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  1. O

    Grasso Resigns.....WorldCo Folds?

    Hopefully that won't happen. The NASDAQ is a bitch to trade because of how much more volatile it is over the NYSE. If the NYSE becomes like the NASDAQ, a lot of former NYSE screen traders may find themselves trading their way to the poor house.
  2. O

    Grasso Resigns.....WorldCo Folds?

    Hey Volume, looks like WorldCo did have nearly 1000 traders at some point. And this is straight from a self proclaimed worldco trader himself, Cuda
  3. O

    Grasso Resigns.....WorldCo Folds?

    Didn't mean to push your buttons buddy. So you say I shouldn't be surprised when I hear a firm has cut 60% of its workforce? I know two traders who worked at WorldCo for more than a few years; they both say the firm had nearly 1000 traders and I have no reason to believe you over them! That...
  4. O

    List of ALL breoker dealers that are registered with a major securities exchange?

    I'll call the membership departments of the exchanges and ask for a kit like you suggested. You think the exchanges themselves will provide me with a list of such broker dealers? I tried the websites with no luck Thanks
  5. O

    List of ALL breoker dealers that are registered with a major securities exchange?

    The link you provided me with lists the most popular brokerage houses....I am looking for a comprehensive all inclusive list. Thanks though
  6. O

    Fear of Failure

    Don't let failure be an option....You'd be surprised how far that attitude will get you in life!!!!!
  7. O

    Grasso Resigns.....WorldCo Folds?

    If you have friends on wall street or work there you MUST have heard the idea today that the NYSE may get rid of the specialist system and implement an automated marketplace.... That's what I was babbling about. Actually, I don't think the Specialist system will be removed but it is...
  8. O

    Grasso Resigns.....WorldCo Folds?

    That's why i have a broker...lol tryin to go off on ma own!
  9. O

    Any chances for a newbie,

    Uh....am i the only one here who thinks this guy got a really shitty deal for someone putting up 5k? :confused:
  10. O

    Any chances for a newbie,

    thanks
  11. O

    Worldco - A New Way Of Doing Things?

    I know he made lots of money during the tech bubble
  12. O

    Grasso Resigns.....WorldCo Folds?

    The guy I know left the firm in 2000. He told me that the firm has nearly 1000 traders. Hey, you are in a position to know more than i do so I'll take your word for it. But are you telling me that WorldCo cut its workforce by nearly 60% over the last two years? I highly doubt my friend was...
  13. O

    Grasso Resigns.....WorldCo Folds?

    I would agree with you but that is precisely the problem, it seems: too many people are making money off of the specialist system! Richard Grasso was forced out because he made too much money off of the specialist system. Pretty soon, the specialist system itself may be out the door as well...
  14. O

    Grasso Resigns.....WorldCo Folds?

    I'm relaying information straight from the horse's mouth (an ex worldco employee who worked there for 7 years).
  15. O

    Grasso Resigns.....WorldCo Folds?

    You'd be surprised buddy. I have an account with Merrill Lynch and actively trade my own account (with the assistance of my broker); i meet with my brokers at LEAST once a week. :)
  16. O

    Grasso Resigns.....WorldCo Folds?

    I disagree with most of what you've written. First of all, given the current state of the economy and the bull market we evidentially find ourselves in, the NYSE MIGHT WELL rush a change from the specialist system to an automated system to appear to be changing for the better (Grasso's...
  17. O

    Grasso Resigns.....WorldCo Folds?

    The talk around wall street is that the specialist system will be replaced by an automated execution system similar to NASDAQ.
  18. O

    Grasso Resigns.....WorldCo Folds?

    I have heard that 95% of all WorldCo traders rely on the Specialist system. It would be logical to conclude that a firm relying so heavily on the specialist system would be detrimentally affected by the death of the specialist system. To change is one thing....but change on such a large scale...
  19. O

    Grasso Resigns.....WorldCo Folds?

    :D :D :D LoL :D :D :D
  20. O

    List of ALL breoker dealers that are registered with a major securities exchange?

    Anyone know where I can get a list of ALL registered broker dealers (not just the big ones)? I would like a list of all firms registered with any US exchange (CBOT, NYSE, AMEX, etc...) thanks
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