What is a proprietary stock trading?

I have been invited for an interview to do proprietary stock trading in NY. From what I understand is that I will trade the firm's capital and they will provide continuous education and tools to trade well. But I know nothing about proprietary trading. Do I trade inside the building side by side with other stock traders or at home? Will I get licensed later on? If you know more details, please share with me. Thank you.

Public Comments

1. Websters defines Proprietary as;

1 : one that possesses, owns, or holds exclusive right to something; specifically : proprietor 1
2 : something that is used, produced, or marketed under exclusive legal right of the inventor or maker; specifically : a drug (as a patent medicine) that is protected by secrecy, patent, or copyright against free competition as to name, product, composition, or process of manufacture

To me, proprietary stock trading means you are going to be trading the company's own stock or trading from/with their own portfolio.

It's unlikely this will be a work at home type gig. You would most likely be on a trading floor of the firm, working with others doing the same or similar things.

Best of luck on the interview!

Knock em' dead.