I have worked in the futures Industry for 11 yrs. Much as a prop trader for a large FCM in Chicago. I have read so many posts and reply concerning prop deals . This one warranted a reply. MY experience is that any firm offering reasonable spits of 50, 60,70 respectively for a three year commitment as well as seat lease and other expenses covered. Expect the trader to make them around a million dollars a year. Most educated but inexperienced traders are gone in days or weeks. The good news is if you can come close or exceed firm expectations you have had a good year and job security. To context this you have member rates, and volume is added with activity not fixed dollar thresholds. Under these conditions the firm expectations are attainable. A retail accounts parameters would make this impossible unless funded at a few million. And commission costs for this type of trading activity would be astronomical. Successful prop strategy's would eat upwards of 40% profits. All and all I wonder how some prop shops operate. Are they just looking for order flow or profitability.
