I have been doing my day job today, so no. In any event the answer that i gave in #16 is it, thanks
There is a difference in those who are sponsored by Futex and those who pay Futex Investment and Trading Academy ( FITA ) directly. Futex still however have to pay FITA for the training that FITA does. The difference when Futex pay is that the sponsored trainee does not bear this cost, Futex does.
FITA is a separately owned company with a separate set of Directors and shareholders (although there is a crossover). This can be checked out at Companies House for those who doubt.
Sounds like a good tax saving scheme.
Its no secret that an aptitude and genuine interest in trading is what is required. If you have that we aim confirm it and then to nurture it. If you do not, we try to find that out, and would let you know. So, it is that simple.I'm a recent graduate and am interested in applying for the Futex Scholarship. Can you offer any advice on what you look for in applicants to the programme, or how best to prepare myself for it?
Hello,
I have a few questions I'd like to ask:
i) Are Futex traders taught how to trade using market depth and time and sales?
ii) Have you noticed any positive/negative affects of HFT algos on the markets that you trade? And has this had any impact on your trading edge?
Thanks in advance.
Currently, most training takes place at our City Offfice in Bouverie Street. You may be required to trade from either City or Woking. It would ultimately depend upon a discussion with Futex Investment and Trading Academy at the appropriate time.I am considering applying to your graduate program. If I would get accepted, will I be stationed in Woking for 3 + 2 months?
Futex back people on a Joint Venture or Partnership Agreement. If you feel you can benefit from Futex environment, together with (what I assume would be) a masive increase in trading size, then it is really up to you to speak to Futex. If Futex believe in you, they will back you.If someone is already profitable, but needs backing, can they just show records,past account performance etc and get backed without having to under-go training?
With regards to woking location - what/who decides where which trader gets to stay where?
Training courses for around 8 to 10 people run approximately once a quarter. The dynamic of where that happens is complex and is dependent upon the whole group rather than the individual. So it may be from either City or Woking. Or, it is possble the group may be required to work for extended time periods from either location. As far as being sponsored by Futex, Futex would expect their trainee to be completely willing to work from either.
Is the london desk reserved for more senior traders or simply for those willing to pay a higher desk fee?
No, but it costs more to trade in London, due to higher rents and rates
This is coming from someone who is not concerned about the extra costs incurred from working in London, but rather the convenience of living very close to the location is often a an extremely positive psychological factor which could affect my trading
In my experience I expect the Board of Directors would not financially back someone who has the personality trait that was as psychologically fickle as you describe. They would see that as lacking in determination and frankly are like to view it as warning sign that the person was fundamentally lazy!
edit: also whats the desk fees like? Do they slowly increase? Full details if possible![]()