A dealing room in Morocco

Originally Posted by £10kLoser

I have all that in a 100sq metre two double bed, two bathroom, air conditioned luxury apartment with a 50ft balcony overlooking the sea in Malta. Rental is £300 a month and they all speak English and, while it may not be as exotic as Morocco, it's a damn sight more practical.

There are 10,000 vacant rental properties here.

Originally Posted by sbira

Hi All,

I am trading for my own (spreadbetting) since I left the bank industry four months ago. I am thinking of setting up a dealing room in Morocco and enjoy the weather and the country there i/o staying in the gloomy london.

Project:
1- To have a fully equipped and professionnal dealing room (large desks with PCs, screens, telephone, internet, IT support, bloom/reuters if required, TV with news, kitchenette...)
2- Propose to local banks and clients analysis/training on different markets (FX, commodities...) and instruments (derivatives...). The market is huge for these services as all local clients rely on brokers and IBs information.
Advantages:
1- 1400£/month is more than enough to have a 100 to 120 m2 flat, a lease of a new car, top food and all expenses in Casablanca.
2- The lease of a trading desk will cost much less than 1000£/month compared to 3000£/month in london for the same quality standard.
3- Daily flights to all european capitals (Casablanca - London in 3hours)
4- Best life quality (weather, food, beach, nature...)
Requirements:
To begin, I would need at least 10 permanent members/partners for the project. We can then think of extensions and other services.

If you are interested in this project, please let me know. Here is my personnal email:
t2w.morocco@googlemail.com

Thanks

Originally Posted by £10kLoser

The Internet in Malta is excellent - I have a 10Mb cable connection along with cable TV (plenty of English programs and a movie channel). The telephone co. ADSL is unreliable but cable is fine and reasonably priced.

Of course, the falling pound has eroded value and several people here on a fixed retirement income have been forced to return to the UK but it's still no more expensive than the UK but with great weather and a carefree lifesyle. My rental is now £400 a month but rental prices have fallen slightly now and you can rent from £250 a month easily.

When I went to bed at 1:00 am last night, it was 16C and although it's a really grey windy morning, it's still 15C and, at the weekend, I was eating outside in shirtsleeves and the crazy tourists were wearing shorts.

Originally Posted by raf_owc

hi sbira,

Although you posted this 4 years ago, I was wondering if you managed to set anything up yet?

What you have suggested there is exactly something I am planning to do: a trading floor based in Morocco, while the mother company servicing customers based in London.

Please do get back to me if you're interested on taking it further.

Looking forward to your email.

Best regards,
Taha