Can't for a minute believe the loyalty payment is true, if it has been confirmed then the traders would have been told. Also, Marathon 'f*****g loving' the company was a quoye from management. So believe what you want.
Agreed on the loyalty payment, are you telling me that any company are going to give a trader £1500 just becasue they have been with them for over a year. If a trader is down in his account and owes the company money, the management are not going to give him a £1500 bonus because he has been there for over 12 months. COMPLETE RUBBISH!!!
LoL...so funny to see my name on this website...especially considering i log on about once every couple months. yeah..i'm basically one of 3 people still at RTS, been there everyday this week cleaning up the mess, returning phone calls & helping some of the guys w/ their resumes & pointing them toward some good places to trade at. more or less doing the job that someone who gets paid ALOT more than me should be doing-->INTEGRITY...karma's a bitch & for those of you that know what/who i am referring too probably understand that its a small industry & it will eventually bite u in the ass. anyway, Man is "passing on the operation" or at least thats what the unofficial word is, it has been difficult to get straight answers as, i think, Man has much bigger issues than RTS to deal with. I have been trying to get in touch with the people that i recently interviewed for trading jobs--> sorry i have not contacted you DJ, i could not find a copy of your resume, one of the other guys had it & his office has been cleaned out. anyway, gimme a call if you have any questions...312.420.2535 any of you "kinda X-RTS" traders need references let me know as well. e
I trade interest rate futures for a futures prop and I was wondering what the advantages or disadvantages are of being W9'd by the firm as opposed to being 1099. Thanks
The only advantage to being W'd by your firm is that you can receive health benefits, which is nice for a rookie trader, that along w/ paying member rates for CME products. If you are not on your compnay's payroll as a prop trader you are not eligible for member rates, unless you have a CME membership. Outside of that your best off being 1099'd if you make good money. The tax benefits are far better...in my opinion.
Looks like RTS (London) will be renamed to Marex Trading Services (London). www.MarexTradingServices.com