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they are market makers. mainly in option markets. this is NOT a prop shop or aracde. http://www.chicagotrade.com/home1.html

Chicago trading is not a prop shop or arcade. They are a Market Making firm. This thread is more about prop shops. I am VERY familar with CTC but I know little about Jump trading. I am biased when it comes to CTC but I can tell you if you have an offer with them I would jump all over it. Ask...

i guess i dont understand why the guy got fined for putting in the orders? if your a member at the merc and trading on glbx with 20 k in your account you can put in any size order you want? this might be true but it doesnt make much sense. i would think the clearing firm woudlnt be too happy...

i dont think the clearing firm/brokerage firm would even let you enter an order that you dont have the money for. with a 20k account you would not be able to put in an order for 1000 minis. some clearing firms MIGHT if you are a huge trader with a few accounts. if you stack the market with bids...

no...cant see the stops or stop limits...wouldnt that be tasty? jim

true statement about arbing the minis...not enough paper flow. just to add one thing about "fake" orders. i have a globex machine on my desk i use as a back up for TT. the globex will tell you exactly how many orders make up a single bid or offer. so right now im seeing 19.00 bid on 4000 minis...

i have heard rumors that there are programs now being used that will cancel a working order after 1 mini prints at that price. if they want to play that game then let em...you just have to realize that you can no longer lean on that order. times are a changin at a rapid pace and you just have to...

i love this journal...please keep it going. thanks jim