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The optimal way is to find a firm that can adapt to your style. The firm I work with only makes profit on profit sharing, so I can enjoy extremely low fees and I get all ECNs passed through (and yes, I can and have verified on many occasions). Some traders would rather have 100% payout and...

IRESS

8$ per 1000 shares isn't expensive ? :O

Looking at this again, it could quite possibly be the most expensive proposition I've ever seen in the prop industry.

PM.

Agreed, quite a bit of work in that one !

Only flash site up to now: www.globalmarkettrading.ca

Title's, GMMI's, GMT's aren't too bad

You know Don, that reminds me of a specific pet peeve I had when I was trading at home. I had Skype setup with a couple trader-buddies and there was nothing more stressful than hearing 2 or 3 of them talking loudly about big market/stock moves while I was in the john :p But yes, technology...

Exactly :D

Never tried to trade pairs. Sure seems like it eats up BP fast.

Absolutely. I've been through that phase earlier in my career, trying to trade at home. It takes a very particular type of person to achieve emotional stability in trading while being alone 8 hours a day in front of a computer.

As long as you're profitable, I don't see why a firm should care about your volume. The only way we make money is through profit sharing, so if our traders lose, we make zero. No matter the volume.

100:1 + is not unheard of. In fact, it is more much common that you might think. Of course that isn't offered unless the trader has a decent track record. 500k BP isn't too bad is it ? ;) And some firms DO NOT make a penny if their traders don't. So they want their traders to succeed.

It was "a little under 79" according to some news articles. And yes, it was bid 94 ask 95 when it closed.

Ditto.

Exactly. A trader should not be allowed to blow out any more than he deposited for trading purposes. If the firm has any type of decent risk control at all, there is no way a couple traders would blow the entire firm up, they would simply get shutdown by the system and their positions would be...

In Canada, you would get an "inc."

Are laws regarding this subject different in the US versus Canada ? We are talking about unregistered firms though, so that's another thing entirely. It is much safer to be linked to a registered B/D and have someone monitor the legal state of operations.

As a general rule, the deposit is simply asked for so that the firm can protect themselves in case you lose a lot of dough.