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It's funny how suddenly eveyone is concerned with what the owners of the firms do with their money. They didn't start a firm so they could break even or make 100K a year. Should Bill Gate return all his billions, and charge us $5 for windows? Like any other business, they're in it to make as...

Look at most firms in those days, they all charged absorbent commissions, but no one cared at the time because stocks were moving points at a time. Unfortunately for Hold, they didn't adjust the commission rates down when stocks stopped moving in points. When I started in this business, I was...

SLK is one of the most expensive clearing firms on the street. Instinet is alot cheaper, that's why there finally able to lower their traders commissions.

Well said mister BlueCHIP!!!

Like most other trading firms, they found the recruiting for offices in the suburbs, wasn't easy, and they're consolidating everything within the vicinity of major cities, where recruiting is alot easier.

It's the execution software we use at Hold. Funny name, LOL. Sounds more like a sports car.

There are other costs involved. You either have to be a NYSE member, own a seat, or you have to , don't know the exact term, lease a seat, which I believe runs somewhere in the several hundred thousand range. There in the process of either leasing a line from another clearing firm, or...

The space they had was too big, and was a waste of money. The new space allows them room for expansion. Plus the building has alot of vacancies, so in case they start to grow quickly again, it won't be a problem to rent more space as needed.

Greybox is awesome. For NYSE traders it has probably the quickest executions I have ever experienced, and I've worked for two other firms. The software itself is extremely stable. The only problems we have is when one of the DOT providers goes down, and there's nothing anyone can do. It's...

Both terms are used interchangeably. If you decided to leave and start your own firm, you couldn't compete with us by recruiting our traders.

Actually you're wrong, Bankerbluechip is not Steve Hold. I know who he is, and the man makes some really good money. He's one of the most consistently profitable traders I have met.

Those are self clearing firms that have a direct line into the exchange.

Depending on the group you go into you might not have to sign a contract. The contract is negotiable. I run a group there, and we do not make any of the traders sign commitment contracts. The only thing the trader has to sign is a non-compete, which allows them to leave to go to another firm...

The NASDAQ futures. If you're using AT Financial, the symbol is ND*.

I work there. The firm has done an excellent job getting their finances in order. They just went self clearing, which speaks highly of their financial stability. Now that they've got their costs in order, they have begun expanding again. Let me know what else you want to know, and I'll pass...

You've got to be kidding me. I was there for a year and Belzberg constantly went down, and that was 2000 - 2001. And when it did, it was a disaster. New traders at Wolrdco are given the DOT system to trade from, which doesn't even allow them to NX. W/o NX, you might as well not trade the...

Daytrading is different, you should definately find out on the first interview. Rarely is there a second interview. If they like you, they'll offer right there.

Thanks for responding, it was very helpful.

The link is giving me some sort of an error.

Well said!!