Search results

They are located in the Chicago Board Options Exchange building. Third floor I think. Call ahead, as you will need someone to come down and meet you on the main level to get in. Call 877-977-ECHO to set up a visit. Last I knew, the company does not have any floor traders.

Show some class man. The search function would also provide you evidence that Lescor is no shill for Bright. The guy has been making quality posts on this forum for 5 years. As for Don Bright, he is a PAID sponsor of this site and keeps it free for you and I. Although he never passes up an...

Software is great! Regularly updated. Shows gross P/L, net P/L can easily be calculated using traded volume. Firm very stable for many years, now affiliated with Merrill Lynch. Love it. Highly recommend! tdoc

Yes, have had similar problem. Sorry, don't understand why. Another thing you may notice, is that your buy/sell signals will appear on the chart, and show you as being long/short x number of shares, when the order was never actually placed and executed by the software. The greatest problem...

Check this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=55757&perpage=6&highlight=chicago%20prop&pagenumber=6 It doesn't have the name of the company but there is a phone number from someone who apparently knows Vito. For what it's worth, I did some training with Vito...

I have to disagree with this statement. As an end user of Echotrade, a remote trader, I have noticed absolutely no difference since Pax Clearing became affiliated with Merrill Lynch. I still deal with the same people I always have. There have been no changes in rates, no new fees, no new rules...

Thanks qiuniu. My bad. I too have a RealMoney subscription (I've been with them since they started the site). I guess I have just been ignoring Cramer as much as possible since he went "MAD" and started lobbying to get his own reality TV show. I just missed the MadMoney posts. Thank God there...

Which website are you referring to? I don't think he posts his "Mad Money" picks on "TheStreet.com" or "RealMoney.com". Thanks, Tom

Like I said, a little high. I think the Echopro software (main platform made by Sterling Technologies) is about $400 per month, but I receive a $100 rebate for every 100k shares. I also use the automated add-on, Predatorpro which varies from about $175 to $225, depending on the features you...

The software is not "old", it is updated several times per year. I can't compare it to another prop firm's software, but it is more than adequate for my needs. The software cost per month is a little high, but Echo rebates the software cost $100 for each 100k shares traded per month. I have been...

Hi, Actually, you can't trade futures at Echotrade any longer. I believe they will make it available again in the future because of the acquisition of Pax Clearing by Merrill Lynch. Echo traders are supposed to be given access to Merrill's Pro platform soon. Tom

The problem is, can you trust what you see to be the true market depth? The problem with Level II is the same as with NYSE Open Book. If I see 10,000 shares on the offer, does that really me there is a lot of stock for sale, or is someone buying 100 shares at a time on the bid and slowly...

No training at ECHO right now that I know of. I did 2 weeks of intensive in-house training with ECHO in 2003, with Vito Sisto (former CEO). Training was great and essentially free. Vito is an awesome trader (Vito, where are you man?). Prior to that, training was through ECHO San Diego office...

Actually, Greenspan owns Merrill, and tips filter down to affiliates like ECHO. I always kick ass on Fed. Announcements! :D :D

Don't know what your problem was with ECHO, but I realize individuals can have widely different experiences. I have traded with ECHO for 2 years. I think the firm kicks ass in a number of different ways. The management has changed from 2 years ago, back to Jeff DeWitt returning as CEO. He and...

I'm a little late to his thread, but this is an awesome post, probably the best I have ever read on ET. I used to think trading was 80-90% psychology, I am now convinced it is 99% psychology. Flashboy, look at your beliefs. How are they making you do what you do? Telling someone to "just stop...

The hard-copy statement required to be filed with your taxes is mailed out on time. The problem is, I have never seen a retail brokerage that puts it into a usable format. They all do the minimum, which is to report the trades, but not match them and show total profit/loss. YOU need to match...

Anyone considering Tradestation for retail trading, consider this. They will entice you with good rates (for a retail firm), a powerful trading platform, and support. They will also leave you hanging when it comes time to deal with the tax accounting nightmare that active retail trading is. It...

Echo has them for sure. tdoc

jack7777766 If they would let you go down $100k, then I am worried about the money I have in this firm! Echo requires a minimum of $2000 in your account to trade. I think if you go below that number, you won't be allowed to trade until you make a deposit. Echo's risk manager, Paul...