best thing you can do when it comes to deals is just contact the firm in question if you're actually serious. If a shop is inflexible like swift/title, then it makes sense to post "hey we offer xyz payout, on xyz rate". You can't go to swift/title and say, "back me at 100 percent on a .004...its not gonna happen.
most firms are flexible, and its all about the numbers. it doesn't matter what their 'costs' are. For example, i knew a sub llc that gave a china group lower then their actual costs because the numbers made sense. (basically, trade for free = less then .0001 /1000 minus pass thrus, plus backed, for only 30 percent of pnl. the group of 5 was making over 200k a month on thin, low vol stocks (didn't even do that much volume) but even if they did, the numbers still work.
this is a sub llc that doesn't back people. and yet they did, because the numbers make sense. its obviously a wierd example, but the point is if you're flexible in how you make deals, it has to be done on an individual level. you don't want to promote 1 set deal/costs/payout unless you're going to be inflexible like swift/title. i know another group that got a .002 ALL IN. now obviously that group was not taking liquidity every time, the prop firm isn't going to recoup that much in pnl. but the group itself obviously didn't add liquidity 100 percent of the time either otherwise they would of just got a regular deal. bottom line is some extra factor was in there, leverage, draw, technology, something of the details i don't know on this one.
You post 1 deal for all, and you attract 1 type of trader. if thats how you want to run your business fine, clearly it can work. but if you want to attract the consistent little piker, as well as a massive position trader, you can't go around posting 1 deal/cost/payout ect.
You can't expect a firm that is willing to be flexible to post concrete numbers like their costs because what would be the point? Its all in the numbers, and they can't know what numbers are going to make sense until they meet the specific trader.
if you're serious, just call them.
most firms are flexible, and its all about the numbers. it doesn't matter what their 'costs' are. For example, i knew a sub llc that gave a china group lower then their actual costs because the numbers made sense. (basically, trade for free = less then .0001 /1000 minus pass thrus, plus backed, for only 30 percent of pnl. the group of 5 was making over 200k a month on thin, low vol stocks (didn't even do that much volume) but even if they did, the numbers still work.
this is a sub llc that doesn't back people. and yet they did, because the numbers make sense. its obviously a wierd example, but the point is if you're flexible in how you make deals, it has to be done on an individual level. you don't want to promote 1 set deal/costs/payout unless you're going to be inflexible like swift/title. i know another group that got a .002 ALL IN. now obviously that group was not taking liquidity every time, the prop firm isn't going to recoup that much in pnl. but the group itself obviously didn't add liquidity 100 percent of the time either otherwise they would of just got a regular deal. bottom line is some extra factor was in there, leverage, draw, technology, something of the details i don't know on this one.
You post 1 deal for all, and you attract 1 type of trader. if thats how you want to run your business fine, clearly it can work. but if you want to attract the consistent little piker, as well as a massive position trader, you can't go around posting 1 deal/cost/payout ect.
You can't expect a firm that is willing to be flexible to post concrete numbers like their costs because what would be the point? Its all in the numbers, and they can't know what numbers are going to make sense until they meet the specific trader.
if you're serious, just call them.