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CBSX firms (including Broad Street, although their yearly audit isn't posted online in a find-able place like everyone else's) are not permitted to have offshore traders. So this smells terrible (like they can't make a penny in the US and are desperate for the few 10 year recent felons who...

Glad you finally read the memo posted, which everyone else in the world knew about and adhered to.... By the way, you can't even read. The CBOE put out the memo, not the SEC. You were (and are) looking quite uninformed until you admitted this payout issue is even weird that WTS and its sub...

No, Joe is not a rat. He got burned and spent time being informed. If an unregistered group feeds off a registered group, tell me how, in the end, they can provide a better deal than the parent (and if they can, why that relationship would last). STEER CLEAR OF UNREGISTERED groups, since...

This analogy is fine except you CANNOT have enough capital to dominate the market. So agreed, wait for the confusion and pounce, but don't ever expect to dominate the market b/c of the size of your weapons or gunpowder. The market is a bigger organism.

My point isn't about you, the trader, in war. You can consider yourself at war or a soldier. Not a problem. My point is that the enemy (in your and coolweb's analogy, the market, or a stock) doesn't consider yourself your enemy. They don't consider you at all. They don't know who you...

Whatever you are talking about is junk. I pray no one listens. Again, you are not fighting a war against a specific enemy. The market is an overall conglomeration of thousands of separate players. This is not a one on one fight or a war, and having more cash could increase your chances of...

Fundamental, obvious, FACT - The market does not know you and does not care what you are individually doing. If you are listening to this guy, get over it quick. Its up to the trader to make the right decisions and make adjustments in real time if necessary. Staying power is for real estate...

You are the only one confused. Everyone else on this board knows about prop splits. Ask Don Bright about his inquisition regarding Goldman's 80/20 split requirement. Your link is not the right one. Here is the one that helps to define prop vs. customer for CBOE and CBSX firms from...

If it is a CBOE / CBSX firm it is outright illegal to have that profit split and the firm will be shut eventually. (Google the October 1st, 2010 memo to CBOE and CBSX firms saying that all or 'virtually all' split going to the trader will be considered a customer account). As a customer...

If you are in the US, suggestion is to stay with a US operation. I don't see any benefit to going offshore if you have a bunch of US choices. Not sure the compliance issues if a US associated person or reg rep owns or operates an offshore deposit LLC either.

This is not a stupid question. Apply to a JOB at a firm which backs you and shares in your profits. Maybe they pay salary, maybe they don't, but there is NO CAPITAL DOWN ON YOUR PART, NOT EVEN $1 or more as a processing fee. If you need to write a check, it is not a job. Also, anyone who...

OP: Have you noticed both firms (CTG and Broad Streeet) have the exact same address? Out of all the office space in New York, these 2 share a spot? Seems like a little too much of a coincidence to not have a story behind it. Broad Street trading says they are a Broker Dealer, however, I...