Recent content by trader430

just want to chime in that since sunguard bought assent things have improved a lot. everyone at assent thought sunguard was nuts for buying a dying company but sunguard was right and most of those old traders are no longer working in finance. more importantly good old what's his name from assent...

hold bros the oldest firm in the business. yeah right. new is much better than old though in this case because you don't want software that has 12 years of legacy problems. good rates though as for shoenfeld, it's funny reading the old posts. they're training program was horrendous, and it...

these guys are new entries in the daytrading world. i'd say they will survive because they seem to be well-capitalized, but it's not clear to me what they do if anything that's different from genesis, assent, or a couple other BDs. well, they claim to be market makers but, unless you are a...

"Hi all, I was wondering if anyone knows of prop firms that offer a different strategy to scalping in NY. I graduated about 1 1/2 year ago from college and started trading right away at a prop firm. Did okay I guess, (made roughly $20K pretax) so far but am trying to now explore my options. I...

hold brothers has very low rates (as low as any true prop firm basically), but of course you get what you pay for. i know a lot of people who've worked there and haven't heard any horror stories or much of anything else, so i think i've summed it up pretty well. this might not be the best...

SCALPING STOPPED WORKING YEARS AGO. SORRY! yes the hybrid system is pushing out a lot of people who can't adapt, but then again most of them were about to drop out anyway. look up zero sum game on google and then take a close look at how much you spend on commissions and i think a light bulb...

420 lex might as well be their headquarters. technically they are headquartered in jersey but you would never know it. as for the different LLCs, they're all probably about the same and there are non-Assent LLCs at 420 lex just to make sure you're totally confused. i'd just talk to a couple of...

PTG is a sub/LLC at genesis securities. they used to be with assent but it was years ago. they have at least 50 traders, obviously they use laser (which is starting to SUCK btw - genesis needs to get back to work on their aging software instead of cutting corners), and i'd guess they still focus...

SMB is a sub of dimension brokerage, not prestige. prestige is just another LLC at dimension. the guys who run SMB are fine by me but i have no comment on prestige.

they still pay a draw which is taken against your P&L (not a salary - sorry NO "prop" firms do that or ever did) no training program though so good luck!

-------------------------------------------------------------------------------- Quote from FaderTrader: Mulling a move there soon. Right now I'm with a shop that put up the money for me, so I am obligated to give them 25% on top of a heafty ticket charge. It was fine when I first...