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How exactly do you get around the margin and capital rules for non-licensed traders? I thought it was $25K minimum capital and maximum 4:1 intraday leverage if someone didnt have the series 7. Ace.

Read a couple posts on here about how the SEC is going to seek to end the rebate trading/liquidity game. Wondering how this is going to affect some of the weaker prop firms, namely the ones that rely heavily on rebate trading to generate massive volume and commissions for the firm. Possibly...

The bigger stable firms are not competitive with those rates as of now. Generic, Echo, and Bright all charge higher rates (in some cases significantly higher), with the magnitude of the difference being much greater at the lower volume levels. I have never seen sub .02 offered anywhere, even for...

I'm surprised it has taken this long for a firm to begin undercutting the competition. WHile many would argue "they're not making enough," there is actually a lot of money to be made if you can attract traders with the lowest rates... At 500K traded per day you're looking at ~10M shares per...

what firm is offering .015? Or are you part of a group that does volume?

Have we switched from sph4?

Checked out their website and it doesnt give much information. Anybody know anything about their financial stability? I've heard some good things... Are they owned by Pax or do they just clear thru Penson? And how many traders do they have? Ace.

http://www.sec.gov/news/press/2004-10.htm In addition, effective Feb. 22, 2004, the Section 31 fee rate applicable to securities transactions on the exchanges and NASDAQ will decrease to $39.00 per million. The Section 31 assessment on security futures transactions will remain unchanged...

So this means that you'd now be trading under Merrill? Does this mean they'll jack the fees? Also is the ABN/Sage relationship similar to a Sungard/Assent type deal, where you think that your prop firm is backed by a legit company when really the 2 entities are separate? Or is/was Sage wholly...

Anyone here trade prop for ABN Amro? I'm hearing they offer competitive deals - plus that name gives a lot more confidence than the Assents/Schonfelds/Hold Bros. of the industry. Ace.

While I think that some changes to the NYSE specialist system are necessary (perhaps cap the specialist's participation as a percent of the volume or alter their compensation structure), I think that it would be a mistake to make the system like Nasdaq. I liken it to the switch over to...

I hear the new Thomson One REALLY SUCKS. Thomson has been saying that they are going to stop supporting AT for years, but I guess they've finally made a decision to actually do it. From what I've heard, Thomson bought out AT several years ago and there is a guy at Thomson who wants everyone to...

According to the article, some of the fees will be increased and some decreased - are the Section 31 fees the same as SEC fees? Which of these apply to NYSE traders? Ace

I currently trade NYSE stocks intraday - have been doing so very successfully for the last ~2.5 years after graduating from Ivy League university w/ degree in Financial Engineering. I was wondering if a B-school application from me (say, to the top 20 schools) would immediately be thrown in the...

Has the S&P futures symbol changed (from sp3m)?

Did anyone see Monsanto being added to the S&P today - It looks like a no-brainer MOC BUY except that according to the news, PHA shareholders will receive Monsanto stock which they will most likely dump in the market (immediately on the close?)... Any opinions? Ace.

A quick question - I used to get fair value for the S&P from briefing.com and/or yahoo! finance every morning, but the last week or so they seem to just give the indications in terms of above or below FV without saying what exactly the number is... I know those idiots on CNBC mention it maybe...

Just to clarify guys, I started trading last February, and people were complaining about how crappy it was THEN, because even though market shorts would step down for 50 cents to a dollar, the other traders were used to several points of movement. So I was never around for the 20-30 point ranges...

I trade listed stocks in New York for a daytrading company and wanted to know other people's opinions on this. Ever since the Limit-NX feature was introduced, it has tightened the ranges on a lot of stocks that I like to trade, making trading that much more difficult in this choppy environment...

Can you get an e-mini quote on Redi? What is the symbol? Thanks, Ace.