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$1,000! BUT, you can come back as often as you like for the refresher course and new strategies! :D

The NYSE is going to buy Instinet (INET). It gives them the option to go public and electronic whenever they feel it is in their best interests. Check out the price action in INET. Stock rose when Grasso resigned. Reuters would love to sell their 60% in one quick private transaction. The...

The library.

Thanks for your honesty. I can assume then that a simple "yes" or "no" would be an "unsure" (your word) answer?

Can you address my question posted above? You seem to be the person most qualified to do so.

Can anyone confirm or refute this concept? Is it legally/regulatorily ok to pay a Prop trader 100% or is he then a customer?

Ox, Looks like Magna is on to you. Size, I appreciate that you understood my post. It is a subtle point that too many people are ignoring I am afraid. I guess we'll find out soon enough.

Are you referring to the mark to market election or some other election?

If Bright Trading is an LLC, why do you care what entity is the member. If the trader want to pay fica that's his problem. Depending on his tax situation it may benefit him. He can then put money away in a retirement plan for example. It has no effect on the LLC. It seems presumptuous to...

Despite what all these firms are doing, if you are getting 100% of your p&l, you are subject to federal reg T. It is my understanding that there is currently a request for a "no action" letter by one firm asking the SEC if they can give a 100% payout and if a trader can take losses. There...

Some firms allow an LLC to be a member of their LLC. Why be a corporation? Is it for tax purposes or liability or what?

Huh?

Zone is doing well. The owners are good people. ETG now has prop trading in Austin with their purchase of Protrader.

Yes. Cost depends on the state. Also the hidden costs of some states like CT that require a 63 in addition to a 7.

Sorry to be off topic, but could you reply to me PM as to why TFMS sponsors the Chit Chat Section as opposed to any actual trading section? Just curious.. Thanks

Miles Davis, "Kind of Blue" Stop the submissions, this is it.

Put your tin foil hat on. The beams are starting to penetrate.

Chit Chat bleeds into every forum and attracts people who are more focused on wrecking havoc than on adding value to a trading discussion.

My opinion is that it is not. If it looks like a customer and acts like a customer, how can it not be a customer?

Get rid of Chit Chat and make this a trading message board.