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First let me thanks evyone for all of their feedback on various posts. Like every other noob I have been trying to figure out what the best type of agreement is. Of course it certainly depends on your style but I have attached a spreadsheet that compares the 3 different arrangements (retail...

Do any of your firms allow you to select a different structure as your style morphs? I assume most shops are set up for one particular approach?

seriously no one can answer this?? Do you have to use ECN's or no???

Fair enough but if you are just starting out or you fall into the camp that believes stayle are always adapting or changing this becomes an important consideration. Unless you plann on changing firms everytime you modify or adapt you style.

Okay before I ask let me prempt any sarcasim. Yes I am a noob, trying to learn as much as I can re prop firms, costs etc. what I can't seem to get my head around is how often do traders employ the ECN's? Basically i am trying to determine if these are a cost that I need to incorporate into my...

Interested in your thoughts on which would rather have: (1) Would you like low comissions and a profit split or (2) higher commissions and get to keep 100%? I assume the answer will vary based on trading activity, styles and deposit requirements. Looking forward to the debate.

A quick question for any of you career market makers. Is this a dying space. I understand from friends in the role that thanks to the algo's this role isn't what it once was. any thoughts?

After spending a few weeks reading all the posts on this thread and trying to compile a list of each firms specs it occurred to me that perhaps we should have a sticky post or thread (permanent) specific to each firm. This would save new users time when searching and older users time having to...

To further Don's point: Probability of Trade Win & Ratio of Profit/Loss Tuesday, April 14th, 2009 by Grace Cheng When trading the forex market or other markets, we are often told of a common money management strategy that requires that the average profit be more than the average loss...

Can anyone help me to understand the main differences, pros and cons between the most common versions of a prop shop i.e. Bright Trading and a retail shop like Interactive Brokers?

Can anyone help me to understand the main differences between the most common version of a prop shop i.e. Bright Trading and a retail shop Interactive Brokers?

After doing a fair amount of research throughout this forum I have come to the conclusion that most prop firms are trying to walk the line between a business partner and a service provider except by trying to do both they appear to miss on both accounts: Business Partner If this was a...

Just to follow up I checked the TSX fees and they are listed as 0.0037 per share for removing liquidity. So looks like they are just passing through based on a million shares traded (removing liquidity). Interested to see how that compares tou the ECN fees in the U.S. Also IRESS is the...

some additional info available here: http://tracereed.com/index.php

what about your ECN charges and rebate? Included in the price? I've lerned lately that some places mark up the ECN.

Appreciate this is a bit of a sensitive question but I would appreciate any insights anyone can provide Perhaps to compare apples to apples we should identify if you are; a) trading 100% (or split) with a deposit b) trading with a split with no deposit Thanks all.

Anyone have any up to date specifics on this firm?

From what I have been able to determine their seems to be a great deal of variation regarding what firms charge for ECN costs. Does anyone have a list of what the exchanges charge and what the averae for reputable firms is?

Thanks Don, Your responses throughout this entire board have been very helpful. Perhaps you could help clear things up on this post: http://www.elitetrader.com/vb/showthread.php?s=&threadid=160688 I have some specific questions i'll PM you about your firm. Thanks

Hi all, As you can see from my flurry of recent posts I am attempting to do as much research as possible to ensure I have a clear pictures of what's required to trade for a living. Unfortunately I have become a bit confused and would appreciate any efforts to clarify the following: A)...