A dealing room in Morocco

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sbira

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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:
[email protected]

Thanks
 
£3000 a month for a trading desk in London? Where have you been trading, Buckingham Palace?
 
I think that's a cool idea. Somewhere chilled out, on the Med, and with a nice lax taxation regime would do me nicely; all you'd need to do is take along your big wad of cash and a proven trading strategy. Actually, Casablanca is not on the Med, and come to think of it, I don't think it's that chilled out either is it? How about Malta? Or Turkey?
 
I am from Morocco and Casablanca was just an example. We can think of a city in the mediteranean coast like Tangier for example. And why Morocco? because many multinationals and funds (mainly from GCC) are now set up in morocco and need capital markets advice from professionnals and you can bill whatever you want. I met last week with two GCC funds with average $700 millions capital that want to invest in commodities/FX and need professionnals
 
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.
 
£10kLoser said:
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.
Click to expand...

300 GBP a month? That's pretty good, have any links?
 
£10kLoser said:
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.
Click to expand...

£10kLoser said:
My personal website Malta - Home of John Campbell and for rental properties www.dhalialetting.com
Click to expand...

Thanks mate
 
£10kLoser said:
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.
Click to expand...

Just looked on the rental site you posted a link to, why are the so many rental properties available at such good value? Is Malta just off the radar for tourists these days, flights difficult to get cheap?
 
Holy **** if it's three hundred quid a month to rent might as well buy one as a holiday home unseen... What's the catch?
 
arabianights said:
Holy **** if it's three hundred quid a month to rent might as well buy one as a holiday home unseen... What's the catch?
Click to expand...

Almost a third of the main island is urban, there's no wildlife because the locals shoot everything, and there's frankly not very much to do apart from eat and sit on the beach (it has the highest rate of obesity in Europe). It does have some amazing archaeological sites, but you can see those in a day or two.
 
arabianights said:
Holy **** if it's three hundred quid a month to rent might as well buy one as a holiday home unseen... What's the catch?
Click to expand...

Have you seen what you can get for around a 1,000 euros a month?:-0 Strange thing is same units costs 400,000+ to buy.
 
Arbu said:
Almost a third of the main island is urban, there's no wildlife because the locals shoot everything, and there's frankly not very much to do apart from eat and sit on the beach (it has the highest rate of obesity in Europe). It does have some amazing archaeological sites, but you can see those in a day or two.
Click to expand...

...and the indigenous females of the mini archipelago? :sneaky: Go on, ruin the dream...
 
Internet standard

£10kLoser said:
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.
Click to expand...

Hey was reading the details there about malta, my trading computer is placed in a prop house in london but i have never traded there, i a working on remote desktop from dublin and limerick in ireland over the last year or so. But was wondering if i could do the same from there is the internet of good quality and reliable, cause if it is it is definately worth considering?
 
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.
 
sbira said:
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:
[email protected]

Thanks
Click to expand...

Are you having a laugh M8 :) :cheesy::clap:
 
£10kLoser said:
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.
Click to expand...

Cheers for that 10£ dont mind me asking if you are trading from a eurex direct line or from a standard internet connection, but sounds pretty chilled over there and could do with a bit of sun, its been raining for the past year here in ireland
 
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