The first part of our guide on how to set up a proprietary trading business
Born out of the pits of Liffe and the Chicago exchanges, the
proprietary trading business has undergone a transformation
over the past 15 years. Once seen as the Wild West of the
trading world with a reputation to suit, the prop business
today is professional, sophisticated and for the right person,
offers the potential for a long and lucrative career.
This guide serves as an introduction to the mechanics of
proprietary trading. It is intended to give anyone interested
in getting into the business the key information they need to
get started. This is not about how to trade, but how to get
your systems and infrastructure in place from the basic legal
requirements to starting to trade on day one.
The proprietary trading business varies across the globe and
many terms are used interchangeably to describe different
concepts. This guide is focused on the London and European
market and certain sections will apply to that market
exclusively. Others will be universally applicable.
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