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Eon-Labs KB

Employment or Partnership

Source: Notion | Last edited: 2023-09-09 | ID: 72bba0b2-7b0...

This page help you decide if you want Employment or Partnership, which is the third step of interview process.

⛓️ Interview Process for All (Step-by-Step)

  1. Self-Assessment (SA)
  2. Fast-Track Assessment (FTA)
  3. Evaluation
  4. Employment or Partnership
  5. Base & Bonus Pay or Profit Sharing Assume you have finished the Fast-Track Assessment (FTA) or Take-Home Assessment (THA) and have passed the Evaluation, as an up-and-coming ATSR, you have the option of being employed by Eon Labs Ltd. and receive Base & Bonus Pay or entering Partnership with the company to receive Profit Sharing.

Either way, although your skin in the game is not mandatory, SNRF is required for PFP and Profit Sharing. If you are located in the United States, you may choose between W2 or C2C employment status.

💸 Tax Implications

Section titled “💸 Tax Implications”

How you earn your money can really affect how you deal with your finances, especially when it comes to taxes and stuff like that (you know, the Canada Revenue Agency). Depending on how you earn, there can be different tax things to keep in mind. So, it’s a big deal to think about what works best for you and what you want to achieve with your money. We’ve got lots of options for you, but in the end, it’s best to talk to your tax experts before you make any big decisions.

🪙 Intellectual Property (IP)

Section titled “🪙 Intellectual Property (IP)”

Please share with us any concerns you might have regarding Your Concerns of IP when it comes to disclosing your unique ideas or creations (referred to as the ‘IP’ aspect). We assure you of our utmost efforts to prevent any unauthorized use or abuse.

Employment

Section titled “Employment”

Your IP is protected if we dislike your IP. This may sound strange, but it may make more sense to you if you read the terms in the https://docs.google.com/document/d/16AlMmkgap5ovLZlfcLvzbfaU5r7ZQ4CTMTUTOFj3e2E/edit?usp=drive_web as explained on the KHA Probationary Period page. As one of the provisions of employing by Eon Labs Ltd., you will be required to share all intellectual property rights in any original works or ideas used to developed and developed during your Take-Home Assessment (THA) period:

Partnership

Section titled “Partnership”

Some applicants compare our partnership program to two of the more established programs:

💡 Ease of Recovery from Drawdown may sheds light on why you might opt for partnering with a prop funding source even if you have sufficient capital to trade and are keen on putting your skin in the game.

Note: First Loss Capital is not mandatory to partner with Eon Labs Ltd..

If you pick the Partnership option, you’ll have to share all intellectual property rights in any original works or ideas used to developed your algo-trading strategy with Eon Labs Ltd. once the MSA hits the ACIC.

Sharing your IPs is a good thing because it means that you’ll be managing institutional client funds. It’s a way for us to help you increase the AUM of your algo-trading strategy.

ATSR may become eligible to trade institutional client funds upon Graduation.

🛠️ Compensation

Section titled “🛠️ Compensation”

If you opt for the Partnership option, you’ll have to take a good look at the Profit Sharing page.

Once you have finished reviewing the Profit Sharing page, you’ll see that the Base & Bonus Pay is comparable to Profit Sharing with the following differences:

  1. In a sense, for employees, CI% is 0% (i.e. ibAUM is fixed) If a trading system by a ATSR employee demonstrates robustness in live trading and its signals (i.e. timing & direction) synchronous with backtesting ones during Probationary Period, Eon Labs Ltd. will make every effort to retain the ATSR as an exclusive employee by raising his or her ibAUM. The risk of losing his or her expertise to another rival prop firm is unbearable because when a trading system is faced with a substantial increase in AUM, it can be subjected to increased market impact pressure, which can result in alpha bleed.

  2. In a sense, the base pay is 100% of the estimated TMAEG on the ibAUM Although Fair Pay is always on the top of our list, the ceiling of your ibAUM is limited by some other factors other than your strategy’s own performance. For more info, please read Allotment Constraints.

  3. Bonus pay for employees is based on PFP. It can be understood as a curbed version of Profit Sharing.

📍 Recruitment Board 🔑 ** Guest Researcher Area (accessible by invitation only) **🔒

- [LOB Data on S3 🔏](/engineering/integrations/lob-data-on-s3/)
- [Algo-Trading Books 🔒](/research/books/algo-trading-books/)

🔆 External Links

- [**Link-in-Bio for EonLabs**](https://bit.ly/m/eonlabs)
- [**Indeed Company Page**](https://ca.indeed.com/cmp/Eonlabs)
- [**EonLabs.com Official Site**](https://www.eonlabs.com/)

🍁 EonLabs acknowledges that the land on which we live and work is the unceded traditional territories of the xʷməθkʷəy̓əm (Musqueam Indian Band), Sḵwx̱wú7mesh (Squamish Nation), and səlilwətaɬ (Tsleil-Waututh Nation) and we are grateful for the opportunity to do so.