Recent content by snoopcat97

Of course but I doubt 1mm-maybe closer to 100k

Of course but I doubt 1mm-maybe closer to 100k

It will not only be available for indices and the press release put out today (if you have DJ news read "Things to look out for this fall") does not indicate it would have a high minimun such as a $1mm. IB said that they are gearing up for the changes.

I just read a news story that regulators could have the law passed in May that would change current margin requirements to risk-based margin requirements for retail accounts. I think this could be a big game changer for many traders. Anyone else agree?

Baron, Refco Trading Services still in business?

You can also be a position trader using a pairs trading strategy and not be overly concerned about the direction of the overall market. Makes for a much easier lifestyle and can be very profitable if done correctly.

Don, End of the retail broker? I'm not sure. Big wirehouses like Merrill, UBS, Morgan Stanley etc have roughly 10,000-12,000 "brokers", average take home pay is about $160,000 with about $50 million under management. Upper end guys take home between 400K and 1 million and have between 250 mm...

Shouldn't we stipulate that "stockbrokers" are no different than "traders" in that some are terrible, lose money, and quit while others work hard, are successful, make a lot of money over a career. Some "stockbrokers" (although they are now called Financial Advisor's) are terrible, have know...

Bullet, Can you elaborate on the "FINE PRINT"?

What does CFD mean?

Don- Curious as to how much money Bright Traders make annually on average. I know that's kind of tough (and probably dumb) question but maybe you can answer it in terms of percentages of your 500 or so traders. Top traders (and have most capital) : ? % Mediocre traders: ?% Not so good...

Don-Who would you say are your "2 main competitors"? If you don't mind answering that.

Don-Who would you say are your "2 main competitors"? If you don't mind answering that.

riskarb, I understand. What I'm interested in knowing (which may be impossible to fully know) is what kind of financial stability and risk mangement systems do they have in place to survive some sort of blow up? How choosy are they about the people they bring in and the capital they are...

How insulated is a class B member from losing his capital contribution should the firm "blow up" ? What is the likelihood that a blw up could occur vs. other prop firms?