Recent content by ChitownECHO

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    Prop trading (Black box)

    I believe GMA will allow colo of their software. You'd have to ask echo specifically if they'd allow it though.
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    Options Prop

    I can pretty much bet that Bright and Echo won't let you sell premium. You may have to look for smaller, less regulated shops.
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    Wide or regular monitor? what size? how many?

    so mean, yet so funny
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    serial 7 exam material suggestion/wanted

    Yeah, I found STC to be the best. I used two different companies awhile ago because I found myself just memorizing the questions. ChkitOut is right. Consistently getting 80 on the practice tests will do you well when it comes time for the real thing.
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    Here comes the 12 monitor video card

    That is awesome. Good luck sliding that into the back of your super computer.
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    open a branch / trading group

    I don't know Don from Adam, but I do know what rates are available in a number of places. I can tell you 2mm shares/mo isn't that much. It would be especially hard to find better than .002 with that volume at a registered BD/non-sub llc.
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    Buying a Stock and Selling a Put

    Well said u21c3f6. If no one would've jumped in to correct the first page of agreement on it being a married put, you'd basically have a few guys running around trying to sell puts all day long, which has ruined traders upon traders. I'd almost feel bad for them when they call their broker and...
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    Dirt on ECHOTrade: Please Contribute

    There's no 1 year lockup at ECHO or Bright. That has been gone over on this board many times before. If you're going to make stuff up, at least make it sound believable.
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    Assent

    Just saw this on ECHO's website. It looks like they have access to LightSpeed now. http://www.echotradeonline.com/trading_tools.php?page=19
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    Echo Chicago

    I've been there. It's an okay office. It is what you might think it is...a small office of traders, but they sit right on the network so connections might be good.
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    ECHOTRADE's software still terrible?

    trade4life1234, I don't post much, but I do like to read what's going on every so often. I noticed that you ask this question here, but then you post a bunch of hate for them on the Ratings section of this website only an hour and a half later. "-Expensive software fee for ancient...
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    Echo

    The option statement I have says that you need 25k to Buy options, but you already need to be trading stocks. When asked, they said that you can call in and it's up to the risk department on whether you can do the trades, but from what I heard, they're pretty good about that stuff. The 75k is...
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    Echo

    The platform is good. Service is good too. Software is not really negotiable, but they are fair. It's rebated like stated in the post above. Just tell them what you need, and they'll tell you if they can do it.
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    Stops at Genesis

    ECHO has them. I rarely use them, but it's there if you need it.
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    bright vs. echo

    For the BP in general, you hit it right on the head. As for the long vs short...not quite. You have the right idea though. They only cancel each other out if they are convertible securities...ie...long BRK/A and short BRK/B. Now, if Trader A is long 100 IBM and Trader B is short 100 IBM...
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