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You found this 'article' on the author's company's website (google any of the text and it brings you there). Hmmmm. I would hesitate to define anything as an article unless it is published somewhere else. When you post it on your own website, it is called marketing or an advertisement, not...

Who rated WTS PG, the 'global leader in proprietary equity trader and technology solutions'? That's quite a stretch. If you they are truly merging with Dimension and offering Blackwood Pro as their DMA, they are in the back of the line on Technology providers... And don't even bother looking...

at your request - from the CBOE. https://www.cboe.org/publish/RegCir/RG10-101.pdf "A split which provides all or virtually all of the P & L to the trader is likely a red flag that the account is a customer account... If a review of the factors identified above (along with the guidance...

CTG (part of WTS) or whatever CBSX firm are subject to the rule I posted. There doesn't need to be an SEC rule. I'm not sure why you think that. You are clear that there is a difference between FINRA regulations and CBOE ones, right? FOR EXAMPLE, Finra prop requires 7, 55, and 63. CBOE...

https://www.cboe.org/publish/RegCir/RG10-101.pdf "A split which provides all or virtually all of the P & L to the trader is likely a red flag that the account is a customer account... If a review of the factors identified above (along with the guidance provided in this Regulatory...

CTG / WTS is CBSX - so no FINRA rule supersedes anything CBSX put out. (Plus the CBOE Oct. 11 was after FINRA's rules in April and in response to FINRA's vague memo). I shouldn't have written 'every other bd', you are right, since Echo is PHLX and hasn't had to switch yet. But every CBOE /...

I ask you to read my whole response before you react. I am going to save this in case it gets taken down, so I can repost it somewhere else it if necessary. I'd like to get some really good criticism of my ideas and thoughts, so I am not saying anything blatantly wrong or that is easily...

Fair enough. I know some peops are getting upset about me asking questions, but I would think the answers would only help CTG and WTS if the answers are what they themselves are putting out there. Overall, I'm trying to push people to ask certain questions for themselves. As long as you have...

There is clearly something wrong with a situation when so many people just keep telling you to go away and stop asking questions. my favorite one was from another post where the someone - not sure if you - said something like, 'no prop firm is 100% compliant' and 'the SEC doesn't give a...

sub groups may not hold your money, but what is the CTG / WTS arrangement. Let's say 1 CTG guy loses a lot of money (more money than CTG has as their 'security deposit' with WTS. Now WTS is losing money on CTG. Is the arrangement that WTS still must pay CTG's traders who are up? It could...

You disagree with the following statement? All = 100% Virtually All = 99% You're just turning a blind eye. That isn't vague.

You guys all realize it is illegal / uncompliant to take give a 99% payout as a CBSX firm? October 1st, 2010 release from the CBOE regulation department. http://www.cbsx.com/publish/RegCir/RG10-101.pdf "A split which provides all or virtually all of the P & L to the trader is...

Then it isn't a registered broker dealer.

I said there is no mystery on Nevis Trading. But it doesn't fit this exemption. If they are an entity making money on your trades, it should be a broker dealer. According to the regs you site, they should be a broker dealer in Nevis regulatory jurisdiction, not the US, but they aren't exempt...

hitnrun You obviously don't even know who you trade for. CBSX CAN NOT have overseas traders. Call the CBSX up. They have a website and phone # and everything. Tell the CBSX membership department what firm sends you your paycheck and ask the CBSX if that entity is a CBSX member. I am...

I'll state my motive outright. Recently, the proliferation of WTS sub-groups has scared me into thinking that people's money isn't safe and that something doesn't smell right. I may be wrong, and I am not making accusations, I am just suggesting good questions to ask before putting your money...

Don't hedge funds need accredited investors (million dollar net worth or 200k a year or something along those lines)? Nevis isn't a bank, nor a hedge fund. It is an offshore LLC and that is it. I agree with you that there isn't a mystery on Nevis - you know what you are getting. What the...

Agree with Robert about checking the whole package, not lock up periods. These - like other rules - have changed recently and firms may not be in favor of them, but have to comply. One example, Bright has max payouts because of its clearing deal with GSEC (who had to comply with FINRA...

In the US, the SEC is the boss of all SROs (aka Exchanges). Exchanges are the bosses of their Member firms (broker dealers). The largest SRO (Self Regulatory Organization) is FINRA, which covers all retail firms. (Finra can have prop as well.) Most prop firms are not set up as FINRA firms...

Now I'm confused if we are just crossing posts on this - maybe we already covered it but I'll reiterate my point. And I apologize, I think we are on the same page with my 'do some hardcore due diligence' posts. WTS US and WTS overseas are not the same entity. In the US legal system, they...