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Maybe they don't invest with those firms because they are recieving a far greater return on their money invested with their prop business. They make money on the split, on commissions, and some on seat fees. A lot of these futures firms are not just holding on for the time being. Many are...

It also depends on where you are looking when you are considering prop firms. There are several firms in chicago offering prop futures where they take all the risk, provide a split from 30-80% and pay a salary on top of that. I would imagine if their model was not working they too would all be...

Well the traders can ask and expect that because almost all the firms that want to stay in business have to cater to the traders that are left. Similar to say Walmart selling a DVD player. Ten years or so ago they were selling for $1000. A week ago they were having a special for Christmas...

Andover charts have always sucked since the day they were rolled out. From the very beginning I never knew anyone who used them. Most used realtick or esignal. Although this has changed a few times, I thought they were going to ditch the andover charts and use a charting package from sungard...

If you can't believe it you will never achieve it. If you keep the ET no one is making money in this market attitude that is exactly where you will be. Take a trip to Chicago and talk to some of the SUCCESSFUL trading firms.

Bond and index futures -- both US and Eurex. Of course not everyone is doing that but how many equity traders do you know who can put that up in a month. Actually I am sure there are equity traders still doing that but I would guess for the most part they would not bother posting on a trading...

At this point I would say get used to these trading conditions in the equity markets in the US. The mentality of "it will be great again when it picks up if I can just hold out now" has been said for several years now. I used to say the same thing until I realized I would be sitting around a...

Good answer. There is something definitely to be said for being in an office where people are consistently making money. Although in a lot of ways trading is an individual sport, but if a trader choses to be in an office with other traders (which is what I prefer) I think in a lot of ways a...

Is this a prop situation where you are not taking any risk and using there money? If not and you are having to put up risk capital then I don't get the point of the interviews let alone a 2nd interview. There are tons of places where you can do the same thing. In fact monster.com is filled...

How long has it been since Bright stop locking traders money up? I know they use too do the exact same thing and tie traders money up for a period of time. By the way I would never go to firm that did this. In this business who really needs to deal with this bag of BS with so many other...

Well there older order entry system blew because they were trading for dollar moves not 20 cent moves like they have to now, so a lot of times the traders just sent market orders. Then as the market got tighter they did hire some scalpers for nasdaq trading and used a 3rd party software...

It sounds like battle of the sponsors here. Do I hear 50% of gross..............

The next article after the one you posted the link too was also interesting. It was talking about Instinet/Island moving to supermontage. I did not think that would happen. http://www.securitiesindustry.com/midweek.cfm?article=926

I can't really figure out the schonfeld thing either. They seem to have made some bad decisions with heartland and broadway. I can't figure out what they really got from those firms. As far as providing an opportunity for ex-Worldco traders I think that is great that they would step in this...

1. I don't know how much of your time was spent as a floor trader, but I have wondered how much standard pivot points are currently used by floor traders and the everyday effects on futures trading. Are they still considered a realiable indicator to trade off of or has it become merely a...

Silk what do you think the likelyhood will be for you or the other prop traders to get their money out of Worldco? Since you are there you have a better grasp on if some traders will be taking huge hits because of money being tied up with the firm with deferred compensation or just capital...

I too have heard thru a source in NY and LA that the meeting will be informing traders of the shutting down of operations. I wonder what happens to the deferred compensation of profits that they use to hold on traders. Assuming this all does happen it would really seem to kill the concept of...

I don't understand enough of his posts to do this breakdown explaination fulltime. Like Oldtrader explained it has been my experience that the bid and offer flip back and forth so much with out much logic that it would seem to be hard to trade stictly from the quoted size unless there is...

I can understand why people are getting confused with what Grob is saying. It might be easier to use an example with numbers for what he is saying as I read it. EX 1 Bid 1000.50 Size 600 Ask 1000.75 Size 100 In this case go long and hope to see the next price at Bid 1000.75 Size 600...

That is funny because I think for the most part the large cap nasdaq stocks are more liquid. True they can break fast, but it goes both ways. IT also means you can get out fast when you want. However NYSE has advantages too. Really I was just trying to see if some EX nasdaq scalpers have...