j****j
发帖数: 270 | 1 一起来聊聊怎样开一个prop-trading shop吧。
交流一下。。。 | a**n
发帖数: 3801 | 2 is this a joke?
【在 j****j 的大作中提到】
: 一起来聊聊怎样开一个prop-trading shop吧。
: 交流一下。。。
| G********d
发帖数: 10250 | 3 xiaxie和saob会很感兴趣的
【在 j****j 的大作中提到】
: 一起来聊聊怎样开一个prop-trading shop吧。
: 交流一下。。。
| G*****3
发帖数: 71 | 4 Seriously, it is a lot easier than you would think. There are a lot of
trading arcade and facilitator in Chicago and London like Kyte group and
Schneider trading. They will handle everything from clearing/margin to HR/IT
for you. If you want to trading manually, an TT or RTS system cost less
than 1500 pound a month. And for systematic stuff, you probably want
something more up market like Quanthouse or ORC, which will be definitely
less than 5000 pound a month. If speed is a concern, majority of these guys
will provide co location at extra cost. In term of trading capital, if you
stick with very low risk model, I have seen people being self employed in
the business with 50000 pounds. However, with good diversification, it is
not impossible to make 1 million a year with less than 500k trading capital
in the account.
The key is to have good strategy and sustainable business plan for long term
growth.... | EM
发帖数: 715 | 5 good to know, should be marked!
IT
guys
【在 G*****3 的大作中提到】
: Seriously, it is a lot easier than you would think. There are a lot of
: trading arcade and facilitator in Chicago and London like Kyte group and
: Schneider trading. They will handle everything from clearing/margin to HR/IT
: for you. If you want to trading manually, an TT or RTS system cost less
: than 1500 pound a month. And for systematic stuff, you probably want
: something more up market like Quanthouse or ORC, which will be definitely
: less than 5000 pound a month. If speed is a concern, majority of these guys
: will provide co location at extra cost. In term of trading capital, if you
: stick with very low risk model, I have seen people being self employed in
: the business with 50000 pounds. However, with good diversification, it is
| z*********r
发帖数: 298 | 6 Yea I agree, it's not that hard as most people imagine, once you are in the
business, you will know that it's definitely sth achievable. But why do you
want to do everything by yourself? There are a lot of seeding platform in
big hedge funds that will do this for you. In general, if you become a PM in
their platform for 2-3 years and have proven track record, they will help
you build your own fund, and they will help you secure investment, for at
least over 500M equity, so why bother doing everything yourself? Get your foot into the business first.
IT
guys
【在 G*****3 的大作中提到】
: Seriously, it is a lot easier than you would think. There are a lot of
: trading arcade and facilitator in Chicago and London like Kyte group and
: Schneider trading. They will handle everything from clearing/margin to HR/IT
: for you. If you want to trading manually, an TT or RTS system cost less
: than 1500 pound a month. And for systematic stuff, you probably want
: something more up market like Quanthouse or ORC, which will be definitely
: less than 5000 pound a month. If speed is a concern, majority of these guys
: will provide co location at extra cost. In term of trading capital, if you
: stick with very low risk model, I have seen people being self employed in
: the business with 50000 pounds. However, with good diversification, it is
| j****j
发帖数: 270 | 7 Thanks a lot for the above-stairs invaluable info.
But I was talking about a different business model -
the prop-trading shop where you hire a bunch of traders ...
that type of shops that are not as glorious as hedge-funds... | G*****3
发帖数: 71 | 8 A few of reasons...
First one is freedom, As far as I know, majority hedge funds have mandate to
meet. You cant go trade whatever you like. Strategy has to stick to certain
asset classes and type (mean reverting and trend etc...)
Secondly, working for someone else always give them the chance to screw you
over. I have been in the situation for so many times. Sometime, even very
reputable employer can hurt you unintentionally. The only ways out is to
have the whole thing for yourself.
Finally, some people just like the challenge! It is always good to build
your own empire. hehe
How has trading been for you btw?
the
you
in
foot into the business first.
【在 z*********r 的大作中提到】
: Yea I agree, it's not that hard as most people imagine, once you are in the
: business, you will know that it's definitely sth achievable. But why do you
: want to do everything by yourself? There are a lot of seeding platform in
: big hedge funds that will do this for you. In general, if you become a PM in
: their platform for 2-3 years and have proven track record, they will help
: you build your own fund, and they will help you secure investment, for at
: least over 500M equity, so why bother doing everything yourself? Get your foot into the business first.
:
: IT
: guys
| G*****3
发帖数: 71 | 9 The things I have talked about is all about this kind of boutique prop firm.
However, if you want to hire traders to make money for you, you need to
focus on a lot of different things. You would probably need more capital for
back their trading, but the most difficult thing is to find good traders.
There are a lot of places, where they hire a lot of graduates and only pick
the top one in the group...Also as the director of the company, you should
focus more on infrastructure, as personally, I would leave, if the company
cant support me to do what I wanna do!
【在 j****j 的大作中提到】
: Thanks a lot for the above-stairs invaluable info.
: But I was talking about a different business model -
: the prop-trading shop where you hire a bunch of traders ...
: that type of shops that are not as glorious as hedge-funds...
| z*********r
发帖数: 298 | 10 u r quite ambitious :-) I got pretty busy so I didn't go to quant board for
a long time. Last year was good, I think this year will also be a good time,
how was yours? did you figure out a way for the capacity of your strategy?
As for the discussion, it will definitely be better if you can open your own
fund without any support, but as for us foreigners first it's very hard to
secure investment, second as you said, it's hard to find good traders,
especially for quant shops because we don't communicated too much between
each other, prob because we communicate too much with the computers:-), so I
don't know, seeding out from a majoy HF seems to be good choice for me,
take World Quant for example, we had some discussion about it last year, it
was seeded out from MLP, but it works just fine as many other independent
quant shops.
But this is an interesting topic, and it definitely worth a detailed discuss
.
BTW, how is market in London, r u still in there?
to
certain
you
【在 G*****3 的大作中提到】
: A few of reasons...
: First one is freedom, As far as I know, majority hedge funds have mandate to
: meet. You cant go trade whatever you like. Strategy has to stick to certain
: asset classes and type (mean reverting and trend etc...)
: Secondly, working for someone else always give them the chance to screw you
: over. I have been in the situation for so many times. Sometime, even very
: reputable employer can hurt you unintentionally. The only ways out is to
: have the whole thing for yourself.
: Finally, some people just like the challenge! It is always good to build
: your own empire. hehe
| | | n****e
发帖数: 2401 | | EM
发帖数: 715 | 12 自己开店risk也大阿
【在 n****e 的大作中提到】
: 自己开店，是发财致富的不二法门。
| h*******7
发帖数: 1481 | 13 我以前考虑过从国内找客户/资金，先从小的Fund做起。国内现在很多有钱人都有投资
美国市场的需求。自己搞的话，最大的好处是时间自由，想呆在哪儿就呆在哪儿，只要
有电脑和Intenet，就能Trade。另外产品配置自由，不像在大银行，Asset Class 分得
很细。
后来还是放弃了，觉得自己搞太操心，还是给银行做轻松。再说公司的Capital 来得容
易，只要业绩好。几个Million USD的Capital对大银行来说根本无所谓。 自己去国内找投资人，几个Million USD也不容易。
【在 j****j 的大作中提到】
: 一起来聊聊怎样开一个prop-trading shop吧。
: 交流一下。。。
| j*a
发帖数: 14423 | 14 网络方面我来弄
【在 j****j 的大作中提到】
: 一起来聊聊怎样开一个prop-trading shop吧。
: 交流一下。。。
| h*y
发帖数: 1289 | 15 舍不得孩子套不着狼
【在 EM 的大作中提到】
: 自己开店risk也大阿
| s***e
发帖数: 267 | 16 Thanks for the information!
IT
guys
【在 G*****3 的大作中提到】
: Seriously, it is a lot easier than you would think. There are a lot of
: trading arcade and facilitator in Chicago and London like Kyte group and
: Schneider trading. They will handle everything from clearing/margin to HR/IT
: for you. If you want to trading manually, an TT or RTS system cost less
: than 1500 pound a month. And for systematic stuff, you probably want
: something more up market like Quanthouse or ORC, which will be definitely
: less than 5000 pound a month. If speed is a concern, majority of these guys
: will provide co location at extra cost. In term of trading capital, if you
: stick with very low risk model, I have seen people being self employed in
: the business with 50000 pounds. However, with good diversification, it is
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