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Prop firms in Austin have roiled over the last year. Zone (ex of Protrader) went through some turmoil. Owner changed contracts and best traders walked. He fired the CEO and replaced him with a CPA, who had been the CFO for only a couple of months, and is without much if any trading...

The issue for states like Texas is that while they have no income tax it does have high sales taxes. Texas cities approach 8.25 - 8.5% sales taxes, which are mostly not deductible on the federal income tax return. Texas also has cumbersome property taxes, which while deductible, are a...

Austin is not quite as bad on the humidity scale as Houston. Houston is the true sauna. Right now Austin shy some annual rainfal, so the humidity is slightly lower. However, it does get toasty in the summer, chases out the also-rans. In Texas if the heat gets to ya, just suck down more hot...

apologies to MYDemaray for plagerizing. MYDemaray Junior Member Registered: Apr 2002 Posts: 2 04-26-02 01:07 PM Account funding and other things???? I have a few basic q's about prop trading. Can anyone answer? Thanks. 1. How much money is one typically expected to put...

Ok. So there is an industry shakeout once the easy money days were over. Tell me a little more about what type of "business model works for a proprietary firm. I infer from reading some of your posts and the responses/questions that your model is not a provide-the-capital-&-split-profits...

I live in Austin, TX -- and, OK, not the center of the universe for trading or proprietary firms. But in the last month the Momentum branch, and now rumored, the Hold Bro. branch are folding up their presence here. So is this a larger trend where the pro trading firms are not profitable and...