the system typically used there worked for a long time. unfortunately like all systems it began to fail. in terms of firms using arbitrage techniques and succeeding in a market with zero deals... i'd love to see that hocus pocus. this market is filled with gap after gap overnight, intraday...
metoxx you have zero clue what you're saying about schonfeld. That firm produced more money makers than all of the day trading firms combined. no question about it
I think the hardest thing for any ex-market maker to do is start small. There has definitely been a learning curve for me to cut losses and most importantly trade small. For any ex- market maker reading this thread, take my advice and start small.
I know that my tendency to start was to...
I agree that many times traders are better off with no preconceptions when starting out. My feeling on why market makers have failed to be successful making the switch to direct access trading is due to a lack of passion for learning how to trade without a provided structure.
However, it...
does anyone know how well echo is capitalized. They seem to offer a tremendous deal, and if they are well capitalized than it must be the best firm to work for. Any comments?
from a large wholesaler, I agree that direct access trading is a lot more difficult. However, if an ex-market maker can put his ego aside, than I think that the experience of past employment can be of tremendous value.