Equity Day Traders

Discussion in 'Prop Firms' started by billyboy77, Mar 30, 2011.

  1. Hi, I currently have a small futures group in Chicago, but was looking to expand into equities. Could someone fill me in on some of the requirements and types of deals that are normally offered to guys at prop shops? Thanks, I'm curious as to the following:

    1) What type of capital is required to open an account with a legit clearing firm and what type of commission do they charge, assuming we start trading good volume?
    2) Does network speed/bandwidth matter significantly?
    3) What are normal desk fees and software fees that a trader usually has when joining a group?
    4) What type of split does a trader start with and then how quickly do they normally earn an uptick?

    Thanks to anyone taking a little time to answer these.