Prop for the Event-Driven Arbitrageur

Discussion in 'Prop Firms' started by JamesBonds, Mar 14, 2009.

  1. What prop firms would be a good fit for someone practicing what might broadly be referred to as event-driven arbitrage? (For purposes of discussion, you may suppose the strategy is merger arb.) In other words, my strategy requires holding large hedged positions for an intermediate fixed period of time (known in advance), say on the order of six months.

    Bright is the one firm I am aware of who has discussed having traders running this type of strategy, but he is quite expensive. Echotrade sounds like it might also be an option.

    What others are there?

    Primary requirements:
    1. Very good, inexpensive overnight leverage (and a risk manager comfortable with my positions).
    2. Remote.
    3. Low desk/software/whatever fees. (Paying ~$400/month with a $25k account is insane.)
    4. No required training period.
  2. NKNY


    Hi James, any luck in the overnight department..?