They want to register as a not for profit charitable firm???? Good luck with that...............................
Mac/refco Trading Services
- Thread starter apple69
- Start date
I believe the idea is to charge traders cost pricing, although obviously the clearing business will still make a decent margin. I understand that everybody involved i.e. the traders, will know exactly what they are paying to whom and as volume increases so costs will come down.
I think this is a strategy by the clearing firm involved to take volume from the other clearers but also to take all the profit currently earned by owners of non-clearing prop firms. I am not sure what their current client businesses will think of it.
I think this is a strategy by the clearing firm involved to take volume from the other clearers but also to take all the profit currently earned by owners of non-clearing prop firms. I am not sure what their current client businesses will think of it.
To use a Britishism: B*ll*cks.
If these guys were serious about reducing costs for everyone then they wouldn't sit down in Bishopsgate, the most expensive area for office space in the entire country. Somewhere like Peterborough
would be more like it.Ergo it ain't about reducing costs but something else. Comments?
I think the reason they are in Bishopsgate is twofold. They already have a deal on office space which is under lease and vacant so losing them opportunity and also they know they have a ready pool of locals that already work in the area and live all over London who will be looking to move across for the cost saving this will provide. Why wouldn't you open it there?
FredBloggs
Guest
i dont think he is.
lets put this in us terms: if you were setting up a similar us operation and you wanted to guarantee success, where would you open an office? detroit/alabama or chicago/new york?
doh!