Recent content by Parky

I have worked in the City since the 1980's and started at a traditional commodities trading house. Been through the usual route, big banks, trading floors etc. Since 2003 I have worked at a trading facilitation company (which in the old "Wild West" days would have been called a trading arcade)...

gi trader, I agree with you but...there were companies, I have no idea if they are still doing this as it was a while ago...who would allow traders to trade directly onto the Derivatives markets and then, post trade, convert this into a CFD or spread trade, for the sole purpose of tax avoidance...

Sharky, I am surprised you found 13. For good orders sake Xconnect has moved. Address: 6th Floor, Basildon House, 7 – 11 Moorgate, London, EC2R 6AF Website: http://www.xconnectgroup.com

is is the "own broker" element that will cause the problems. Most of the trading rooms in the City offer Clearing and settlement as part of the package. Just renting a "Desk" is not interesting to them.

https://towertradinggroup.com/ https://xconnectgroup.com/ https://www.ostc.com/

Trader 333 appreciated it was a bad example. But the tax advice is varied and subjective. There are very few people who make a living from Spreadbetting which means it is low priority for HMRC. We all seem to agree that nobody should be able to make a living in the UK Tax free regardless of how...

And there is the conundrum, if your principal income is from your spreadbetting and that is paying the mortgage etc Then you are earning your living from your spreadbetting. As we agree nobody can earn a living in the Uk tax free so.... As for no reported case of a spreadbetter being charged...

Oh boy, there are so many opinions and threads on that. Spreadbetting is tax free BUT, if that is your principal source of income then there is a strong opinion that your income is taxable. This was fuelled by a very old and oft mentioned comment from an MP who when asked about this stated that...

With regards to P&L splits you should look carefully at the alternatives, assuming you are self funding. If the clearing entity you are looking at is not taking any market risk then they should not expect a share in the P&L. How then do such companies make money? Simple clearing commission and a...

Try Xconnect, they are in Moorgate, have been going since 2003 and they suport traders, trading group and brokers. PM for contact details if required.

I think the consensus here is spot on. A trader that cannot fund himself would by definition not be a good trader. Likewise with those that get you to pay for "training course" at the end of which you are given a worthless piece of paper. if you are any good those companies offering training...

The list is ancient, in so far as when the list was updated in 2018 the dead wood that already existed was not removed. Algo's killed a great number of the Prop Shops and others just melted away. Some like Schnieder were taken over.

Hello everyone, I am Sparky and I have been working in the City since the 1980s. I started at a large Commodities clearing company which went on to be a founder member of the LIFFE exchange. Having worked at big banks institutions during the 1990's a group of us decided to go it alone and...

Yes but it is chicken and Egg. If you are a successful trader, with a proven live trading model, then you can get leverage funding which would enable you to take your trading to the next level. But most professional trading groups will expect you to have some skin in the game. If you are a...

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