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so do we start a thread in prop firms and make it sticky? That is a good idea IMHO. - mnx

suprised no one has given you a response. trading is hard. most don't succeed. If you can't go a few months without making $$ to pay the bills then don't waste your time now. i started at swift 3.5 years ago.. i was living with my folks at the time so I had the time to give it a shot...

people looking to move from one firm to another...

INET (now nasdaq) does the most volume so it will probably get you the best fill at this point... -mnx

here is the ATD story. I opened up an account with a prop firm called posittrade. (http://www.positradeinc.com/) (go figure their website isn't even working...) I put up 10k and started trading. I was trading knight and made some decent cash. I decided to try out ATD. I quickly...

I have a great story about ATD, and a prop firm that stole my money too... man I'll have to save that one for later when I have some time to type it out..... that one is really unbelieveable... - mnx

the point is to match large buyers and sellers without impacting the market. eg. Instution A has to buy 1 million shares of ABC. If they start doing it on the open market, the price will go up huge. However if Instution B has to sell 1 million shares of ABC the could both put the orders...

I also have extensive experience with nyfix millennium and knight. I wasn't the one placing the large orders though, I was attempting to fill them. (i am a prop trader after all). Eventually the other side got sick of crappy fills on miln and started chopping up their orders into small...

don't get me started on pipeline. they charge half a cent. and their commercials are full of lies. leak proof block trading my rear. Here's the short version of my story. I figured out how to game it, I was making a mint. Pipeline's customer(s) called to complain. (we're not...

yeah I lost my whole day on CME... +1800 to -150$... How does a buy imbalance print below the bid? Anyone? -mnx

can someone tell me what the margin used on this trade should be? long 100 shares BSX short 1 December BSX SSF It seems to be using 900$ in margin... Which makes no sense to me... On IB's margin page is says "5%*Stock Market Value" for maintenance margin requirement.... Shouldn't...

I'll ask the question again, why the need for a 3.5" fdd? I took that cruddy old technology outta my machine when most people were still using them... totally useless.

If my wife and I weren't expecting a baby in 8 weeks I would have taken this as some sort of sign. lol Kingston is a great city IMHO. I grew up in Hamilton, but spent a few years there while attending Queen's. Do you trade currently Chris, or are you looking for an opportunity in Kingston...

Any one know how I find light sweet crude futures options on IB? I pull up QM or CL and it says no options available? Am I missing something? - mnx

no and no. It's not ok to trade through superior quotes. However instead of using ITS to route orders from one place to another this will take place via private linkages. make sense? - mnx

got it. thanks! - mnx

In that case why would someone buy an EFP in an IB account? (I thought the whole point of a long EFP was to 'borrow' cash at a cheaper rate)? - mnx

If you trade tons of symbols every day it's a rip off obviously... (think 500 symbols x 3$, = 1500$)... that signifigantly increases your commish. but yeah 80%/ .50/1k is a great deal for most people. That's way better then you'd get at swift (unless you do over 5 million shares per day to...

let me guess, Questtrade? - mnx

so what are the risks with EFP's? a) suprise dividends/changing dividends b) changing interest rates c) ? Is a potential strategy to borrow money via long EFP @ a low rate and then use it to short higher yield EFP's? - mnx