Proprietary Trader Split

Discussion in 'Professional Trading' started by Rudy2001, Oct 20, 2010.

  1. Rudy2001


    Any one know what the highest split that a trader can get legally from it's clearing firm. And what is the difference between Class A,B,C and D when pertaining to the amount allowable by the IRS.

    Thanks for any help
  2. A true prop firm will pay a base and you trade their money. like First New York Securities.

    If you wondering about a professional trading organization like Bright trading for example (S7 needed, clean u4, use of leverage) which I assume you are; several "professional firms" offer 100% payout. Check out the prop firm board for more information about what firms have for payouts.

    Class B members are what most traders are in the LLC model. So chances are your paperwork will have under a "class b" member. Typically the Class A member is the principle, head of the firm, largest investor etc