I'm looking for a company that will provide the capital, or give a better payout if I put in some of my own. I have 6 years of experience as a UST options market maker with different firms in the Chicago area and looking to go solo. Any names of companies I can contact would be much appreciated.
Low latency isn't a huge deal with the options. I use OptionsCity software and they handle all of the server hosting issues. The only infrastructure I would need would be my workstation/desk, which can easily be rented down at the CBOT.
Do you need to carry positions, and if so how much capital in terms of initial and maintenance margin would you need ?
Yeah with options you do always carry a position. Most nights my margin maintenance is ~50K, but can spike to 150K-200K when a serial month is approaching expiration.
I ask because as you likely know, how much capital you require dictates what kind of firm is likely to be interested. Probably not a prop firm but more of a private equity kind of firm. What about DRW ?