I know a guy who is on that team, they have an arbitrage model. Each trader gets 30% of what they make over the year and £25k salary. They are very aggressive traders with some of them trading up to 2000 lots at a time in the boble.
Sounds pricey to me, I had a look at the website and what they are offering looks very generic and unoriginal. On the face of it it may not look expensive but my suspicion is that a group of traders at STA have worked out a new way of making a living given how difficult the markets are getting...
I used to trade for an Arcade in the City that take on people regardless of age, they do some training too. Wouldnt hurt to try them www.pelicanwest.co.uk
I work for a trading firm that focuses on the recruitment of raw grads. We give them good training and set them up with an account trading Index futures. The split is 60% in their favour and desk fees vary from £1500 to £2300 p/m. this is the only type of trading i've done so no comparisons but...
I can tell you fastnet that ctc will ask you to put up £10k on completing a short training course in Euribor spreads. they say they also put up £10 k to make up a £20 key margin, however in reality what they are doing is more sinister: if your initial stake goes as low as £2k which isnt...
if you traded for a living you wouldnt call it an arcade, trading is a serious and difficult proffession to do full time, where did 'arcade' come from?