Recent content by Maverick74

Do a search on top. There are several threads dedicated entirely to Futex and the interview process. Good luck.

Not thousands, but sure, plenty of prop firms in Chicago. I was not just asking for me, but I know a few others that are interested in going over there to trade for a few years just to try something different. That's one of the nice things about trading, being able to do it from anywhere in...

How hard is it for an American who moves to London to get a workers permit so he can either trade for a firm or an arcade? Is that something the firm would take care of? I know there is also something called HSMP which is like a self employed workers permit. How hard is that to get? TIA

I have to agree with Parky here. I live in the US and run a regional office for my firm and being here in Chicago, the capital of prop shop land for futures, I can tell you no such deal exists. In fact, even if you do put up money and have a terrific 5 year track record, the odds of you...

It looks like I might be wrong about that us tax id issue. Apparently if you are a UK resident you can fill out a Form W-8BEN. I will try to verify that.

Yes, I agree. It's the same problem here in the US. Very few firms have the risk management in place to manage the risk of option traders. We clear through Pax which is owned by Merril Pro and we have no such issues. We also have a great risk management team and terrific software to manage...

I will look into LiquidCapital. I think our firm offers a very unique model in that not only do we trade all the worlds markets, not only do we use 12 different front end platforms, not only do we focus on options and long term trading, but the assistance we offer to help traders start hedge...

So far, all the e-mails I have received from traders in London tell me there is a huge opportunity for a firm like ours. What I would like to do is start getting traders to trade remotely from London. Then, one of our guys from our Chicago office is planning to move to London next year. We...

Yes, but you need to become a member of the PCX and get a series 7 license. Then you will be a professional trader. It's later over here. I'll answer any any more questions you have later this afternoon for you. Cheers.

Well aside from the no cancel fees and being able to bid and offer on the same strikes, the biggest advantage are the risk-based haircuts. This is huge! This is a night and day difference. A risk based haircut means you are only putting up risk capital, not notional value like in a margin...

All the exchanges charge cancel fees for retail traders. One of the benefits of being a profesional trader is no cancel fees and you can bid and offer at the same time on the same strike. That's also not allowed for retail traders. So pull all the orders you want.

Actually, we really need to update our web site. We actually have about 12 total platforms. For options trading we have about 7. We use Preferred, Brisk (pax clearing product), ML Pro (Merril product), Liquid, Tradespeed, NCompass (product we built in house), and Microhedge. We really have...

Yes we do. www.vtradergroup.com

Well, to start, I would like to find guys that are currently trading options and want to take their trading to a higher level. The idea would be to take marginally profitable traders, get them to become more consistent and less volatile, give them risk based haircuts to extend their capital...

I'm a market neutral trader. I trade primarily volatility (both implied and spot) and soft deltas. Well, we could bring electronic access to US equity and index options as well as access to European and Asian markets, both electronic and broker access.