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many of the brokers who use third market dealers in listed shares send the orders to ecn's. They then do not honor the final print on the NYSE and wind up hurting the customer. This problem is especially prevelant on expirations and days with large imbalances.

get the best job possible with the best firm possible.

I have no interest in this topic as Dinallo is a pint sized Spitzer who sticks his nose in stuff where it doesn't belong. Funny thing that never gets mentioned was that soon after Dinallo "negotiated" a $1.4 billion deal with wall street, he went to work with one of the firms. Could he...

Any of the "professional" trading firms offer portfolio margining. 1. My own account 2. Place to trade or from Home with professional and robust platform

Any of the "professional" trading firms offer portfolio margining. 1. My own account 2. Place to trade or from Home with professional and robust platform

part of the problem is that most of these firms business model is predicated on making just as much money form a lousy trader as from a good trader.

I would be looking for an account with enhanced leverage also. 6.6 to 1 would suit me with no LLC relationship. At what number does a very very active account become interesting to a prime broker? 2 million ? or is is much less?

I am told that any contributions made to an account at Carlin are not at risk to other trader's misdeeds. Your account is your account. How many other places say that in the prop world? And yes I know Don has been very forthcoming with what his firm does.

Very basic question.... What trading platforms allow GTC orders and which do not? I am talking with a group that only allows "day" orders and it would really hamper my style as I use multiple orders that I prefer not to enter daily... Any thoughts? GTC how been around as long as the...

I still don't know if you should have gotton a fill as I have no idea if 74 was a plus or minus tick.... Your order only has time priority over other marketable shorts and limit orders at your held price (the first plus tick) . It does not have priority over all opening participants because...

Every order on the NYSE that is entered prior to the opg is a held order and has a price through which a stock can't trade without getting executed. It is impossible to determine where mkt shorts or shorts priced below the last sale are marketable without knowing what tick the last sale from...

I will repeat what I sais before and then everyone can continue to blame the specialist without knowing the rules. Tick from prior day is relevant. I have no idea why people think they can make money trading in markets that they don't even know the basic rules for.

I love a ticker with the stocks I am interested in. The problem is that many services just provide a list that scrolls in alphabetical order.

If the closing sale from the prior day 74 was a + tick you should have received an execution. The ticks carry over from the prior day on NYSE. Therefore your order would be "held" at 94 and you would be due a fill at the opening.

Why is it so hard to believe that you could hire someone with no capital contribution and they would act responsibly? Only the prop world thinks this is not possible.

Could someone please give a reason why a firm that requires you to make a capital contribution would have a "non-compete" when the success rate for newbies is so low???

In the equity markets you "hit" bids and you "take" offers. :D

Don Based on your last post are you telling me Class A members have ~$49 million and class B have ~$14 million ten million of which is put up by your firm? Other class B members have contributed $4? And you would have to sustain losses of ~>$15 million before any class A capital was...

At Bright, how often are the traders privy to the information concerning the "B" side of the balance sheet? Do they receive a daily P&L (names redacted) that shows the financial stability of the LLC? How often do they get balance sheets? How often are they prepared? What other than your...

Don I for one appreciate your help and honesty. It is clear that most of these LLC relationships are a mess. It is scarey to think a $10000 trader capital contribution is somehow needed to finance the net trading requirements of the firm. Now a question for Don? I have seen many times...