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Opening a trading office where each man is for themselves
- Thread starter stockmarketfan
- Start date
What all of you are looking for is Executive Office Suites.....
Just search for that in the city that you want. Most are month to month and provide everything needed...
Just search for that in the city that you want. Most are month to month and provide everything needed...
Quote from Maverick74:
This will NEVER work with traders. Traders are very unreliable. You have to get a lease and someone's name is going to be on it. Whose. Yours? Really? You are going to go to bat for these guys? And no, some building management company is not going to let you put 6 names on the lease like it's a college dorm room. Someone has to own the risk. And when these traders blow out and leave, you are left holding the bag.
You need to find a general office sharing space where you have attorney's, accountants, IT guys, just general people with real businesses who make real money.
And doing this out in some burb in Jersey is not going to fly either. Now you need to find guys "specific" to just that area that meet all the other criteria. Most people want to get an office to get AWAY from the burb they live in. That's the draw, to socialize and have a more productive networking environment. Not to share an office over a hardware store in Briarcliff, NJ.
Your best bet is to talk to the clearing firms next to the old Amex building and see what you can do to rent space there and open an account with the clearing firm directly.
Mav is correct (except Briarcliff is in Westchester, NY not NJ)
jack since you are a guru of post facto chart marking I could see why you would not see the merit of speaking to a clearing firm...
you would have no need for super fast reliable quotes or great and consistent execution connectivity and backup.
Not to mention some pretty smart traders wandering around your building.
among other things.
you would have no need for super fast reliable quotes or great and consistent execution connectivity and backup.
Not to mention some pretty smart traders wandering around your building.
among other things.
Quote from jack hershey:
LOL ....
Quote from Clubber Lang:
Mav is correct (except Briarcliff is in Westchester, NY not NJ)
I was referring to this one.
http://www.city-data.com/neighborhood/Briarcliff-Maplewood-NJ.html
Jimmy Cramer lives here. I know my swanky north east suburbs.
Correction: Cramer lives in Summit, NJ. Someone I know lives in Briarcliff. I'll think of it.