Trading Bureaux / Arcades

Hi all

Although an experienced trader, I am new to this Trading Bureau concept & have a couple of simple questions. If I put down the 20K that they request upfront, say, when I start trading, whose money am I actually trading with, mine or theirs ? Through whose trading account, mine or theirs ? Is the 20K merely to cover the costs of my seat and /or losses ? All details on how this works would be appreciated before I start talking to these guys.

TIA
rog1111

You are trading your 20k, thru your trading acc.

The desk costs are for your acc. [not a seat ]

out of interest i am thinking of starting an office in the city in london, you would need to back yourself but any profit is 100% yours you just pay to hire the office space and pc/desk etc, is this something you may be interested in?

So the only real advantages are better connectivity in some cases, eg to LIFFE, lower commissions, knowledgeable people around (hopefully) and maybe training, although presumably this will often be extra ?

Thanks
rog1111

Herbie, yes I'd love to work in an office rather than from home. Are you planning on having any faster connections than ADSL/broadband ? I'd prefer Sussex by the Sea !

rog1111

dependant on costs either 2mb braodband or if people were willing to pay more a leased line can be considered

LOL this is a brokerage firm where you will be trading your own account, you give them money so you will trade your money

Can you recommend a decent prop firm for a newbie, I'm familiar with all the names but I would like someone with experience to advise me?

I'd be putting up my own cash and would need training etc. looking to trade futures on TT