Prop Shops in Europe?

I'm in Bratislava, Slovakia. I've been getting some (what seems like) interest from some people I know in NY regarding starting up a shop here.

Not sure about what kind of regulatory issues are involved with trading worldwide exchanges (both euro & US markets) and also things like clearing of trades.

I've been a day trader in NY for a few years and recently relocated to Bratislava.
 
On a related theme- still looking for a good one in Chicago for remote access if anyone has any ideas.

I would stress I don't want to be backed - have my own capital but want to be able to locate a model in Chicago and trade spot fx and futures on the ecbot and cme off it .

Thanks
 
Quote from station42:

Thanks for the links. The Traders Clearing Alliance seems pretty interesting. Will look into it more. Dogfish, you have any affiliation with them?
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I don't, it's just a different model from the usual prop houses as it's non profit
 
Quote from eusdaiki:

non profit? :confused:
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its a Limited by Guarantee incorporation run for the benefit of the members. To trade there you have to become a member of the firm. The benefits of membership are that you get to trade at the lowest rates I've come across in the industry.

Example: Eurex financial futures you would pay 0.24c per side including exchange fee's - thats basically 0.04c clearing fee per side.

No sliding scales, its a flat rate regardless of volume.

Obviously, if your doing 100k spins per month, you stand to save a bundle in commissions. They clear through Fortis.
 
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