Dealing Desk Management 101: Weighing Your Options

You've made the leap and cut the cord, no longer tied down. You have the space, the staff, the technology all set up. Your registration documents are all in order. Your clients are chomping at the bit. What's next? Managing your risk

If you wish to staff and run a dealing desk yourself, here are a few facts you should keep in mind:
A) You will need an experienced trading staff
B) You will need the hardware (pc's, furniture, etc.)
C) You will need price and news feeds for the trading staff, which is more than your clients will see
D) You will need to manage this staff and address all major issues as they happen (24 hours)

Costs:
A) How do you go about hiring a staff? Do you know anyone? Will you pay a recruiter? What will be your maximum salary commitment? Do you pay benefits? Bottom Line: Do you have enough resources to properly compensate a trading staff at current market levels? If not, do you settle for less and just hope they don't make any mistakes?
B) $30,000+
C) $1,000-$3,000 per month (depending on what you want)
D) What is the cost of doubling your stress by having to manage your own company and a trading desk at the same time? Does building your business require your full attention?

Many companies find themselves in a situation where they have to make a difficult choice between two options. Either they commit a significant amount of capital in the hopes of gathering up the right people and making large profits (possible, but expensive and time consuming), or they go out and pick up a few people cheap, in the hopes that it will all work out in the end (a big mistake in the market can cost you everything). It is a difficult choice. You have the drive and the will to make your business successful, you have invested your time and hard work. Is this the only choice you have?

We have a better alternative:

Kammas Virtual Trading Desk offers the following services:

•  The Kammas team of experienced forex dealers (from some of the biggest  names  in the
   business) manages your risk, based on your preset parameters
•  No hardware required - our desk is fully equipped to handle your needs
•  Kammas dealers have established networks, with a continuous flow of  information at their  fingertips
•  The Kammas team handles 95+% of dealing issues, and will communicate  the  remainder,  based on urgency at the appropriate times, dictated by  you.

Costs: A nominal monthly fee, plus a percentage of gross profits

Benefits: Cutting your stress significantly and allowing one of the most crucial parts of your business to virtually run itself (and strive to maximize profits - and minimize risk - for you).

Dealing Desk Management 102: Here's How We Do It

The Process:

Step One
Your Clients trade on your platform. Our dealers have access to the risk management portion of your platform and see the deal and the position it creates.

Step Two
Our dealers continue to monitor the market (upcoming data, rumors, news events, technical levels, etc.), quote prices to your clients, and manage the risk associated with the accumulating positions (according to risk limits we set together). When a member of our team identifies an important level in the market, positions get too large, or as fundamentals dictate, Kammas takes appropriate action.

Step Three
When the time is right, a member of our team will deal with your counterparty to control the risk to your company. Again, the level of risk is preset (in accordance with your risk appetite) ahead of time. Kammas is not in the practice of employing cowboys, and strictly adheres to your customized profile at all times.

In effect, Kammas has created a Virtual Trading Desk-your own desk, with minimal outlay and minimal effort (on your part), staffing a group of experienced dealers who have your best interests in mind (because we make money when you make money).