Say you would like to start a firm with some trading buddies, just an office to trade and a dozen workstation some of which you rent to newbies that you train. How much capital would be appropriate? Would $500K or 1 million enough assuming you trade futures? Assuming most of the traders will not be daytraders (you hold multiday positions). No need to pay top dollar for connections and software. What montly expenses are we looking at? What about regulatory issues in the US and the UK?