Forex prop trading

S

ship.2011

New Member
#1
#1
Are there any firms in India which specialize in (legal, such as on NSE) forex algo trading? What are the regulatory requirements to set up a firm in this domain? Any help would be appreciated.

Thanks,
DC
 
G

global trader

Banned
#3
#3
Hi Ship
I believe Indians are not allowed to trade FX except UIndian Rs based Currency futures
ANy way are you interested in starting a prop firm of some sort as a business
Please PM me I am thinking along same lines but for US futures for Indians
MJ
 
C

comm4300

Well-Known Member
#4
#4
global trader said:
Hi Ship
I believe Indians are not allowed to trade FX except UIndian Rs based Currency futures
ANy way are you interested in starting a prop firm of some sort as a business
Please PM me I am thinking along same lines but for US futures for Indians
MJ
Click to expand...
all the best. Whatever you do...just make sure :

to keep costs at the lowest end. Don't go around hiring IIMs and phds...you just need someone who has trading exp.
invest in training - most of the attrition in prop. trading or elsewhere is caused due to lack of training.
invest in technology - no cost cutting here.
have a decent profit sharing ratio.
 
Saiyyed Rafik

Saiyyed Rafik

Member
#5
#5
ship.2011 said:
Are there any firms in India which specialize in (legal, such as on NSE) forex algo trading? What are the regulatory requirements to set up a firm in this domain? Any help would be appreciated.

Thanks,
DC
Click to expand...
Well According to RBI rules Forex is illegal in India, but there are lots of traders in forex field who belong to India.
 
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