what does FUTEX do ?

What happened to the first guy running your scheme?

How many traders have been accepted onto the scheme and how many are still at Futex (excluding those who have been there less than one year)?

which guy and which sheme, not sure what you mean exactly.
I would have to check the figures, about how many have been thru our training, but in excess of 120 have been thru our training. About 70 are still with Futex, some have moved away, some trade via other locations, such as new york, singapore, cypus, but mostly people stay with Futex. One or two succesfull traders also left because they decided trading was not the life for them.

Of the 70 traders can you give a ball park idea of what they earn per month. I can imagine that it may widely vary,but can you say that majority of them earn at least 5 figures per month.

Our wise one, states basically paraphrasing," If you are not going to make significant six figure sums if not seven figures per annum, go and find a different career, because otherwise its just not worth the hours and the stress"
As for what Futex traders earn, many earn 5 figures in a day when markets are like this. That is a very unfair question though, as some who are off form lose money, so its a balance.

I understand you take graduates and then train them, I assume competition is tough for those places.

Dont you also have a scheme where people can pay to do the training?

We have Futex Investment and Trading Academy, but this is not the forum to discuss that, because I want to keep this thread pure from anything that appears to be promotional.

I understand but presumably the success rates there differ from the grad scheme. Have you published those statistics elsewhere?

I have just checked with head of Training and we do not keep those stats. He said, we have testimonials on the web-site re individual successes, and we have one very successful hedge fund manager. Basically, we have a mixture on the floor of those who were hand-picked by Futex, and those who paid for training themselves.