FX arcade/dealing room

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meanreversion

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I'm trading my own capital from home, mainly on FX. I'm looking to either rent a desk at an arcade or possibly start one up myself if there is sufficient interest (in central London). Is there anyone in the same boat, looking to benefit from working in a proper dealing room? I've got about £50k in it, I'm looking for others of similar risk tolerance.
 
I would love to be involved in a start-up arcade in central London. I can do all the IT stuff, and have plenty of experience with setting up IT systems for city firms.

Perhaps some sort of co-op?
 
To be honest, I already have the IT side of it covered, one of my partners is ex-telecoms. I'm looking for other traders. The aim is a room of 12-16 traders in order to create a dealing room buzz. I'm trying to find out if there is demand for this. In order to get a good set up in a good location, the desk rental will not be cheap so it's for larger accounts. Any other traders think this might be for them?
 
meanreversion said:
To be honest, I already have the IT side of it covered, one of my partners is ex-telecoms. I'm looking for other traders. The aim is a room of 12-16 traders in order to create a dealing room buzz. I'm trying to find out if there is demand for this. In order to get a good set up in a good location, the desk rental will not be cheap so it's for larger accounts. Any other traders think this might be for them?
Click to expand...

I've got a gap year and i find it difficult to be disciplined trading at home -Aka cba 2 wake up, make loads of food, distracted by tv, distracted by family...

So a place to come trade would be good and i'm backed by a large capital.

^^

Sounds good.
 
It's either Mayfair/St James's or maybe Knightsbridge. I've looked at arcades and they are all in the CIty (or Essex), I don't fancy the commute so am looking for somewhere a bit closer to home. This would appeal to anyone based in central to West London. I spent 14 years in dealing rooms around the world so have a good idea of what makes them tick.
 
This sounds interesting. Are you dealing spot or futures/options ? Currency options are expensive for smaller investors.
Also, to get better deals in the spot market you`re trading with the banks - so you need a large deal size. I think a million is minimum if you want to trade from Bloomy`s fx order book.
If you can keep costs to about 1k might be worth it - but that might be very hard, esp in hedge fund land!!
Ta
Combo
 
My background is FX spot and options but there is no reason why traders in other asset classes couldn't use this facility. I'll struggle to get it to 1k, possibly 1,500/month at the minimum I would say. But hey, what's that compared to working in a dealing room in Mayfair swinging your own cash around!
 
I am in fx spot and I'm looking for an arcade as well.
I come from Greece and I don't plan to spend more than a week/month in London.
Nevertheless I am strongly interested in your idea. Please send more info if you procced.
 
Did this ever take off?

I too am looking for a trading office. All i require is a desk, net connection, phone, Tv screens with bloomberg and an atmosphere with people i can bounce off!!
 
I'm trading out of an arcade in the City but am actively looking for alternative (cheaper) space. It's easy to sign up to an arcade like Schneider, Futex or Marex if you are self backed, but the fees are high (1,200+/month).
 
ffsear said:
Did this ever take off?

I too am looking for a trading office. All i require is a desk, net connection, phone, Tv screens with bloomberg and an atmosphere with people i can bounce off!!
Click to expand...

never will, unless you can charge folk less than 500 quid a month (all in), which won't make a decent profit for the risk taker/s in 'London space'...unless you're doing it simply for the lulz can't see why anyone would take the start up risk tbh...
 
But there are other offices doing the same, but not based purely for traders. But if it works for them, why would a trding office not work???

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