Avoid the common legal pitfalls when setting up in proprietary trading
Getting the legal basics right when starting out is essential
to any new business but the stakes are even higher for
proprietary trading businesses and no matter how good your
strategies, legal mistakes could sink your new venture.
For graduates getting into the business, legal issues will be
handled by the firm you are training with so the main thing is
to ensure it is a reputable firm that you are joining. For
those individuals looking to set up on their own, meeting your
legal obligations from the outset is essential.
For any traders working within a related organisation, the
first thing to do is to establish the existing legal and
contractual obligations to the current employer, including
non-competes and non-solicitation covenants and make sure you
donâ€™t draft or quantify strategies or speak
to others about a new venture in breach of those
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