SALT LAKE CITY, Oct. 4, 2011 /PRNewswire/ -- Premier proprietary trading firm Maverick Trading announced that it will begin accepting applications for its foreign currency division, Maverick FX, effective October 1, 2011. This is the first time in 2011 that the firm has actively accepted potential candidates.  Maverick FX will recruit 10 traders per month throughout the next 5 months. Previously throughout 2011, potential foreign exchange traders were required to be referred in to the firm by an existing trader.

Jon Frohlich, Head of Operations for Maverick Trading, spoke frankly about Maverick's previous decision not to actively recruit for its FX division: "Dodd-Frank really threw the FX industry into turmoil, especially at the prop trading level. We knew that with the structure of the firm, Maverick FX would not be negatively impacted by the new regulations.  With a large number of FX traders essentially orphaned by the regulations, the firm decided to rely on the personal relationships of its traders to attract the most talented traders seeking to join a new firm."

The success of Maverick FX's portfolio has allowed the firm to expand and open its doors to new potential FX traders. On a portfolio basis, Maverick FX generated over 2,200 pips in profit during 2010 and is enjoying another profitable year in 2011. September's returns for the FX portfolio were 6.2%.

Robb Reinhold, Founder and Head Trader of Maverick Trading, discussed the firm and its traders: "Really, the firm's greatest asset is its traders. We've designed the firm, both the FX and Stock/Options divisions, to be profitable only when our traders are successful. Our traders have consistently generated trading profits, giving the firm more capital to back its traders. We're looking for FX traders who are dedicated to learning Maverick's FX trading methodology, the firm's risk controls, and are open to mentoring. Maverick FX wouldn't be in a position to expand if it weren't for its traders and the firm is dedicated to expanding with the same type of talent that allowed us to be successful in the first place."

Frohlich continued, "Most people treat trading as a superhero type of endeavor. It's always them against the world. As a firm, we prefer to look at trading as a team event. The turmoil of regulatory changes has largely died down and, as Robb said, the success of the firm has given us more capital to back more traders who are willing to trade within the firm's methodology and framework."

Traders who wish to be considered for selection as a member trader with Maverick FX should apply online at: http://www.maverickfx.com/apply

About Maverick FX

Maverick FX is a division of Maverick Trading, a premier proprietary trading firm based in Salt Lake City, UT, and in operation since 1997.

For more information on Maverick FX, please visit http://www.maverickfx.com

Contact:

Jon Frohlich
Maverick Trading
801-652-7180
support@maverickfx.com

SOURCE Maverick FX