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I guess that is your right. A reasonable dose of skepticism is always healthy but I don't see anything in my offer to be 'suspect' of. I am outright stating that it is a commission based position therefore, I have not made any offer to good to be true. Nobody is forcing anyone to be interested...

Dear NYSEscalpa, There are no absolutes in this world. Hedge funds do not have a specific vendetta against prop. firms or day-traders. The problem is that these types of folks rarely deploy the types of strategies that hedge funds are really looking for (sophisticated arbitrage type...

Dear Steve46, What's all the cynacism about? I have people in my firm making a ton of money. Many of their first placements I handed them on a silver platter (as in take this candidate, show him to XYZ hedge fund, call Mr. Jones at XYZ hedge fund, tell him this, etc. etc.). Obviously, people...

As some know, I run a multi-strategy hedge fund in New York. I also own a small day-trading operation. Finally, I own a recruiting firm on Fifth Ave. in New York that specializes in making placements in the hedge fund community. Make no mistake (to quote Bush), hedge fund hiring is absolutely on...

I took $500k out of the Yen today.

Jay, Frankly, I believe that you are both making similar points. I believe that he agrees with you (as do I) that currency intervention by a world central bank is just a temporary measure. This is the reason that he is pointing out and advocating long Yen positions. I can feel his frustration...

It is clear and obvious to everyone that follows the currency market, that Japan is currently the dominant force. What they are doing is unprecedented and frankly I'm sure quite unsettling to US policymakers. They are going to unbelievable lengths to keep their currency artifically weak vs. the...

The short answer to your question is, don't be concerned about the liquidity of the option, only concern yourself with the liquidity of the stock. There is always an Arb there ready to do YOUR size on the other side of the trade as long as it can be Arb'd against the stock. Of course, the more...

You will be trading your options most likely with Arbs on the other side (who will be trading with you delta neutral against the stock). As such, you should figure out how many shares it would take to move the outright market the max amount that you would like divide that number by the delta of...

Yuan is going to get 're-valued' and Asian currencies are going to strenghten sharply (Yen). Euro will strengthen a bit in sympathy but basically it takes pressure off the euro-zone currencies (currently they are the only freely floating currencies to sell against the $$-i'm including GBP, CHF...

I've never heard of scalping being considered unethical (stupid maybe) by the interbank market. I've traded interbank F/X and prop. F/X for over 10 years. If you want to cross their bid/offer spread all day, you are more than welcome to do so. In quiet markets, a 1-2 pip spread is more like the...

Does anyone really know the actual interpretation of the new proposals? Does this definately kill rebate trading? I read the proposal and frankly, I have a hard time understanding it. Thanks.

Thank you!

Can you provide a link to this information? I'm interested if this will actually eliminate the ability to pay rebates. Thanks!

Why is everyone comparing prop. trading to hedge funds? The simple fact is that hedge funds often trade products and strategies outside of the universe of typical proprietary trading. How about Convertible Arbitrage, High yield trading, Capital Structure arbitrage, International Statistical...

Trade of the year. Sell EurYen. Yen is going to be sub-104 vs. $ soon. Eur will probably hold relatively steady. Any pop in $/Yen, sold to you!

I liquidated the additional positions that I added today for around a 6 point average loss. Still holding some position and will liquidate some more on Monday if we don't see more negative price action. Probably liquidate more on Tues. if same. Might consider getting bullish if the week turns...

Obviously, I thought that something was awry given my ? as to whether this was a gift or stupidity on my part. I understand full well that when something seems like a gift, it's usually a klunk. I hesistated to be overly aggressive, however, the spirit of my hypothesis has not changed. Much of...

No Prob.

First of all, Iceman, I am the first to accept constructive criticism and I can't imagine that your comments related to such are directed toward me. If so, can you kindly point out where you feel that I was getting defensive or unappreciative of others opinions? Second of all, imagine that you...