Liquid Capital or Liquid Trading?

[Black Swan]

Are they one in the same firm or does the much smaller outfit (Liquid Trading) have a deliberately confusing name? Long time since I've visited a website that looks as though Sonny Crockett designed it with his Ray Bans still on...

http://www.liquidtrading.co.uk/

 

[Jaydee]

Can't say for certain but they look like separate firms. Liquid Capital is an Oz based Options Market Making firm. Liquid Trading looks more like a firm which provides market access, support, IT and operations to market participants - they seem like a prop trading services company from their website .

 

[Black Swan]

Can't say for certain but they look like separate firms. Liquid Capital is an Oz based Options Market Making firm. Liquid Trading looks more like a firm which provides market access, support, IT and operations to market participants - they seem like a prop trading services company from their website .

if you were to work at a prop Co.'s desk (using your own cash) what questions would you ask and what (right) answers would you be looking for? TIA

 

[Jaydee]

I think the main focus of my questions would be based on costs, infrastructure and reliability.

Obviously, if I was a high frequency algo guy, I'd be looking for low latency and redundancy options. I have no experience in this type of trading though, so I'd be looking into the costs per trade/RT and desk fees.

Trading LSE equities, £1.20 - 1.60 per filled transaction + exchange fee for aggressor charges is reasonable for prop firm. I am not so sure about futures but, from what I've heard, around £0.50 per round turn is relatively good for a high volume scalper (most retail firms charge around £5 per RT). However, these prices are for if you are backed by the house - I'm not sure if the charges would come down if you risk your own cash.

Regarding a desk and trading setup - anything from £1500 - £3000 per month is about right depending on the use of TT/RTS or other trading software, Reuters/Bloomberg info terminals, CQG charting, Squawk, etc.