Recent content by Jethro

Have any of you working prop discussed how supermontage will effect the prop world with your firms? At mine we've discussed it loosely among traders but really have no clue how it will all play out. I see it on one hand as good if you use ecn's because they will all be soes-able. On the other...

It's not so much a case of it being true or not, 'cause it is at my firm. I just want to know if any other firm's traders are incuring these fees or is it just my firm bending me over. Thanks for all of your input either way!

Hey all, I work at a NJ/NY prop firm. Recently, as some of you know, MKXT became the first soesable ECN known as LSPD(Lightspeed). My firm has told us that the charge for getting lit up by LSPD is astronomical. Something like .015/share in addition to the .002/share soes fee. Ends up...