Search results

Bigs, Have you got any suggestions on firms that might offer a better deal? How about your friend in T.O., does he trade at Questrade or have some kind of inside info. ? Thanks.

Canadians are 'technically' not allowed to open trading accounts with U.S. dealers! There is an agreement between the SEC and the IDA ( Canadian Investment Dealers Assoc.) that prohibits U.S. broker/dealers from opening accounts for Canadian residents. It is legal bullshit and just another...

Has anyone out there ever actually set-up a clearing deal, either a large private one or for a broker/dealer?

What does one have to do to get an individual clearing deal? I assume that you have to be a broker/dealer to make a clearing arrangement. Does anyone know the details of setting up a clearing arrangement? Thanks. MACD

Let's not forget fellas.... some people have made a shit load of $$$$ dealing used cars!!:p

I am interested to see if the debut of Supermontage has the effect described by Banker, it wouldn't bother me one bit. In fact I am looking forward to it in the hopes that it may in fact create a whole new world of opportunity.... should be interesting. I wish I knew what direction things...

Here we go.... now it's the liquidity traders that have ruined the market! Before that it was decimalization, before that it was the 'tech bubble' , before that it was daytraders. Speed come on dude, I know you are a better trader than that! These are markets man.... they change all the time...

Yo Chas, thanks, and glad to hear you be like in my handle Homes. The b-atches like it too! MACDaddy:cool:

I will qualify my response by stating that I did once work for Swifttrade as a prop. . I no longer do so and have no interest in promoting the firm. I no longer work there for personal reasons, turns out I'm a tough guy to get along ( guess my teachers were right about "not playing well with...

Kill em' with kindness eh Donny! One thing I like about you Mr. Bright is that you don't engage in fruitless adversarial sparring. Just put a positive spin on her and move on. Sign of a truly good salesman, love that Vegas charm. Your statement about the ECN credits is exactly my point...

Hey Don, did you just wake up from a coma ? Harvey Houtkin pays you a visit and all of a sudden you think liquidity trading might work. Excuse me while I LMFAO!!! Traders at your firm can forget it. Your commissions are way to high. You need bare bones commissions to play that game, in fact the...

Seems this whole liquidity trading thing gets in peoples' ass big time. Comments like "liquidity trading is for suckers", and "liquidity trading is not real trading", are interesting. I used to do this, or at least a version of it in the early days (some months ago), before all the ECN's...

Thanks for the explanation banker. Should be interesting to see how this thing plays out. Any idea on when full implementation is going to take place?

Banker, Can you elaborate on how and why Supermontage will spell the end of trading for liquidity credits? Thanks MACD

Has anyone else out there who has been using x-squawk free trial been denied access today. Web site says free trial ending 1st week of Sept. but I can't seem to get in today. Shit!!!!:mad:

Thanks for the comment. As for this being the wrong thread to discuss this and there being other threads... I am aware of that. The questions I posed have only recently become a curiosity for me and since this is a fresh thread and people have been discussing the topic I thought I would...

Any compliance officers out there want to take a stab at this one??

Like I said Alanm..... I no longer work for that particular firm!

Thanks GA, That is what I was thinking. I no longer work at the firm where this was occurring. I suspect it is still happening and quite frankly I think that eventually the shit will hit the fan. I am surprised that regulators have not already taken issue with it. :eek:

It seems there is a lot of confusion surrounding this subject and I suppose there is good reason for this. As a prop trader I have been using this tool for some time now and for my type of trading I have to admit that it is a necessity. Despite my use of this tool I still get confused every time...