Looking for a small prop firm to work with in London or the EU

S

scurzon

Hi Guys - I have 28 years experience in the markets, starting my career on the LIFFE floor and then moved to screen based trading, mainly the DAX on Eurex.

I was working with a small prop firm for the last 4 years until they blew up in March after some a rogue trader carried some huge positions into the weekend. I had close to EUR 600k on account with them which was all frozen as the they owed the clearer a lot of money. I was making 600 - 800k per year net profit with them.

I am now with a small London firm but their attitude to risk is awful and I fear they will suffer the same fate. Since April 2nd I am up about 220k (Euros) but I am looking to move ASAP. (P/L satements can be provided on request)

Are there any prop firms in this forum or potential backers on this forum who would be interested in backing me. I work on a simple 50 / 50 profit split. Having had 600k stolen from me by the previous firm, I am in a situation where I will need funding.

My trading is all DMA Dax Futures - no overnight, no algo, no arbitrage. Just old school trading.

Open to offers...
 
Having had 600k taken from me the 220k is well and truly spent! Plus I enjoy working with a prop firm. Of course profits are split but a good prop firms brings added value.
 
You was making 600-800K per year net profit, even with 50/50 split, where rest of the money gone ? Sorry, just intersted to know. maybe i'm missing something here.
 
TradeTune said:
You was making 600-800K per year net profit, even with 50/50 split, where rest of the money gone ? Sorry, just intersted to know. maybe i'm missing something here.
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Well 600k got taken when they went under, so that is a pretty good start for where it went!
 
scurzon said:
My trading is all DMA Dax Futures - no overnight, no algo, no arbitrage. Just old school trading.
More...


Why would anyone give 50% to a prop firm then another 20%+ to the tax man.

Why dont you just open an account with someone like AMP Futures?

Margin for 1 large DAX is $2500, and $500 for the small dax futures.

How many lots do you need?

I wouldnt keep 600K with any firm, not unless it was a small percentage of my networth.
 
southall said:
Why would anyone give 50% to a prop firm then another 20%+ to the tax man.

Why dont you just open an account with someone like AMP Futures?

They offer Margin for 1 large DAX is $2500, and $500 for the small dax futures.

I would keep 600K with any firm, not unless it was a small percentage of networth.
More...
Well with a prop firm I would trade double the size meaning I make the same as I would alone, but working with a prop firm offers lots of other benefits including not having to deal with the clearing houses etc.
 
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