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Nice try but as was mentioned before there is no way to get a good fill on Eurex or any screen on any order of size. Too many institutions have it good in the pits and that is what matters. That is who is ultimately going to decide the fate of the CBOT and any pit. It is not somebody who is...

Most media outlets were saying that as well as all the Chicago newspapers had huge articles about Eurex putting CBOT under.

Forget about the Ags. Bottom line is every media outlet was touting the Eurex as the end of the Board. There are locals in the pits doing as much volume as all of Eurex (well maybe they are doing a little less). Even though there were rumors that Eurex was offering big traders...Kenyon...10...

So much for those "BIG PLAYERS". Eurex is doing about 1-2% of the volume of the CBOT screens. Today I think it was about 1/2% across the board. By like 9 today it only had like 70 contracts traded to 130,000 something on the screen. Eurex doesn't have the money that people think and will be...

The "same income" isn't an assumption. Both positions offer the same...28k draw. So I'm not sure where you are coming from but feel free to expand. I only said lets assume that to avoid this whole conversation and focus on the point...Pros and Cons of equities vs. futures.

So if you had two offers to be a prop trader, one at a futures firm and one to trade equities, with a 28k draw at both, the futures firm looks like the way to go hands down. Oh yeah, no capital cont. at either one.

I was wondering if you could give an opinion on pros and cons of trading equities or futures...assuming Pay and commissions are the same (I know they won't be but to get to the point lets). Any info would be greatly appreciated.

Great post Momo...both positions that I am going to interview for pay about the same...30k first year but both are a DRAW! I always read about people asking about pay for prop jobs and I try explain to them what a draw is. It is not a salary and once people actually find out what it is they...

Thanks, I have interviews with a futures and a equities firm after the first of the year in chicago. Neither requires a cap cont. I have heard that futures are easier (I know this will draw a lot of comments as to what easier means)......as in the sense that there is more volume and a larger...

I am wondering what would be the pros and cons of trading the two. From the perspective of a job seeker looking at taking a Proprietary trading position in one of these two. Both would be on the screen and lets assume pay and commissions are the same. Any info in helping me to choose would be...

NO shit, I was just making a point, tool, that your supposedly real time quotes aren't close

They are passing buttons out at the CBOT...."LIFE is better without YOUR EX" They are trying to do what they can to limit the Eurex. It didn't help when Sec Treas Snow visited and walked through the floor when some idiot clerk yelled to him..."Hey Snow, BUSH SUCKS!!!" Probably not a good idea...

The market reporters are way off, they usually have a bull horn or speaker to remind traders that the boards (at the exchange reflecting the pit prices) are off. The Dow boards are always way off. The only way to get REAL "Real Time" Quotes is to be reading the hand signals in the pit.

OK, the other handheld available is the Compaq iPaq not a Samsung. Both Compaq and Dell have agreements with the Board. The handhelds are given to traders to use with A/C/E and right now they are free. For Dow Traders, if they do not put their trades on the handheld they will start being...

I think they have an agreement but Dell isn't the only one. I want to say some also use a Samsung but I am not sure, I will check that out tomorrow. The models are the X5, some traders might use the new model but from what I have seen they all use an X5. The Dow Pit is going through steps...

Don't know if it makes a difference but I work at the CBOT and the majority of traders who use a handheld on the floor use the Dell Axiom.

When I took mine, I used Dearborn and they were excellent. Best advice was to study the book ONCE and then use the practice questions over and over until you are consistently scoring in the upper 80s. I did that until i scored 90s in every section. I took the test, finsihed the first part 40...

thanks

I traded today but wasn't in the market during that drop. I'm not letting them dictate my goals to me I asked them what to realistically expect. They are the ones who are getting me the job so I figured they would know. I only trade 1 contract at a time, am I doing that right. I'll risk...

I don't know, I guess I'm looking at this wrong. I have been told to expect to make around $40K your first year. I have also been told by people who actually trade Dow Futures on the screen and in the pit as well as people in Treasury pits that not to expect much more your first few...