Anyone trading from Singapore?

Quote from Copernicus:

how do you guys get around the employment pass requirement to be able to rent somethign in Singapore? outside of just renting a room or staying at a hotel or knowing a fearless local
:-), what other options are there?
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One avenue is to register as a local on Simex. Simex will then sponsor your residency permit, subject to certain minimums for trading volume. Alternately, you can incorporate your Local seat and then write a short business plan and apply for Entrepass based on you business.

Been there, done that.
 
Quote from Sell 'em:

One avenue is to register as a local on Simex. Simex will then sponsor your residency permit, subject to certain minimums for trading volume. Alternately, you can incorporate your Local seat and then write a short business plan and apply for Entrepass based on you business.

Been there, done that.
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are there still locals on Simex?
i thought that the exchange has been all electronic for quite some time now. you must have some stories to tell, ever traded with Leeson?
 
Quote from Copernicus:

are there still locals on Simex?
i thought that the exchange has been all electronic for quite some time now. you must have some stories to tell, ever traded with Leeson?
More...

Yeah, I see they only have 'individual members' now - not sure what the difference is, given that as a local I spent very little time on the floor. Still, there might be benefits to membership, and one might even use that to get residency as I described above.
 
Quote from bstay:

i'm trading US stocks from Singapore. why do you call it "Prop Trading Company"? will you be providing capital to us like other proprietary trading firms and share the profit payouts? what about the internet connection?

Does anyone know if we have "prop firms" in Singapore? I once visited a Phillip Securities trading room but it was more an arcade where traders pay nominal rent to trade using their platform at very low commissions (on own capital). I'm looking to trade with other Singaporeans too if there is more such offices.

Regards,
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Hi Bstay,

Maybe I was not clear enough but I am only looking for traders to share the expenses of renting an office in the city. We will share the office but I will have my own company which will be totally independent, and I do not intend to hire traders at the moment.

I have worked for 5 yrs in a trading floor with over 400 people on it, and I want to kind of replicate that professional environment.

I have friends in major investment banking and brokers worldwide so have access to researches, seminars etc.

Hope this clarifies my original post.

Regards,
Gianluca
 
Understood. You are asking for independent traders to share the costs of the office rental, but in order for people to respond to you there must be "benefit" for us ...... I see no compelling reason yet for me to incur the additional expenses of sharing your costs.
 
I have worked for 5 yrs in a trading floor with over 400 people on it, and I want to kind of replicate that professional environment.

I have friends in major investment banking and brokers worldwide so have access to researches, seminars etc.
Hi
I trade only us stocks/options and US indices/commodities.
Your idea of creating Office /T floor environment is ok, But one can not have office that can only accomodate 2 desks!
we need minimum 5 guys {most guys need a big desk to keep 2 pc/4 monitor set up}so that ar least 3to 4 guys are there at any given time.
But the problem is my trading hours are 9.30pm-4am {10.30pm-5am winter)
what products you trade?
At this ungodly hours ,I rather sit in my shorts at home.
 
Hi Guys ! Good to see there is a Singapore thread here !

I trade for more than 10 years now, as an amateur and decided to become an independent professional trader in January this year.

I trade only CFDs' on the DJ and Paris (I'm a former French citizen...).

I love what I am doing now but it would be also good to share with other S'pore traders our experiences / ideas... Before a good meal, for instance ?:)

Cheers!

Aristide
 
Hi all, i m trading CL now... was thinking to use IB, i see quite a few using that to trade, any idea if its good. i see the commission is low!
Btw i m from singapore too.=)
 
Hello,
I'm from France.
Do you think it's possible to easily start an home day trading business in Singapore and get easily a visa to stay there ?
It looks like an ideal city to trade from, good weather, low tax, business oriented, large financial center, good nightlife, English speaking, tolerant, ...
Thanks a lot!
 
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