Proprietary trading carries its own risks and rewards. But do the risks – and returns – look different from 31 floors up Dubai’s Jumeirah Lake Towers? Tom Osborn meets Middle Eastern trading arcade, the Dubai Professional Trading Group.
“For traders in London, I just don’t see the point,” says Ed Allington of Dubai Professional Trading Group. “You could be working in the sun for about the same cost.”
As many London prop traders scuttle to work under darkened, ominous April skies at 5am, they may be rent by more than a brief pang of jealousy. The view from Jumeirah Lake Towers, home of DPTG – “the first trading arcade in the Middle East”, as chairman James Hume (pictured below) claims – is breathtaking.
The prop shop’s recruitment strategy has been firmly geared towards the young elite of London’s trading desks,...