Recent content by Steve Dillinger

A reasonable explanation would be that .0002 was the rate Tuco was charged and Tuco had accounts (the owner's would be one) that traded at cost.

Wow. You are right. I missed that one. $0.20 per thousand. Now thats a good rate. Thanks for the catch.

There is all kinds of speculation / talk about what 'the best rates' are. Who offers what? I was reading the Government's Brief against Tuco (you can find it by googling ""tuco and frederick provide day-trading capability" (google with quotes). Over several pages you get a pretty...

Interesting idea. Figure I'd give it a try. Went to the zoo. Got in the cage. Tiger roared at me. Shot the fucker between the eyes. Top of the food chain I remain.

We do hedge fund incubation. We can assist with capital introduction along with legal / regulatory issues. We are a good place to get your feet wet. You can focus on actual trading and not the other non-trading BS (and there is a lot of BS). I'll post more about our Hedge Fund...

We take option writers. You would have to accept some reasonableness on what you are doing. Do not expect to write many puts on GOOG and POT. We do not require a Series 7. To be considered for membership need to have pretty significant market experience. Call or send me an email if...

In general- A prop firm hires traders to trade 'proprietary' capital- ie the capital belongs to the owners of the firm. The traders are employees. An arcade is a place that houses independent traders that trade their own capital. The owners make money from the commission dollars of the...

These kind of 'math tests' are pretty worthless. They are a hold over from days when you had to be able to calculate fractions very quickly in your head to compete in an open outcry pit. From what I see on their website and have heard on the street they do very little open outcry trading as...

The success rate for someone in your position is very, very, very low. It is higher than 0, but not by a lot. I personally have seen dozens of traders with many years of market experience and a capital base with another zero on it attempt the same thing and fail. The deck is stacked...

The primary difference between us and other firms mentioned is we run our own proprietary trading business. If we end up with zero MTO members we may have less people to hang out with in the game room, but we are not out of business. I do not believe that is the case of the other firms...

No. However, if qualified, your members can become members here.

Everyone pays retail execution fees if they are trading for their own account / benefit. The CME goes to extremes trying to make this clear, although I am sure they are still cheated by people.

This is certainly the case for many places. We do not tack on or otherwise profit from our platform fees. We would be happy to substantiate this to any member. We don't nickle and dime members. It pisses me off when I have to deal with it (like flying) and I don't want to operate that...

dog- the member fee applies to all traders. atticus- Bloomberg is an option. We pass through all software charges.