Micheal Armstead
Houston, TX (USA)
Role(s):
Founder/Owner/Principal
A.F.X.. Inc
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Startup
Location:
Houston
Industry:
Finance
Year Founded:
2015
Number Employees:
50-100 people
Business Stage:
Creation/Idea
Entity Type:
"C" Corporation
Description:
A.F.X., Inc. is a newly established proprietary trading floor in Houston that holds and sells foreign currency, precious metals, and oil & gas commodity positions.
AFX will conduct electronic trading of no fewer than:
• 58 FX pairs;
• 6 Precious Metals (Gold, Silver, Platinum, Palladium); and,
• 3 Commodities (Gas, Natural Gas, and Oil)
AFX will recruit, train and retain its traders through a variety of means:
• Recruitment and training of college students via relationships and partnerships with local college career centers
• Recruitment of veteran traders through networking connections and by advertising online and in local print media.
• Training to new hires on commodity/currency trading methods and theory in return for a 3-year work commitment.
• 12-week stock market training simulator for both novice and veteran traders.
• Remedial or advanced stock market simulator training every six months.
AFX will hire four veteran traders during its first three months of operations and will add 25-100 novice traders over the following 6-18 months
AFX will leverage its proprietory evaluation system (based on a combination of fundamental and technical market analysis) to gain market share and profits. The system is user-friendly and based on extensive and proven research.
AFX seeks up to $150K of capital as working capital for its currency/commodities trading floor.