Would You Like To Trade From An Office

TBS

Well-known member
385 0
BBB said:
TBS - Why are you so fond of Kyte?

When I was thinking of trading in an arcade, I just found them to be rude, arrogant and cheap in what they provided - seems they just wanted to cut corners everywhere.

I have dealt with Kyte for about 4 years, had no problems with them - certainly not the sort of thing you mention, but then I wasn't looking to trade from their premises.

I also have high regard for the way in which David Kyte runs his business - however, that wouldn't stop me switching brokerage if the desk didn't perform.
 

TBS

Well-known member
385 0
herbie14 said:
ill check with them but £500 is still 40% cheaper...

Agreed, but your £500 didn't include phones (for instance) so its worth doing a detailed comparason, plus you are looking to build volume to reduce fees - these guys already have it.

FWIW:

Kyte - Adam Musikant - 0207 390 7777

Schneider - Patric de Gentile-Williams - 0207 664 4245

You may well have found a better deal, but surely worth a couple of phone calls and a days meetings to check.
 

herbie14

Junior member
48 0
thanks for the contacts, although yes i do want to set up my own 'small' trading shop for a select few people who can trade all different instruments rather than going to an arcade which mainly looks to trade futures or options.....
 

anmolway

Active member
249 1
herbie14,

what is an arcade please?
 

anmolway

Active member
249 1
Thanks Herbie14, that was really interesting. When I bought the trendsignal system two weeks ago they mentioned setting up an arcade with £50K, but i wasn't sure at the time what it meant.

Seems interesting, I wonder if you know of any other arcade players.

Thanks
 

anmolway

Active member
249 1
The way trendsignal people said to me was that each trader trades from there home. A trade is placed over the microphone, they palce the trade and put a stop loss also. Seems slightly different to the normal arcade mentioned.

Probably won't go into it, considering it is a long contract, but it would be interesting to know how many other traders are doing a similar sort of thing - looks to be many since it takes p between 30-60% of volume
 

donaldduke

Experienced member
1,665 257
The refco article says these Arcade guys each do upto 5000
roundtrips a day... Thats pretty intense.. more like a rapid
fire video game than trading..
 

BBB

Experienced member
1,071 3
DD - They're spread monkey's, thats why. Akin to the locals of yester year. Indeed, many locals have gone to the arcades to continue trading the spread/making markets in arcades. Can't really do that at home unless you want to pay for 2MB line lease every year - which is what you need. Forget DSL.
 

JTrader

Guest
5,741 506
Personally I prefer the spare bedroom. It enables me to stay in bed until ten minutes before I start work!
 

TBS

Well-known member
385 0
donaldduke said:
The refco article says these Arcade guys each do upto 5000
roundtrips a day... Thats pretty intense.. more like a rapid
fire video game than trading..

Usual journalistic rubbish - sure there may well be the odd person doing this, but generaly very few and far between. It certainly isn't a pre-requisite for trading from an arcade!
 
 
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