Hey Monkeys,
Hope everyone is enjoying the holiday season. I am curious as to the expenses a bank incurs to start a desk.
I guess an example of what I am looking for is something like this:
cash equities desk: flow trading
initial set up cost for 3 trader operation + sales + ops = $5 million
total capital allocated to fund trades: $100 million
continuing expenses post-launch: $3 million
I will update this if there are a few answers to create a quick list/ reference guide. any information is helpful.
Thanks!
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