trading firm with global presence and strong focus on research and innovation.
Virtu Financial	Market maker providing liquidity across multiple asset classes and global markets.
IMC Trading	Quantitative trading firm with focus on technology-driven market strategies.
Flow Traders	Leading liquidity provider in ETFs with advanced trading technology.
Akuna Capital	Fast-growing derivatives trading firm known for options trading and tech-driven approaches.

1. Jane Street

Jane Street is a famous quantitative trading company. It is known as a market maker and electronic trader. Jane Street uses advanced technology and trading algorithms to provide high liquidity in international markets. The firm focuses on a unique winning culture, promoting collaboration, and developing new and innovative strategies to trading.

It is also known for its high liquidity as a result of its advanced technology and algorathims. Jane Street is also known for its competitive trader compensation, extensive training, and high level exposure to a variety of asset classes. It is also known as one of the most recognized and Best Prop Firms in New York.

Jane Street Features, Pros & Cons

Features:

1. Jane Street focuses on the equities, ETFs, options and bonds trading.
2. Sophisticated strategies involving algorithmic trading & quants.
3. Worldwide market coverage with liquidity.
4. In-house execution and risk management systems.
5. Team-driven trading.

Pros:

• Technology is cutting edge.
• Good reputation in the industry for quant trading.
• High level of market sophistication.
• Good hierarchy for collaborative work.
• High market exposure.

Cons:

• Extremely competitive/ Many candidates for a few positions.
• High levels of stress and long hours.
• Super quantitive and coding skills are a must.
• Limited social schedule (work-life balance).
• Very selective hiring standards.

2. Hudson River Trading (HRT)

Hudson River Trading (HRT) has established itself as one of the top high-frequency trading firms that practice algorithmic trading in equities, futures, and cryptocurrencies. HRT employs cutting-edge technology and data-driven strategies to exploit market inefficiencies. HRT supports its traders and engineers through the provision of extensive research and innovation.

HRT has earned a reputation for having a positive workplace, and for fostering a collaborative culture where talent and experimentation in the field of quantitative strategies. HRT is consistently recognized as one of the top firms in the world for tech-oriented traders, which is one of the reasons the firm is known as one of the Best Prop Firms in New York.

Hudson River Trading (HRT) Features, Pros & Cons

Features:

1. They do High-frequency trading for several different asset classes.
2. In-house developed HFT algorithms and low-latency trading systems.
3. Global reach in the HFT markets with a strong presence.
4. HFT with a background in quantitative research.
5. Real-time automation and analysis.

Pros:

• Tech and infrastructure are top-level.
• In the finance industry, HFT and Tech is the leading edge.
• Great Culture and strong focus on collaboration.
• Global market reach is strong.
• High mentoring and training caliber.

Cons:

• High entry requirements (quant + coding).
• Work caused extreme levels of stress.
• Pressure for performance and results.
• Less flexibility in work schedules.
• Limited public visibility, mostly private culture.

3. DRW Trading

DRW Trading is a diversified proprietary trading firm that focuses on derivatives, fixed income, and other markets, including crypto. The firm integrates data science, quantitative modeling, and market expertise to create winning strategies. DRW encourages innovation and experimentation, and allows traders and researchers to pursue new methods.

These attributes, combined with a high presence in the world market and consistent profit earnings, allows DRW to attract strong trading talent. Among the Best Prop Firms in New York, DRW excels in supporting the ambition of traders, offering complex layers of trading and fast-moving markets for optimal growth and skill development.

DRW Trading Features, Pros & Cons

Features:

1. Commodities, Fixed Income and Crypto Proprietary Trading
2. Quantitative Research and Discretionary Trading Integration
3. Technology-Driven Proprietary Trading Strategies
4. Discretionary Trading and Risk Management Integration
5. Venture Fund for Trading Technology Innovations

Pros:

• Broad Proprietary Trading Opportunities.
• Significant Technological and Analytical Resources.
• High Compensations and Performance Bonuses.
• Proprietary Trading in Crypto.
• Proprietary Trading in Diverse Asset Classes.

Cons:

• Highly Demanding and Competitive Work Culture.
• Work Culture Prone to Burnout.
• In-Depth Market Knowledge Required.
• Less Visible Work Culture.
• Work-Life Balance Challenges

4. Tower Research Capital

Tower Research Capital is at the top of the list when it comes to quantitative high-paying jobs in algorithmic trading. This high-level research-focused trading firm has built its reputation through successful high-frequency trades globally and the provision of timely financial services.

What differentiates Tower Research is its proprietary algorithms and risk management to support financial services. Tower Research has built its systems in such a way that it promotes innovative research, and through its team-oriented strategy, it facilitates the improvement of algorithms. Tower Research is one of the most in-demand trading firms for quantitative researchers and is known as one of the highest-paying firms for algorithmic traders.

Tower Research Capital Features, Pros & Cons

Features:

1. Proprietary Quantitative and Algorithmic Trading
2. Focus on High-Frequency Trading
3. Machine Learning and Advanced Data Analytics
4. Global Market Operations
5. Infrastructure and Software Optimization (continuous)

Pros:

• Access to Innovative Technology
• Quant Mentorship Programs
• High Salary Opportunities
• Advanced Trading Techniques
• Access to Various Global Market Trading

Cons:

• Competitive Hiring Process
• High Stress Working Environment
• Longer Than Average Work Hours
• Requires the best of the best in quantitative skills.
• Little to no room for other non-trading positions.

5. Optiver

Optiver is a trading firm that focuses on derivatives and options market making. Providing global standards liquidity and efficient prices, Optiver is known for its innovative technology and market expertise. Optiver’s collaborative approach focuses on the seamless integration of research and the improvement of decision-making and overall performance of traders.

The firm offers a high level of infrastructure and diverse markets and is known for its advanced training to promote professional performance. The firm is known for its seamless integration of Transparency and performance. This high level of performance is why Optiver is consistent with being ranked among the best prop firms in New York.

Optiver Features, Pros & Cons

Features:

1. Options, equities, and ETF market making.
2. High focus on quantitative analysis.
3. Own proprietary trading algorithms.
4. Presence in all the largest market and a focus on liquidity.
5. Real-time monitoring of all trading positions.

Pros:

• High potential for career advancement for quants and traders.
• Great collaboration on quantitative trading.
• Great focus on company culture and people.
• Great focus on training and development.
• Great focus on company culture and people.
• Great work to life balance.
• High potential for career advancement for quants and traders.

Cons:

• Great focus on company culture and people.
• Great work to life balance.
• Entry level positions for most recruiters.
• Long trading sessions.

6. Jump Trading

Jump Trading is a proprietary trading company with a global reach that is well known for its innovative technology and quantitative trading methods. They have a broad multi-asset class coverage including equities, derivatives, and crypto. They have highly sophisticated research, data analysis, and algorithmic trading in all these areas.

They have a strong reputation for tech focused excellence and for developing cutting edge trading methods. This makes them very sought after among finance professionals. They consistently receive recognition as one of the Best Prop Firms in New York for their ability to provide substantial advancement and development in complex market systems.

 Jump Trading Features, Pros & Cons

Features:

1. High-frequency and quantitative trading.
2. High End proprietary technology and infrastructure.
3. Multi-asset trading including equities, crypto, and futures.
4. Data culture.
5. Research and innovation focus.

Pros:

• Strong culture and mentorship.
• High potential for career advancement for quants and traders.
• Innovative global technology.
• Great work to life balance.

Cons:

1. Trading algorithms, proprietary
2. Great focus on company culture and people.
3. Risk management, real-time
4. Trading, high-frequency
5. Expertise, high-frequency. Global presence, liquidity provision.

7. Virtu Financial

One of the largest electronic market makers in the world is Virtu Financial which provides liquidity and execution services in cross equities, commodities, and currencies. They utilize high frequency trading systems, proprietary algorithms, and data analysis tools in order to provide optimal market efficiency.

Virtu is well-known for their risk management, IT focused trading environments, and transparency. Traders at Virtu get a lot of useable experience with complex global markets and advanced trading tools. Among the Best Prop Firms in New York Virtu Financial is known for having a strong and balanced environment for traders to develop their abilities, particularly for those who prefer technology based trading.

Virtu Financial Features, Pros & Cons

Features:

1. Market making in equities, FX, and commodities.
2. Proprietary trading algorithms.
3. Real time risk management.
4. High-frequency trading expertise.
5. Global liquidity provision.

Pros:

• Stable revenue model with low-risk strategies.
• Strong tech infrastructure.
• Competitive salary packages.
• Global market exposure.
• Collaboration-focused culture.

Cons:

• Work can be monotonous.
• Strong quant background and coding proficiency required.
• Needs a competitive attitude.
• Less discretionary trading opportunities.
• Market pressure is high.

8. IMC Trading

Founded in 1989, IMC Trading is a global leader in proprietary trading. The company is renowned for its market making and algorithmic trading, which is supported by its in-house algorithmic tools and market research. IMC Trading is a global leader in algorithmic and quantitative trading and is most recognized for its trading innovation and research.

The company is top-of-the-line in dialogue and collaboration in the field of data. Market making is the act of engaging in the buying and selling of market shares of a company. IMC Trading is recognized for its investment in its client’s trading skills, especially in algorithmic and quantitative trading. IMC encompasses the most sophisticated tools for its traders. This is why investment in the field of quantitative trading and technology is most recognized in the field of proprietary trading in New York.

 IMC Trading Features, Pros & Cons

Features:

1. Market making in multiple asset classes.
2. Quantitative research and algorithmic trading.
3. Proprietary trading systems.
4. Real time risk management and portfolio management systems.
5. Global market access.

Pros:

• Exemplary training for new traders.
• Multi-asset exposure.
• Culture of innovation and technology.
• Rewards are commensurate to performance.
• Cohesive culture.

Cons:

• Intense competition to get in.
• Result focus can be a bit much.
• Long hours in times of market volatility.
• Less discretionary trading.
• A culture of innovative pressure can be seen.

9. Flow Traders

Flow Traders is a global liquidity provider in the ETF and electronic trading space. Flow traders employs technology and quantitative analysis to effectively control and mitigate risks and in turn provide market making services, liquidity, and tight spread across multiple financial instruments.

Flow Traders collaborates with its research, and technology teams to develop trading strategies with a strong market making presence, and forecast profitability for its clients. For analytics-driven traders, Flow Traders is among the Best Prop Firms in New York with its promising remuneration, career development, and global market access.

Flow Traders Features, Pros & Cons

Features

1. Proprietary trading technology.
2. High market operations.
3. Real-time risk management and analytics.
4. Tech based quantitative strategies.
5. Global liquidity provision.

Pros:

• Flexible working hours.
• Increased earning potential.
• Sustained exposure to global markets.
• Enhanced collaborative culture.
• Numerous training and mentoring programs.

Cons:

• Challenging work surroundings.
• Entry level technical requirements are very high.
• Extended hours during market high’s.
• Your life balance is limited.
• Continuous change is necessary.

10. Akuna Capital

The options trading company Akuna Capital is a swiftly expanding derivatives trading company. Akuna values innovation and collaboration and focuses on developing high-performance trading systems. This has fueled the creation of numerous sophisticated quantitative trading models and strategies. Akuna provides its traders with structured training programs and experiential mentorship.

This, along with Akuna’s diverse asset classes, makes it exciting for traders in all stages of their careers, from early-career traders to seasoned traders. Akuna Capital is increasingly recognized as one of the Best Prop Firms in New York and continues to bring in traders who are excited about the financial services industry and the use of technology in trading.

Akuna Capital Features, Pros & Cons

Features

1. Derivatives trading and options market making.
2. Algorithmic and quantitative strategy research.
3. Systems for proprietary trading.
4. Integrated workflow risk management.
5. Tech-driven trading and Systems Worldwide.

Pros

• Tech and innovation.
• Comprehensive pay and benefits.
• Professional development and coaching.
• Access to various markets for derivatives.
• Value innovation.

Cons

• High level of competition to get hired.
• Demand to procure and sustain elevated performance.
• Extended hours during high activity market periods.
• Difficulty of upward mobility for new hires.
• Fast pace and high stress firm.

Conclusion

In conclusion, traders looking for expansion, innovation, and exposure to international markets have unmatched chances thanks to the Best Prop Firms in New York. Each company offers distinct benefits in training, strategy creation, and market access, from technology-driven firms like Jump Trading and Akuna Capital to quantitative powerhouses like Jane Street and Tower Research Capital.

The best prop businesses in New York combine state-of-the-art technology with encouraging surroundings to help traders reach their full potential, whether they are interested in high-frequency trading, derivatives, or market creating. These firms are perfect for aspiring trading experts because selecting the correct firm can determine your career.

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