Reasons why Raj Fernando Recruited Only “A” Players at Chopper Trading

The trading floor is always bustling with activity and tense particularly when the markets are open but the scene witnessed at Chopper Trading in the break room is quite different. It is normal to find employees either playing poker or table tennis to wind down or lifting weights. They also go out to attend games courtesy of the season tickets provided by the company for Sox, Cubs, Blackhawks or Bulls games. Their lines of business are always stressful and hence their CEO, Raj Fernando, tries as much as possible to make the atmosphere pleasant enough to counter the stress.

Raj Fernando uses a different approach when hiring staff for Chopper Trading than his competitors. He does not usually take a certain number of trainees and put them through training and then choose the best and release the rest. His process of hiring is usually involved and quite lengthy as he attempts to bring employees who will work and retire in the same company. Raj started a rule that guided his hiring process when he launched the company in 2002. He does not mind the amount of money an employee will bring if they are going to make life miserable for all in the company. He likens the employment to a marriage where the prospective employee ought to want Chopper Trading without a turnover. This is only possible if the bad elements are weeded out as early as the interview stage.

About Raj Fernando

He is currently the founder and CEO of Scoutahead and used to hold the same credentials for Chopper Trading in the past. Raj started volunteering when he was still in college at Chicago Mercantile Exchange and worked his way up in a number of positions there and at Chicago Board of Trade (1991 to the year 2001). He then founded Chopper Trading in 2002 and he oversaw its growth that made it possible for it to employ as many as over 250 employees. Fernando then sold his company, Chopper Trading, to the DRW Trading Group in 2015. Early this year he launched Scoutahead, an internet startup that seeks to improve professional and corporate productivity and growth using communication systems that are advanced and secure.

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