candlestick trading company

A friend of mine has a shareholding of this company that he wants to get rid of, if anyone fancies picking up a large chunk of a trading firm with many traders let me know.

Are they still in business? Thought they'd just quietly gone under.........?

lol

that will be a 'no thanks' then.

They are still operating.

is Arjun Rose still involved with this CTC getup? or did he leave and set Shaolin up? Maybe he still has his holding with CTC...

I went to a Shaolin "masterclass" presentation quite a while back and met Arjun, he said that CTC had turned into a bit of a churn and burn shop. If someone with a signficant shareholding (Arjun?) wants out, then I guess this is a good example of why churn & burn, high comms or desk fee, or both, is not a great long term business model for any arcade.

I think Arjun severed all ties when he set up Shoalin at STA.
Candlestick was a good local trading room, out there in Shenfield.
I expect it is feeling the pinch like alot of the other trading rooms, the market needs some consolidation so I doubt there will be many buyers, why dont the existing shareholders want to buy him out? Might tell a tale in itself.

I actually live in Brentwood, 5 minutes drive from Shenfield, but don't trade with them. There is a lot of competition in the area. Triniti, Turtle Futures, Chelmsford Trading Bureau, Elocal and a suboffice of STA within them (that is where i trade). The market is so saturated, even when Refco were still about i traded out of Refco Brentwood, we couldn't attract that many people from elsewhere. When Marathon Asset Management took over Refco, one of he first things they did was close the Brentwood office.

Whats the competition like out there? I always thought the majority of them guys are clearing through Fortis so costs must be pretty close?