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I asked because I thought I heard some ex redi plus traders talking about some of the firms using redi getting paid for order flow. I thought he was referring to that.

What are you talking about? Please explain.

Where is UTC? So no I did not. I looked at going to the San Diego office when it was first opening a couple of years ago but did not end up going over. The people I here about that went there though turned out to be pretty good traders. Probably would have been an easier route compared to my...

Many retail firms offer bullets for their retail customers. You don't have to be at a "pro prop" firm to use them. If your firm does not offer them then they are behind the pack. Just like what many firms do/did with ecn's, bullets are usually marketed up when the cost is passed on to the...

Yea you are paying 2 cents a share, but it is the cost of doing business. Besides once you learn our methods from our successful traders the commission rate won't mean as much. We will never be the lowest cost provider but at least we will stay in business (for another 3 months). The one...

I trade for the LLC at Andover in LA that DaytraderNYC is talking about. I know what is possible, but depends on volume of course. He is correct about where the rates can go, but some of it depends on where you are located. Unless you want to trade remote different rates apply to different parts...

I trade thru a sub-LLC and my friends also have a separate sub-LLC, so I know the numbers from those 2 entities but not the firm. By the way both groups are mostly comprised of experienced traders who have traded a few years. For last month in my friends group the top half of about 20 people...

I did not think you were asking. Basically what I was saying is a close minded group works like a close minded trader. It is great as long as what you are doing is working. The question is what happens when it stops working. I was with a group like that where it was great when things were...

Well it helped the group at the time. It helped pull up the traders that were less aggressive and helped push the top traders in the group. A lot of it was a competitive thing. Hard to "give yourself a break" on tougher days when someone sitting two seats away made bank that day. Obviously...

I think this is a very good topic. I have been wanting to find a good team of traders that shares ideas in CA. I think it would help because as you said the market changes and what is working now might not be working later. The groups I have seen want their group to be pure to their...

The Nasdaq scalpers I know have been having a pretty tough time except for that week with all the volume last month. They were from the old school style of scalping. They will still make money but churn up 1-2 million shares most days to make it. Because of that they get dirt cheap rates...

PM me. I might know some traders in the area that could help you depending on how you want to trade.

At what other times do these MOC orders really work well? You said earlier that you do these when institutions have good reasons to be buying and selling. What are a couple of other predictable circumstance that this would occur? Friday was a special circumstance with the index additions.

I have one other question while you are answering the above questions. At what other times do these MOC orders really work well? You said earlier that you do these when institutions have good reasons to be buying and selling. What are a couple of other predictable circumstance that this would...

What are you looking for? There are several firms in Irvine, CA. There is a protrader, hold brothers, andover, bright, chicago ext, as well as a few I probably don't know. There are several private LLCs run out of some of these offices as well as some run by the firms themselves. Some...

I originally PM you, but thought it might help everyone here to have them answered in the public forum. I saw your posts today and some very good trading. You said you mainly look at naz and sp futures for direction and for stocks going to the whole numbers. You also give them decent wiggle...

ILND is the symbol that being used by the soesable Island ECN. You can see it on a few stocks right now like Dell and I think INTC.

I assume you are talking about customer accounts. From what I know there are a few in the phoenix/scottsdale area. There is a protrader, hold brothers, andover, chicago xt (I think they were bought by pointdirex), Bright, ETG, and I think one or two others. Don't know exactly where all the...

Don't put your money in an LLC. Have a customer account that is federal insured. You only get 4-1 margin, but your money is protected.

In all fairness to hold brothers, there are a lot of firms with empty offices that were once full to capacity. However I too have heard bad things and have a difficlut time dealing with the hold brothers. But I have had the same difficulties with other firms too. Andover has good software and...