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[T-Mex]

Extreme profits come with extreme volatility. So of course, the best days show how to best handle volatility. That's the value of seeing a volatile day.

The value of being present 'even virtually' in daily pre & post action briefings over 3 months is precisely to show you the day in, day out, non cherry-picked activity.

The value of visitng the firm in person, in London allows you to see it all in person too.

Hi, I was in London around 10 years ago, knew some of the blokes at a firm in Woking - one of the directors was ex-Sainsburys and we've had a few drinks. A quiet lad who wore headphones non stop at work and chugged a couple of bowls of cereal every day ended up in the papers a few years later for some layering in the ES.

Getting straight to the point, I thought that CME killed the whole "futures prop" model by banning member firms passing member rates to non members. The traders need to be employees/paid on a W-2 and cannot contribute to firm capital. Getting paid on a split therefore went away, and non-compliant firms went bust once CME retroactively adjusted the exchange fees to non-member for the last X months of booked trades.

So I'm surprised to see a prop firm giving high limits in ES/CL/GC - scalping the order book with retail fees hasn't been totally killed by algo firms paying < 5 cents to clear and having member rates? Would be interested to learn the angle here and drop in for a visit if invited? I fly through London a few times a year...

 

[JigsawTrading]

Hi, I was in London around 10 years ago, knew some of the blokes at a firm in Woking - one of the directors was ex-Sainsburys and we've had a few drinks. A quiet lad who wore headphones non stop at work and chugged a couple of bowls of cereal every day ended up in the papers a few years later for some layering in the ES.

Getting straight to the point, I thought that CME killed the whole "futures prop" model by banning member firms passing member rates to non members. The traders need to be employees/paid on a W-2 and cannot contribute to firm capital. Getting paid on a split therefore went away, and non-compliant firms went bust once CME retroactively adjusted the exchange fees to non-member for the last X months of booked trades.

So I'm surprised to see a prop firm giving high limits in ES/CL/GC - scalping the order book with retail fees hasn't been totally killed by algo firms paying < 5 cents to clear and having member rates? Would be interested to learn the angle here and drop in for a visit if invited? I fly through London a few times a year...

Whilst the trading at this operation is based on the ladder, I wouldn't call it scalping in the traditional sense. A lot of it is momentum/news trading and trading breaks. Trades where there's an expectation of a run, rather than flipping out the other side.

There's plenty of firms out there paying a split - both outrights & spreaders.

As for paying a visit when you are in London - let me know a few weeks before hand & I'll arrange a visit.

 

[T-Mex]

As for paying a visit when you are in London - let me know a few weeks before hand & I'll arrange a visit.

Will do thanks.

 

[T-Mex]

Whilst the trading at this operation is based on the ladder, I wouldn't call it scalping in the traditional sense. A lot of it is momentum/news trading and trading breaks. Trades where there's an expectation of a run, rather than flipping out the other side.

There's plenty of firms out there paying a split - both outrights & spreaders.

As for paying a visit when you are in London - let me know a few weeks before hand & I'll arrange a visit.

I'd like to speak to someone at FCT - could you make an introduction? If they're ex Futex we may know a few of the same people. PM please.