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Thanks. I like esoteric discussion. It leads to creative thoughts and hopefully profits. Did I understand you that the economic justification is to provide leverage for the speculators who then make money and create jobs or economic ripples? That theory makes sense, but I never heard a...

Please read what I said before you pass judgement. I did not take a dig at you. I was using your example to point out why ETG's contract was flawed. I complimented you for doing well in the beginning. I was trying to be nice. I am sorry. But as you wish, I won't use your handle ever again.

I am confused as to the post that says changing a business model is a bad idea. Andrasnm, I can tell by your posts that you are smart enough to know that that is what you consultants do, tell a business how to change to be better, right? It seems to me that businesses that don't change face...

Referal fees make no sense. WHat if I refer a trader to a firm and he loses. THen the firm is worse off if it takes a percentage of his profits and losses (I assume most firms take at least a equidistant loss as gain) then would I owe the firm for the referal? Mr. Bright is right. Go to the...

Ktm has it right. It is about making money. I was at a prop firm (ETG) used their leverage and did well. I saved enough to do it on my own. A fill is a fill. Its the implementation and liquidation of a good idea that counts. At a prop firm, you just trade larger to make up for the house's...

The trading business is like any business I guess. It IS a business. Like buying a new electronic gadget. The first calculators that could only add, subtract, multiply and divide cost $300 dollars. I don't think Texas Instruments was ripping anybody off. Economies of scale bring down costs...

That is the theory behind ETG (my old firm) and Leiber Weissman as I understand it. A high class of service, professionalism, nice facilities but a slightly higher cost. BTW, I hear Kanter still trades, although not in the trading room with the other traders. He puts out internal video...

For the life of me I have been unable to figure out the economic justification for SSFs. Do you know what it is? Is it just a way for the faultering futures exchanges to get business? What is the margin requirement for a SSF? Thanks for your reply to my previous post.

When I was starting out, and I have a friend there now who started on Sept 1, we started out with a few stocks and a few shares (200-300) until we made money 3 or 4 days in a row. Then they would increase our line slowly. It was described to me to be like a weight lifter. He wouldn't jump...

I tried to e-mail you but I couldn't. I'm not that experienced with this so I will answer here. I am not looking to personally attack anyone. The point of my posts was to have other people stop attacking firms they did not know enough about to attack. I apologize to all for not being clearer...

There are few firms that have lasted through the initial phase of the industry. Bright, etg, schonfeld are a few that come to mind that have been around since 1992 or thereabouts. The firms that offer more to a trader than just a clearing firm, i.e training of some sort, risk capital etc. and...

The answer I was told and my experience attests to is that they let you draw your money. They will limit the risk you can take if you leave no money up there, but that makes intrinsic sense. Mr. Roberts and Mr. Andrasnm I agree to never respond to one of your posts again. It is and shall...

For the last time, I am not defending ETG nor am I an expert on ETG. That is my point. Neither are you. $65 bucks an hour. Wish I had that dead end job. Instead, like a real man, I risk MY OWN money and trade for a living. Hmm. If I missed the point of the thread, aren't you missing the...

It seems to me the edge in these single stock futures will go to the liquidity providers. I want to buy on the bid and sell on the offer. I imagine the spreads will be wide in the beginning. I would want to set up the "conversion". I think being long the stock and short the future will give...

You sound like a bitter man. I assume when you refer to a $2000 a month fee you are somehow grossing it up. I paid a 1000 per month fee. I paid 19 per side in ticket charges per day. They average priced them so I only had one ticket per side per stock per day. The bullet charges were a...

I am not a customer of ETG. I moved and am a customer of a small BD that clears SLK. I do not want to antagonize. My last and final point is 'consider the source" that is the people who are talking about these firms, ETG, Bright, Echo, Leiber etc might not know. They either left a long time...

Again for those who did not read it the first time, I am not defending ETG. "Andrasnm" you still have not addressed the issue of your expertise having left ETG and the business many years ago. I would say leaving ETG less than 2 months ago certainly qualifies me as more of an expert than you...

I am not defending ETG. I am saying that the people responding don't know what they are talking about. If you are there, then comment. A guy like 'Andrasnm' left over 6 years ago. He is not even trading now. He just tells everyone what is or isn't without any risk to himself. That is the...

I read Andrasnm reply. First, what do you mean Kanter quit? He is as active as ever. Or was when I left a month ago or so. I still am confused as to when the last time you looked at the tapes or have been associated with ETG. Your info is real old. Do you trade now? You seem to have...

This is my first post, Hence my handle "Newatthis". I too have traded at ETG, but I am no longer there. I am now a customer at another small BD that clears SLK. I notice that the most active post at this discussion is a person who left ETG over 6 years ago. Seems odd. I left because I had...