swift trader Branch Managers...

[swiftmike99]

Quote from madmunny:

pretty much what Szeven said.....the big difference is that in Canada the trader gets paid first....so after his/her cut then the rest is split between HeadOffice and the branch.......but once outside of Canada Swift's HeadOffice gets paid first...which i beleive comes out to somewhere between 30-34% depending on the month as fees are different each month depending on the amount of fees the branch owes HO. Then what ever is left after HO takes their cut is paid to the branch and they decide how much to pay their traders.

Don't forget that Beck takes his cut before executions and clearing fees. And the cut can vary depending on your location in the world and whether you are a former trader. The BM has to cover those, the actually APR is sometimes as low as 40%, from that pay your traders, and the office expenses, only the top 20% of offices make really good money. Beck has a sweet deal lots of the BM don't.

 

[GGSAE]

Quote from Longhorns:

Penny f*cking a $1.00 stock all day long for rebates....and they make her sound like a super trader.

This is what swift is all about