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Hmmm... THis stuff calls for the tin foil and cone of silence.

What front-end do you use?

What front-end do they use?

If you want to be a trader, Food is the right answer. Look out for yourself. Take advantage of someone else's misfortune. Nitro and Mecro are right. Food.

It has been my experience that when the TRIN went above 1.5-2 intraday it was so bullish that it was bearish. It seemed to indicate an over bought condition. What happened to the market between the close above 3.0 and the 3 days after? Did the market dip first or go in a "straight" line?

No, Steve is trying to force everyone to his model. No losses to the trader. He figures he can put the competition out of business. He knows that Bright wants no part of his trader's losses. They just churn for commissions. Same with Echo and Generic. The only ones who could compete would...

Just found out that Schoenfeld is asking for a no action letter from the SEC that requests that they can have prop traders take losses. If they get it, they change their model. If they don't everyone else changes theirs.

Despite Don's answer, my sources continue to insist Steve is pressing this issue. Don's response was we told them to stop talking such nonsense. Don has an interest in this matter not being pursued. If Steve is backing off, it is only backing off being blamed for it not backing off pursuing...

I would be concerned for two reasons. First, Schoney is correct in the way he interprets the regs. There is a federal reserve memo that is clear that if you are taking 100% of profits and losses then you should be treated like a customer and meet reg T. In the extreme, there is one school of...

I came out of college and got a job with ETG training in their Northbrook Illinois office. I put up no money and got theopportunity of a lifetime. The training was excellent. They didn't tell me what to do rather they let me try things and through trial and error and long discussions with...

In the last week, I have Heard FNY and Generic, FNY and Madison and FNY and Liberty Trading. Sounds as if FNY is getting all the potential suitors to show their wares. Doesn't make sense though. Why would FNY and Don E. want to get involved? They have their own model that works well or them.

Is Instinet going out of business or Sonic, the firm that sent the orders?

Manipulation works both ways, buying and selling. Read the regs. Traders buy and sell all the time. I agree. Duh. The question remains, "Is that trader trying to get the best price for himself or worst?" The futures markets have a totally different set of regulations. But I assume you...

This is a non-event. When these traders take the time and effort to actually learn how to trade instead of manipulate the market, they will realize that they are much better off. Anyone who is scheming to come up with an alternative, missed the point of the SEC's declaration. It is not the...

ETG is hiring trainees for its Chicago area office.

The good old days were in the early 80's trading options. 1/4 point spreads! Every era has a "Good Old Days" Hang in there, they'll be back.

With your business, I was actually on your side if you would take the time to be less defensive about what this Jeff guy is saying about you and your brother and rest of your family. I was also taking the free shot at Goldman Suchs. Apologies to Mr. Paulsen. I was laying the blame...

Let me get this straight. What you said a few posts ago, that you are following the clearing firm model, are you saying that all you are is a glorified clearing firm for day traders? Are you guys just doing Goldman's dirty work by catering to the small day trader they never would? If you are...

fraudulent conveyance

I worked for ETG in Northbrook a while back when Jeff was the office manager. He is a really good guy. Taught me to trade. Worked real well for me as I made enough to go on my own as a customer. They just started training again. They do pay some trainees small. A salary would be an...