Is there arcades which leases a seat for on a day/week basis?

To be able to decide on will I go with arcade as the way to trade permanently - I need to test different strategies and my own physical and psychological abilities in real arcade but with large gaps to absorb new experience and make correction / learn more etc..

I would like to trade in real arcade for 3-4 days a month for first month or two, then may be one solid week a month for another couple of months.

I dont really like an idea to be paying full rent through this period.

Is it possible to negotiate with good arcade in central London?

You'd have to ask them, although I'd imagine they'd be reluctant, since it'll take them a certain amount of effort to get you set up, and there won't be much in it for them if you're only there a few days. Is there anything stopping you trying strategies out on a simulator, or even just with a normal broker from home?

yes - this phase is planned after simulator anyway.
and no - scalping through broker vs arcade - appeared as track races vs F1. You can make money either way if you are talented driver but if you sit in F1 bolid straight after track racing car you will crash to death on first 10 laps.

Hence - scalping through broker is irrelevant experience to scalping through arcade. IMO.

You can succeed in either or in both or in neither.

I dont think you'll find anywhere decent that does short term seat rental. just not worth the hassle, and not the sort of trader I imagine they would want to cater for ultimately.

Most places have a minimum term, the shortest I've heard of was Marex which (at least when I was there) used to be 30 day interval + a months notice, so in actuality, two months minimum term.

I just dont know what is involved - to create/maintain the seat. I thought it just a desk with a PC and 15 min for IT guy to create a domain login for you.......

And I didnt get "not the sort of trader I imagine they would want to cater for" bit..

I thought relations between clearing house and a trader are just some monthly fee and some agreement to be signed. So they are catering as long as I am paying. Or is it more complicated?


I am just asking. I learnt word 'arcade' just two days ago. Have no idea what is it in the reality.

I mean that they want to attract traders who will do serious volume (their main revenue stream), or at least, generate a basic level of revenue for the firm from seat lease.

There is also the aspects of assigning kit, screens, signing software lease agreements, setting it all up, logins, then you also need an exchange mnemonic, what about rebates on exchange fee's etc, opening an account, funding it etc.

From the firms perspective, I can imagine they would not see much benefit in terms of profits for catering to a trader who only wantes to pay per day, nor that someone who wants to do that is likely to do enough volume to be worth the overall bother.

To a "pro" trader, the cost of the seat is negligible in relation to how much you'll spend on commissions. At 48p a lot, I was churning over a grand a day in commish doing calendar spreads, more often than not.

none of this is meant as a put down btw, I'm just trying to offer an objective perspective.

of course. and that what I needed to know. thanks!

how trader's volume (if he trades his own money) helps arcade to increase revenue?

Is it really possible to get from stage where you able to do 5 scalping trades a day using brokers to a 'pro' with hundreds trades - to the level when you can move to arcade?

I thought brokers are too slow to get relevant experience? (it is like try to learn catching bullet using tennis)

because one of the facilities an arcade offers (and indeed, the biggest advantage) is that they offer their own clearing arrangements.

in other words, they are brokers in their own right. Very cheap, fast ones.

The main source of revenue for an arcade is the trading commissions their traders do. Since most traders in an arcade will be doing many thousands of trades a month, collectively the volume done overall is huge, often millions of lots traded. So the arcade gets big discounts and in turn can offer very cheap fee's to the traders.