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Question for anyone ..... it seems that if they route to ARCA we will still pay .25 cents per 1000 and they will give the contra the $2.00 per 1000 rebate. It doesnt make sense that they will lose $1.75 on every DOT to ARCA trade. I have sent 3 emails to Ray at the NYSE and I have not gotten...

Its not 30 mm shares a month....its avg of 30mm shares a day. So if you are with a firm that does 600mm nasdaq shares a day... then you would be entitled to it. Not many prop firms are getting the rebate, unless they have some sort of algorithmic trading system for CSCO INTC MSFT etc...

I sent you a PM

I have space available for day trading that is completely wired with DSL and T1s. Multiple 21" Dell monitors and computers ready for use. Many extras including a news desk and bloomberg included. This is not a solicitation for a firm. This opportunity is for traders (preferably equities...

Any thoughts on if they will close the NYSE for Reagan .... and if so what day ?

Rebate Trading was great when you had 9 stocks in the NDX under a $1.00 at the end of 01 and early 02. I was a rebate trader making 40-50 k per month. I dont trade for rebates anymore, but when it was good..... it was really good. Its not good anymore, and really hasnt been since the advent...

http://www.dom-sec.com/ All but done....... ATTN in the ADF was the final blow. NOCI is nothing special and is not doing much volume. Hearing a lot of traders have left and they are trying to focus on institutional business and getting away from prop (although not giving it up...

Those that have overnights have enough capital in their accounts to do so. It is not a trading strategy that is encouraged by the firm and it is done primarily by traders that are up a lot and/or can afford the risk/reward. Banker

First thing...... SEC fees are about to be lowered not raised !!!! http://www.sec.gov/news/press/2004-24.htm Washington, D.C., Feb. 27, 2004 - As required by Section 31 of the Securities Exchange Act of 1934, the Commission must make a mid-year rate adjustment to the Section 31 transaction...

did you really have to post 2 times? anyway ... I do not pay SEC fees for my equity trades with my broker Seth, I didnt post twice..... I put in wrong forum last time. Sorry Banker

http://www.sec.gov/news/press/2004-24.htm Looks like we get a huge reprieve in SEC fees......... if they approve on April 1st. Washington, D.C., Feb. 27, 2004 - As required by Section 31 of the Securities Exchange Act of 1934, the Commission must make a mid-year rate adjustment to the...

http://www.sec.gov/news/press/2004-24.htm Looks like we get a huge reprieve in SEC fees......... if they approve on April 1st. Washington, D.C., Feb. 27, 2004 - As required by Section 31 of the Securities Exchange Act of 1934, the Commission must make a mid-year rate adjustment to the...

A prop trader at a firm can post a performance bond, albeit GSCO doesnt require it. If a prop trader puts up 10k, that money is not looked upon as leverage by the SEC. It is there to protect the prop firm against losses that may be incurred. To make this point, if a prop firm asks you...

You are not thinking about this logically. If you are a prop trader, trading the firms capital.... and are getting a split of the profits..... even as high as 99%, then your theory doenst work. Just cause a trader might get a 30% payout at GSCO, doesnt classify him any differently then a...

That is ridiculous....... if that was the case then you are saying a GSCO, NITE or SBSH cant trade for their own proprietary account !!! This is just a silly statement. I have heard that unlicensed traders who are not registered with a firm, (those that trade part of an LLC in a prop firm)...

http://nasdaqtrader.com/trader/news/2004/headtraderalerts/hta2004-012.stm This was posted on Friday...... Looks like March 1st !!!! Banker

Good News...... Banker http://securitiesindustry.com/midweek.cfm?article=997 SEC Approves Nasdaq The Securities and Exchange Commission has approved a Nasdaq proposal to cap ECN fees on SuperMontage at $3 per 1,000 shares and to rank ECN quotes on par with market makers', according...

My guess (for what its worth) is it is still free to add and take NYSE, and .004 to route away. ARCA would have changed the website, they are pretty good about this. Plus INET is still free and Nasdaq is free for dual-listed stocks when they get that up and running. Banker

Why not go back and break the CECO trades too. If CECO didnt go down by the same amount two days ago..... then maybe you can say COCO was erroneous. But the reason those who sold thought it was true was because of CECO. Why wouldnt it happen here too, is what most traders thought. What we...

Nobody left that would be considered major (Only Steve or Greg would fit that bill). There was a well regarded employee (not the CFO) who I think your speaking about, that dealt with traders and their checks who left in October, but he was replaced by a former employee who had this very...