Australian (ASX) Stock Market Forum

Prop Shops in Australia

Jump to new
Hey guys just a warning on what looks to be a very dubious lot. TCA Markets seems to be looking for traders in Oz to join their remote traineeship. Only cost £3995!! If you are tempted do a google search and read all the bad stories.

It's not traditional prop at best but probably its even worst than that. Be careful.
 
Trembling Hand said:
Hey guys just a warning on what looks to be a very dubious lot. TCA Markets seems to be looking for traders in Oz to join their remote traineeship. Only cost £3995!! If you are tempted do a google search and read all the bad stories.

It's not traditional prop at best but probably its even worst than that. Be careful.
Click to expand...

so where do i give my credit card details :):)
 
was thinking..
tibra, liquid, transmarket - when they are making markets in options where is their edge coming from?

the intuition they develop on top of technical skills and the theoretical understanding. do they also have a price ladder with access to order flow (similar to DOM) ? what do they watch all day when adjusting their offers and bids for whatever product they are trading?

I'm talking about new traders here who have just begun on one product...


btw here is a pic of the TCA markets team (taken from their site):
pics.gif



You know its dodgy when there are random people on the site who look totally unrelated to what is being advertised.
 
RobinHood said:
was thinking..
tibra, liquid, transmarket - when they are making markets in options where is their edge coming from?
Click to expand...

Tibra's edge comes from their popped collars.

As for liquid, I always thought they had some kind of mathematical edge, they say they have been very profitable throughout the gfc.
check out their website, their traders have 22in screens turned in their side, and if you zoom in, it looks like they are watching dom. No price charts here.

And i dunno about trans
 
RobinHood said:
btw here is a pic of the TCA markets team (taken from their site):
pics.gif



You know its dodgy when there are random people on the site who look totally unrelated to what is being advertised.
Click to expand...

Here is the guy

istockphoto_5639863_baby_boomer_business_man.jpg


He is an actor, and this picture has been filed under "baby boomer business man".

and here is the girl
istockphoto_4819641-business-woman-portrait.jpg


She is, "business woman portrait"
 
Not sure where to put this question but thought worth trying here...

rossw said:
are you sure they're XJO options?

there are 2 types of index options in australia.. the XJO's and the AP's
XJO's are on the ASX and based on the XJO index
AP's are on the SFE and are based on the SPI

it was more of a difference when ASX and the SFE were not one company
(that's why there's LEPO's as well. so that you could hedge an ASX option with an ASX product rather than using the futures contract)



and yes, this is probably a little off topic and doesn't really answer your question.....
Click to expand...

I have been going back through some older threads which I missed last year and found this post:

I thought MMs also used the SPI to hedge XJO ETOs. If they are hedging with the index - how does that work? Lepos seem pretty illiquid for MMs to use as a hedge.
eg today there is a fair bit of XJO call volume (approx 4000) but only 20 lots on the March09 lepo. There is no further activity in lepos up to June09 in XJO. Admittedly, some of the XJO option activity today would be rollover, but it doesn't account for all of it.

Not sure if Rossw is still around - if not, can any one else help me out? :)
 
Went to the uni careers fair today and Optiver weren't there. They were there this time last year, so i dunno if its an indication of the economic climate, or if they have enough workers... or both
 
prawn_86 said:
Went to the uni careers fair today and Optiver weren't there. They were there this time last year, so i dunno if its an indication of the economic climate, or if they have enough workers... or both
Click to expand...

I think we have one at UTS soon, think Liquid will be there
 
Unsw will be having its career fair on the 25th of March and I know 100% Optiver will be there. I think Liquid Capital may also !
 
Obviously they are cutting back their travel budgets then. Would be interested to see if they go to Perth...
 
rossw said:
i pop by from time to time
whats up?
Click to expand...

Thought you had gone! Yeah, just a quick query on XJO options if you don't mind :)

Do you know if the Aus MMs hedge them with the SPI?
If not, do you mind explaining how they are they hedged?

I always thought they were hedged with the SPI - am I wrong?
 
been busy with work so hadnt been on here for a couple of weks

lepos or spi, same thing really
lepos only exist from when asx and sfe were different companies
 
rossw said:
been busy with work so hadnt been on here for a couple of weks

lepos or spi, same thing really
lepos only exist from when asx and sfe were different companies
Click to expand...

No worries!

Perhaps the same thing technically, but spi would win hands down on liquidity. Only 20 June XJO index lepos traded today (as I type) - nothing in April and May. And yet hundreds of XJO index options traded. Wouldn't market makers need better liquidity and tighter spreads than offered by index lepos... :confused:
 
prawn_86 said:
Went to the uni careers fair today and Optiver weren't there. They were there this time last year, so i dunno if its an indication of the economic climate, or if they have enough workers... or both
Click to expand...

Optiver will be at the careers fair in Canberra in a few weeks time, in fact, they are actually giving out free T.shirts. Part of a promotion they are doing with winning a trip...

On another slighly related note, is anyone going to play the tradingplaces game this year?
 
Optiver was at my careers fair on Wed, basically they have a competition running where you can win a trip round the world for you and a friend. However the comp is not random, i think it was based on if you passed their barrier test.

Liquid Capital was there also, they got students involved in a mock open outcry market amongst one another. Prizes included 1st=iphone, 2nd= nintendo wii and 3rd=ipod

And as for Trading Places, yes I think I'ii be registering for a bit of fun!
 

Similar threads

Vitallion
Prop firm funding program for Aussie indicies
Replies
2
Views
353
Vitallion
Vitallion
Dona Ferentes
The role of Private Equity
Replies
4
Views
1K
qldfrog
qldfrog
Fiona96
Trading US Stocks
Replies
3
Views
1K
karenjones
K
BossMan.
Japan Exposure
2 3
Replies
52
Views
5K
eskys
E
ducati916
April DDD
3 4 5
Replies
98
Views
7K
ducati916
ducati916
Top