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There are plenty of firms that give leverage if u put some $$ up. There's even individuals that are willing to provide leverage at any firm the trader decides.

Echo only provides leverage, they don't back traders...right?

There are plenty of prop firms out there that charge low tickets. Traded at one charging .0050 per share, but the trader had to scalp! One way trading....few were net.....even after they were all zeroed out! (they did charge fees for lic...quotes...insurance..etc

If he did buy a seat, I'll bet that he bought a seat so he could make a mkt in the ssf. Owning a seat gives cboe members huge margins. Plus the seats are at all time low prices. Most of the stock firms couldn't survive in chgo, but many prop future firms are. It makes total sense, less...

Schoni bought broadway to enter the retail end of the business. This gives them access to some decent software (watcher) for naz scalpers. He can collect commissions on retail money now, not just on his boys. You may already know they were somewhat in it a few years back, but were fined due...

is it true that shoni was look to buy broadway for 14mil?

I agree with you! People talk about gross payout because some firms will pay traders from gross. I used to trade at a prop firm and was paid 20% of my gross because they charged me excessive commissions.