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As far as I know no market maker is perfectly hedge especally for deep OTM calls. So when a take over happens they are going to lose. I know several MM's on the PHLX or the AMEX back in the day who lost their years on one takeove.

From an article on Jayski, a website about Nascar concerning some un named Wall Street firms wanting to become involved in the sport. Yates in a long time owner of a team Robert Yates talked extensively with the potential investors and reached the same conclusion. “You sit in a room with...

to impress Jodie Foster?

i know him real nice guy been a trader for many years

some of the biggest men i know are women on wallstreet

typical Jesse shakedown he did the same thing to Nike and Coke some years back look the man has alot of paternity to defend he needs to make a buck

Echotrade has allways been fair with me when I had situations

thats what you get for trading at Vinnies stock excnage and fine Italian pasteries

Does anyone know anything about these guys? they seem to be marketing themselves as some sort of trader agent types

It happens to be that when I was at Echo I had 100 to 1 from day 1. In my personal situation I had a track record and a style that called for it

no they come to your desk and raise your limits while a stripper gives you a lap dance and feeds you caviar

true but that was after they blew up Here is what I am getting at. A trader in a prop firms money is at risk in one of two ways. the first is that the firm blows up and he loses his deposit or retained earnings. The trader in this case has very little recourse weather he is an llc or a sro...

I do not mean arbitration where the trader got his money back. I mean a situation where as a result of a dispute with a trader, the firm or its principals were fined or suspended by the regulators or where forced to pay significant punitive damages to a trader.

can Don or anyone else specifically cite a case when a exchange or SRO took regulatory action against a prop firm for not paying traders or the like? i have known of action being taken for capital short sales, and licenses but i can not recall a prop firm ever being disciplined for issues...

i know of people who get much higher leverage then that at echo it is negotionable based on trading style.

echo gives 100 to one

actually sub prime brokers exist because wall street needed to create an asset class to securities not because people needed houses.

i think the rumer was in the paper on friday morning

"3. Accountant. Haha, that's because accounting sucks and most people will go crazy doing it. Even with the money you can make, most people just cannot bring themselves to that occupation. Seriously, when you think accountant, you think BORING." also demand for accountants surged after the...

http://ups.com/pressroom/us/bios/bios/ virtually all of the senior management at ups started out on the dock