Is this a good rate/payout schedule?

Discussion in 'Prop Firms' started by PTG110, Feb 12, 2009.

  1. Big difference, now it's 5times more expensive then what I thought. Deal not so great anymore.
     
    #11     Feb 13, 2009
  2. I trade around 8-10M a month, but I'm wondering about the "gross req" situation, does that mean Net PNL monthly or just "gross profit without ecn's and fees" ?
     
    #12     Feb 13, 2009
  3. PTG110

    PTG110

    Gross amount before any costs.

    I personally average about 3-6 million shares per month, with a gross of 8 - 15k. I would obviously fall into the 90/10 deal. That being said I would be saving myself about $10,000 - $15,000 a month just in commission costs. This seems like a great deal am i wrong?

    Payout: 50/50
    Rate: .20 cents per 1000 shares
    Minimum volume req: 500,000
    Minimum gross req: $2,600
    (min vol and gross combined)

    Payout: 75/25
    .20 cents per 1000 shares
    Minimum volume req: 2 million
    Minimum gross req: $5,200
    (min vol and gross combined)

    Payout: 90/10
    Rate .20 cents per 1000 shares
    Minimum volume req: 3 million
    Minimum gross req: $11,000
    (min vol and gross combined)

    Payout: 99/1
    Rate: 1.00 per 1000 shares
    Minimum volume req: 5 million
    Minimum gross req: $26,000
    (min vol and gross combined)
     
    #13     Feb 13, 2009
  4. tomu

    tomu

    But wait if you do 5 million shares but only make $8k then you didn't meet the $11k minimum so you would only get the 75% payout not the 90%?


    Payout: 50/50
    Rate: .20 cents per 1000 shares
    Minimum volume req: 500,000
    Minimum gross req: $2,600
    (min vol and gross combined)


    Does this mean if you only do 400k shares but make $100k you only get a 50% payout?
     
    #14     Feb 13, 2009
  5. If that was the case, on the last day of the month you flip 4.6 million shares of SIRI or CHTR. You would lose a few thousand in slippage and commissions, but you would make 49% more on your $100k P&L.
     
    #15     Feb 13, 2009
  6. Exactly. And that makes the structure seem pretty weird to me.
     
    #16     Feb 13, 2009
  7. Altec55

    Altec55

    I believe this is what Keystone was offering to traders or groups. I went to their seminar seemed like the same exact structure, just wasn't impressed with their high cost training fees.
     
    #17     Feb 25, 2009
  8. quantinator

    quantinator Guest

    I does not make much sense to me. You might as well get a good ticket deal or a .003 100 % po no platform deal.
     
    #18     Feb 27, 2009
  9. Sounds like WTS Prop Trading.
     
    #19     Feb 28, 2009
  10. What's considered a good payout at a prop firm where you have to put money down?
     
    #20     Apr 15, 2009