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I actually believe none of these are FINRA registered. Bright is CHX (not CBSX), Echo is PHLX, Hold Bros owns 3 broker dealers (one is FINRA) but traders trade through the CBSX broker dealer I believe. Schonfeld is set up as a fund. Kershner is set up as a fund, and owns a FINRA BD, but I do...

There is no scare here. Assent the company is not closing. No one will lose money. (The only scare was a bit of a 2 day rumor frenzy when not 1 person I know who trades at Assent requested capital out of the firm.) There is no rush - they are, in an organized manner - winding down the prop...

Madison won't get any of Assent's decent traders. Most of Assent's traders are there because of the top notch software, which Madison doesn't have (Redi will NOT work for Anvil guys). Also, Assent's pricing is much cheaper, so Madison's significantly higher rates will attract very few. Most...

Someone mentioned Tradestation. I have a friend there if you need a referral. Otherwise Lime Brokerage has not been mentioned. Cater mostly to black box firms, but they do offer Mini prime and a managed account platform for manual or greybox traders as well. They clear GSEC and Fortis.

You are outright wrong, at least with trading companies. In no case I have ever heard of are new traders responsible for draws. Draw is simply an advance against future earnings, and if you simply quit or are fired, you owe back nothing. I'm not sure about other industries. If you owe...

One similarity is that at both you trade firm capital and get paid salary / draw, which makes it confusing that someone would call Chimera a churn and burn shop since the Chimera owners would be churning and burning their own money (and paying you salary to do it). Trading styles taught are...

When were the B types outlawed 1 to 1.5 years ago? Any info on this SEC sweep? I never heard of it and have been around for a while.

Anyone heard of this software, or which b/d used it?