options market making, seed capital

Pick a city, NY, Chicago, Philly or SF. Move there. Hedge your overhead costs and go to town. I got news for ya, if you don't have enough edge to make money for a Cutler or a Peak6, you sure as hell don't have enough edge to overcome 12k a month in overhead at a minimum.

 

I did get an offer from a MM firm (ex traders from the company I used worked for) but I think I can make more for myself as an independent trader.

Obviously I run the risk of not making any money or not enough to cover my costs but, it is something I want to try.

 

Are there any other companies that offer a partnership model like the Cutler Group?

 

Sure. Cassandra. Consolidated.

 

Thanks.

I think I will contact them. Does Cassandra have a website?

 

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=34282199

This is all I saw.

 

Cassandra doesn't seem to trade options from the short description on the business-week snapshot and their website is down. I'll try calling them again later.

Consolidated said they do not work in partnership with traders. They only hire employees.

I would appreciate any info on potential backers (or leverage providers like Cutler) for option (whether on stocks or futures) market makers.

Thanks in advance

 

Cassandra is a JBO. They are market makers. That is their business.

 

How long ago were you a MM?

 

a few years