Skype? I rather talk over phone. PM me your number.
Chicago FX operation
- Thread starter Maverick74
- Start date
Skype? I rather talk over phone. PM me your number.
Hmm, oh sure, the one area that I couldn't match (giggle). Treading Fees! I am sure that the business you give them is significant. You wouldn't have to take all that space. That' just letting you know what is available. I could easily provide you with less. I can master the full space and you could sub.
The space lends itself very well for shared office space duties. I can easily staff the general stuff. You can concentrate on just your trading duties.
The space lends itself very well for shared office space duties. I can easily staff the general stuff. You can concentrate on just your trading duties.
Quote from Maverick74:
I'm not sure how long our lease is. But I know Fimat gave us a good deal because of the amount of business we gave them. I will look into it. Although I will say 11k sq feet is a lot of space. There is no way we could fill that up. I never wanted to have a huge trading floor with too many traders. Much prefer the smaller boutique operation. But I would love to see pics and the address. Feel free to PM me the info. I can always be persuaded.
But I do not write the checks. All I could do is lobby for the space.
Many energy shops already do this.
interesting thread, just noticed it, cause i am currently looking at alternatives to say BarX etc for access to the full spectrum of FX derivatives at acceptable spreads...
reason there are loads of spot traders is spreads are shite on FX options (c. 10 pips) if you hadn't noticed... offer 1-2 pips and you'll get a lot of biz going, guaranteed!
The real question I guess is that with so much leverage in FX trading or using FX futures, what is the added benefit of doing it through prop? I am not asking this because I do not like the idea, I am asking because that is the main hurdle to get over and answer to make it successful. Many people already get good overnight leverage with spot forex or with futures fx so to attract people to a prop FX, you need to highlight the distintive characteristics that will make people leave the OANDA, GFT, IBs etc or not just trade the FX futures like I do through a prop.
Good luck!
Good luck!
The advantage is the cross margin treatment of all your postions.
Being able to trade spot, futures, options and exotics all in the same account with one risk based haircut. Also, the ability to get much tighter spreads on cross rates and less liquid pairs.
Maverick74,
For when would this be ?
For when would this be ?