Hmmm we have prop firms in Singapore? :eek: Mind recommending a few? I'm considering joining a prop firm to day trade NASDAQ. Didn't know our finance sector is developed enough to have such firms here! (our finance sector is pretty screwed up lol)
Basically newcomers have to undergo 3mths training, and we trade on firm's capital. Though Singapore branch is setup not long ago, the parent company is well-established long enough in Canada. Its the 1st time they are into Asia. 2 branches were also setup in China, together with Singapore branch. Prop trading is new in Singapore. Its best to remain low-profile as I believed too much of a ho-ha may attract MAS attention. Its fully legal in Singapore, just that u know, the govt likes to "get a share of everything", and the worst if they setup restrictions here and there, u shld know what i mean. Yeah, our financial sector is screwed up! So well-regulated I have to admit, but very few get caught doing "under-table" stuff. sigh... Take care.
Hi, I cant tell u the name of the software, it can't be bought off the self from mkt, as its proprietary software developed in-house. Its much convenient to use, compared with those online local houses ones. U only get to use it when u join our company as prop trader. Rgds
Hi Bulleye, I am surprised to hear that there are prop. firms in Singapore. I am very tempted to try it out. Can you tell me about your experience ? What are the startup cost ? Is the training provided any good ? How are you doing so far ?
aya... bulleye, there r nothing secret about it... the software use is nothing special, its similar to IB with hotkey... as for their charting software, i think they use ESignal..
The singapore company does not have a website. but the parent company swifttrade is as follow: http://www.swifttrade.com/
Okkie dokkie, I guess that counts me out. By the way, what so infamous about Swift Trade? I guess that means direct access trading thru an ECN from home is still the best choice...