Trader Contracts for large prop firms

Discussion in 'Professional Trading' started by natkins, Jan 15, 2010.

  1. natkins



    I've been a senior market maker with a decent prop shop for a long time and but I am looking to move ship.

    I've little experience with contracts so wondered if anyone could advise of their experience at top prop firms ( but not really at arcades)?

    How long are fixed percentage bonuses delayed (if at all) eg 0 months, 3 months, 6 months etc?

    How long are restrictive covenants for going to a competitor?

    How negotiable are they?

    I've heard places where bonuses annual but paid 6 months in arrears and you lose it if you leave, plus then 6 months held out the market. So you'd be without pay for a year if you evere left!? (other than a basic salary for 6 months). Sounds harsh to me?!
  2. nevets


    I have had contacts with difft firms if u want ti discuss further email me I can give u some ideas
  3. Surdo


    You are obviously not too internet savy for posting your email address on a public forum!