Search results

Robert A. Green , You make some very valid points. Not all LLC's or prop firms are the same. At LWS we feel traders should put up a significant capital contribution, of at least $25,000 or more . Short term trading is of course high risk and only risk capital should be used for day...

Without getting into details, this is being done by many sophisicated traders nationwide. Everyone on this board is way too late and IB's setup would probably not be fast enough. You need FIX executions in 250 ms < or less to even have a chance to compete. Since traders are doing these arbs...

It seems to me eventually all the mergers are going to result in scalpers having to worry less and less about hotkeys as things progress. At least that is what I hope. Avalanche, Very True! REDI, for example is proactive and REDI+ has reserve functions for NASDAQ/AMEX/NYSE ,so hot keys...

Also, are you saying that a prop firm cannot survive by offering .005 per share? Lets put it this way-Professional stock clearing and trading has alot more "risk" than long distance service. You can't sqeeze blood out of a stone. Gene Weissman...

Newatthis, The problem with firms that offer the "cheapest" rates is that they have no money left to maintain their iinfrastructure. Remember Value Jet Airlines ? If a firm charges .005 per share, how does the firm make any money? The answer: THEY DON'T! If they don't, why would you...

Complexity , Well put. ARCA is quite slow for FIX traders. Most of our FIX traders do most of the order flow on REDI & ISLD. Most traders would not notice the difference between REDI & ISLD . It really depends on your strategies your are using. 100 ms can make a difference. We get...

hmap1, Good observation. I don't speculate about the SuperMontage and I'm only reffering to the info on ISLAND's website. I would not be suprised of Instinet & Island combined crossing networks(after the merger) since the combining of the networks would save big dollars. Most traders...

On the REDI website , there is information on the integration of ARCA & REDI . I have no information on Supermontage, but I doubt that Goldman would not allow REDI-ARCA to have access to Supermontage. ISLAND will participate in Supermontage and all ISLD subscribers will have access to...

Best of luck Jeff & Vito I'm glad to hear both of you are now working together for the benefit of traders. Keep in touch and let me know how everything is going. Gene Weissman Lieber & Weissman Sec., LLC...

Just a note. When trading firms change clearing arrangements, the change has very little to do with the direct access software. You usually can use whatever EDAT software you want if you clear through SLK, Penson etc. We use or have used Instinet, ROX, REDI+ & Real Tick . REDI+ works well for...

We get executions on ECN matchs's in 200ms< , that's miliseconds on our network. REDI+ is an execution platform, not really designed for charting, alerts etc. We use REDI+ with Bridge and AT and things work well for us. You can't please everyone, but if all our traders could not trade...

Just a note. We can use any software we want( we offer ROX as a back up or for basket traders). REDI+ is a decent all in one order execution platform. REDI+ performance will vary from firm to firm based on many factors including network maint. , WAN or internet , exchange problems...

Just a note. We've talked about starting a hedge fund and touched on starting a mutual fund on other threads. I doub't very few members of Elite Trader have the resources to start a fund and even fewer have the resources to start a mutual fund or closed-end fund. The legal framework and initial...

stevet, Trading NASDAQ on an EDAT system can be complex and everyone has their own favorite set up for software, charts, hot-keys, point and click , right click etc. Depending on how many positions you are trading and if you are a scalper or postion trader, everyone will have their own...

Avalanche , I think you make some very valid points on REDI+. If you are used to a hot key system like the Watcher, REDI+ may not be for you. I do say that Redi+ is a very good all-in one order execution system. We have used many of the others platforms, but REDI+ works vey well for...

No negativity, but please,,,THE SERVERS ARE OVERLOADED WHEN IT GETS BUSY IT GOES DOWN FOR THE COUNT,,,,THE BOOKS GET STUCK,,ORDERS GET STUCK ,HOTKEYS ARE PATHETIC-TRY TO CHANGE YOUR SHARE VOLUME OR PRICE ,,,,DONT YOU UNDERSTAND HOW COMPETITIVE IT IS OUT THERE???THIS SYSTEM REQUIRES 80% MORE...

REDI pluses: Automatic Updates (even though updates are few and far between); the clock is in exchange time REDI minuses: Overloaded servers; rude and abrupt support personnel; plain jane interface; laughable charting; really annoying intraday pop-up messages; limited hotkey functionality...

I'm telling the truth, REDI+ is the largest direct access software in terms of share volume. REDI+ works well for us. I can use any software package I want. Why the negative comment? Gene Weissman Lieber & Weissman Sec., LLC...

Just a note. We have been using REDI+ since the system started. We co-marketed the ROX system which was one of the first all in one order execution platforms(NASDAQ/NYSE/AMEX/MM routes) in 1997. We have had alot of experience with direct access software and use REDI+ because we feel the...

chs245, Did you ask Don Bright your question? I would suggest you ask Don Bright(he has alot of experience in accounting) and you are with his firm. I would agree with metooxx , that you should have a US accountant(or at least employ one as a consultant) to help you on tax issues and...