anonymous has missed the point completely. the dell walmart comparison is way off. dell does not take the risk that a trading firm does. of course if a trader trades 200 millions shares a year he can save 200k with a .001 rate reduction. However, to trade 200 million shares a year, you need...
Rates should be no less than .005 for any traders. The problem in this business right now is that firms are operating on thin margins. Look no further than Worldco for a company that didn't make it. As a trader you should be looking for a solid firm that can make money on you also.
Who do...
I depends on the person and the market. If you do it full time I know guys who do it in 6 months. However most guys will take longer or never make it at all.
mecro and i missed the boat both definately have a point. worldco had many issues and hold has good traders. a trader has to ask themselves what they want out of a firm. the problem with a skeleton back office is you don't get as much support. what if your system goes down and you have...
Worldco had many other problems. Not the least was that they made a fortune since the came into business. Their problems came from a slow market and traders not able to make money. Hold Brothers has other problems. They have given out too many good deals and are working on a skeleton back...
Is there a product on the market similar to meta stock for commodities. I am looking to run queries based on historical commodities info.
Any help would be great.