Start a prop shop?

This is a discussion on Start a prop shop? within the General Trading Chat forums, part of the Reception category; Hi guys, I'm new to the forum but have been lurking for a few months and relatively new to finance. ...

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Old Feb 25, 2011, 5:06am   #1
 
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Start a prop shop?

Hi guys,

I'm new to the forum but have been lurking for a few months and relatively new to finance. By that I mean I am in my first year of a Finance & Economics degree.

Just a random question but how much do you think it would cost to start up a prop trading firm?
It's obviously not something I'm looking at doing in the foreseeable future but perhaps one day. I'd just like your opinions on how much you think it would cost.

Thanks

Mike
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Old Feb 25, 2011, 6:55am   #2
 
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Re: Start a prop shop?

Get really profitable and prove it, get backing from a big city instituiton and it won't cost you a penny. Its that easy.
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Old Feb 25, 2011, 7:28am   #3
 
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Re: Start a prop shop?

mike120 started this thread What if you were to do it on your own? As in just raising the capital on your own?
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Old Feb 25, 2011, 8:33am   #4
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Re: Start a prop shop?

Quote:
Originally Posted by mike120 View Post
What if you were to do it on your own? As in just raising the capital on your own?
probably about 100k.
doN;T FORGET EVERYTHING YOU NEED INCLUDING RISK MANAGEMENT SOFTWARE, LAWYERS FOR TRADERS' contracts, any FSA regs if needed, payment processing software, equipment, etc.
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Old Feb 25, 2011, 9:45am   #5
 
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Re: Start a prop shop?

mike120 started this thread Wow, thats alot cheaper than i thought. Is the 100k including the actual investment account. Not sure if thats the right term but you know what i mean
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Old Feb 25, 2011, 9:52am   #6
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Re: Start a prop shop?

Quote:
Originally Posted by mike120 View Post
Wow, thats alot cheaper than i thought. Is the 100k including the actual investment account. Not sure if thats the right term but you know what i mean
Quote:
By that I mean I am in my first year of a Finance & Economics degree.
got a spare 100k as a student have you?

Talk to arabiannights, he might know although he may ask you how your balls smell first.

Last edited by SanMiguel; Feb 25, 2011 at 10:10am.
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Old Feb 25, 2011, 10:03am   #7
 
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Re: Start a prop shop?

mike120 started this thread Yeah i wish!I just assumed it would be a lot more as in 1m+.

Only got 99,995 to go 'till i can do it then!
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