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AND beyond 2 years you can apply for 'relicense without examination' with the NASD. Basically, you write a letter to them detailing what you have been doing that is equivalent to working in a licensed capacity (trading for a hedge fund would certainly qualify). They review your request, and...

Well said, and I think there is a second point in the argument - something along the lines of 'you get what you pay for'. Obviously, execution speed, reliability of the system, and the overall confidence you have in your platform and your broker-dealer matter, but the frustration is how...

RealTick definitely understood that you can't give a "deal" to one big customer without eventually having to give it to everyone. In other words, unlike most firms, they operate like a real company. Say what you want about them, they run a solid business.

Tends to be true among prop shops as described above. One of the best group of independent traders I know (and they are still making mid 6 figures each) trade on actual folding cafeteria tables. As regards FNYS, according to their website, they also manage money. If they are truly an...

Interesting thread here. The best advice I have gotten is to always understand how a business makes money before you decide to be involved. Yes, there are "institutional" firms that seek to hire smart people, train them thoroughly, and make money off their profits over the long haul. So...

One of the platforms I work with has a very RealTick like look and feel and a full API. The data is good as well.