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Ya, that's not very efficient. It's always better to have a direct contact person as AlphaTrader mentioned. Perhaps joining a sub-group will alleviate this concern. Both Chimera and Avatar updated their sites to reflect the change in SRO. Obviously T3 knows who their SRO is, so it's probably...

I'm not sure what happened back then, however it's probably a good idea to ask them why there are no recent financials on the SEC.gov site. Maybe they are now a sub-group of another registered firm, in which case they wouldn't have their own financial statements reported on SEC.gov. The firm...

Maybe they will reinstate your 56 as long as you take some continuing ed, rather than having to take the exam again. This was one of the exceptions for those who had an expired Series 7 during the time everyone had to be licensed with the 56. I'm not sure if they can make exceptions for an...

TSLA is a momentum stock driven by its growth prospects, especially with the announcement of a lower priced model and the new lithium-ion factory being built in Vegas. It does not trade on fundamentals, so the market cap is out of whack.

I was told when I left prop to trade retail that the 56 is valid for two years from the date of the U5 (the "separation papers" you got from WTS). So the date that is critical is the day of the U5 paperwork, since you have two years from that day to rejoin a firm by submitting a new U4, or your...

Hold Brothers is the only firm I know of that doesn't charge for their own proprietary software/platform, but you'll still have to pay "professional" data fees to the exchanges with any firm. The other Series 56 firms will charge you a fee for using one of the better known platforms...

Never heard of them, but under SEC.gov, it shows up as Benchmarq Trading Partners, LLC, and the last filing that shows up in the SEC's database is from 2010.

U.S. based Series 56 prop firms as of today (in no particular order) Bright Trading Chimera Securities Avatar Securities T3 (which just acquired WTSprop) Quasar Trading Hold Brothers There could be a few more stand alone firms, or sub-groups of the above. Scroll through the prop firms thread...

I don't think you can have foreign investors if you have a state-registered RIA, however I believe you CAN have foreign investors if you're set up as a hedge fund, which of course is more complicated and more expensive. Check out this link for more info regarding RIA compliance...

Ok, I do agree with the part of your post about asking questions. Specifically, IF a trader has to choose between putting up, say 50k with T3 vs. Bright, I would ask the following: 1. In 2010, 2011 and 2012, T3 listed the total members' equity by class, but in 2013 it did not. What was the...

I think the scaling up graph is more of a guideline, to show that everyone starts with 2 lots regardless of the combine they passed.

For those who haven't seen this, it's quite a good look at the world of trading, including a few appearances by Scott Reddler of T3. It's from the BBC and fairly recent (early to mid 2014).

So to sum up, T3, also from public filings: - had class C members (licensed proprietary traders) who MADE MONEY in 2010, 2011, 2012 (2013 not being reported by individual class) and 2014 filings won't appear until March or April 2015. - increased its total members' equity by a factor slightly...

But wait! Sgt Slotter didn't mention the following "kickers" regarding Electronic Clearing... From page 7: "Cash of $43,243,200 has been segregated in a special reserve bank for the benefit of customers under Rule 15c3-3 of the SEC or agreements for proprietary accounts of introducing...

"T3 loses money year after year." Sgt. Slotter seems to dig deep into specifics, so let's add a few: In 2010, T3 reported members' equity of $1.2 million. In 2011, that number rose to $9.1 million. In 2012, the number rose yet again, to just over $10 million. And in 2013, the last year...

It's subjective, and depends on how much equity you've built up. Here's what TST says on the site regarding scaling up: "All account sizes will start with a 2 lot maximum position, and the lot size will increase according to the graph below, as you build equity. In order to maintain the buying...

Ya, the small room in a commercial establishment/office building is a good option, if you want to trade in privacy. Either you can look for this yourself via online search in your area, or call a commercial real estate broker. Regarding the option to share a room with other traders, I think...

I misread the announcement. "Traders may also withdraw their profits at any time, that means there are no longer any Junior or Senior levels!"

They send out a group email when one makes it to Senior Trader, so the "carrot they are dangling" is obviously working for some. The questions remain the same: 1. Can I pass the combine and make Senior Trader so I can start taking checks? 2. Can I increase my lot size over time?

It seems TST keeps improving the program in favor of its traders. If one can pass the combine and make it to Senior Trader, then it seems like a good deal. Receive an 80/20 Profit Split from the start! We are excited to announce the following changes, which are effective immediately, for...