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I pay $4.75 for eminis - advantage is i trade equities, options and futures all from one platform all in one account.

To be a prop firm that clears Merril and gets serviced by them, a firm needs to be a Broker Dealer as well as meet certain net worth qualifications. Merril will not deal with an LLC that is not a broker dealer. You can PM me if you have questions.

ME (9:34:42 AM): BYD? Floor broker Update #1 @ (9:37:02 AM): byd; couple of sellers now , meriil and bs working 30k for sale combined - (9:37:14 AM): opened @ .50 too rich ME (9:37:38 AM): what does too rich mean? Broker (9:37:57 AM): they opened it too high - overbought Update #2 @...

I normally look for set ups and try to confirm them with looks - this give me more confidence in the trade and my position naturally. The floor brokers don't really care what kind of trade I do with them as long as I send them trading volume - So i have found riskless break even trades that...

A capped order is a special order that can only be placed on the NYSE floor thru a floor broker- If you say for example i want a 5k mrkt buy capped order @ 50% then the specialist guarantees you that your mrkt buy order will be at least 50% of the buyside of the next trade. When stocks sometimes...

Today’s looks; BLL - DJ- CBI - MSA ME (9:33:19 AM): BLL? Broker Update #1@ (9:35:27 AM): bll; 7k to buy cibc Broker gave me a tip @ (10:57:05 AM): brka for dj rumor ME@ (11:00:28 AM): what is brka for dj? Broker @(11:00:38 AM): Berkshire for dow jones its a a rumor ME@(11:00:55 AM)...

Today’s looks were in BAC – CD and CSC BAC Me (9:26:45 AM): give me a look into BAC , Broker –Update #1 @ (9:29:56 AM): bac 42.50 on 260k - ME@ (9:32:01 AM): any buyers? Update #2 @ (9:32:09 AM): checking , (9:34:37 AM): bac; merrill working 10k to buy Update #3 @ (9:34:53 AM): system...

You are right it is a problem getting so many looks in diffrent stocks so frequently - That is why I use 2 brokers and there are a few traders in my firm that also send orders to the floor broker - We actually use Helfant/Jeffries for our dot orders. Also with confidence in using floor brokers...

pretty much on target - it's also all about how you understand and interpert the info that they are giving to you. Overall comes in very handy.

ME (10:27:21 AM): COF? Update #1 @(10:29:12 AM): cof, ubs, lb,opco, bs buying Update #2@(10:31:27 AM): buyers At this point COF was very extended up and showed $75.75 offer when the last price was $75.18 - knowing that there were buyers at that exact second i watched the print which printed...

I asked (9:34:24 AM): ACS? Update #1 (9:35:34 AM): acs; .40 top on 25k is weeden , .50 low on 30k is scattered short sellers Update #2@(9:36:23 AM): acs; merrill working 25k to buy market order Update #3 @(9:38:33 AM): acs; weeden is a .83 top buyer of 5k, .90 low on 5k is scattered system...

Today's worthy floor broker call was on ECA. I don't have the exact logs of my IM becasue my computer shut off midday and didn't save the IM logs. But basically i was asking him about what was going on in ECA when it was ripping up from $52- $55 he told there were only 2 instutions buying -...

Actually I communicate with my brokers via Instant Message - I just cut and copied my entire conversation into the post. I trade on a Proprietary basis.

Brokers can trade without the specialist they use institutional ECN"s - this doesn't get reported to the specialist. In the Pits they can either call out orders or they can discreetly give their order to the specialist.

3 looks for a trade is like a rule of thumb - if you don't execute enough they will start saying that they are busy and eventually drop you. Minimum size is 5k. Many times 5k intially is to large for me - so I will take 5k but split it up with other traders in my firm who want to be in on that...

Today I used my floor broker for 2 different stocks WAT and VPI In the beginning of the day I felt that WAT was going to trade down in the 1st ½ hour of trading. This is how my conv went : Me (9:38:19 AM): WAT? Update #1 @ (9:41:09 AM): wat; bear buying working 10k to buy with a 37.10 top...

I would rather not post in this thread which firm i am with, because I would like this thread to stick to the topic ( trading thru a NYSE Floor broker) - I don't want this thread to change into a discussion about prop firms. If you really want to know then you can PM me and I will tell you. The...

Well both brokers that I used are $2 brokers (basically free agents) - Floor brokers are all about relationships - one of the brokers i met thru extensive networking and the other one I use - my firm highly recommended to me because they already had extensive relationships with him. As I am...

Here is an example of a trade that I did based on information from a floor broker. I was watching NCR in the morning, it was up a lot, and I got an idea that Intuitions might be covering some gains. Especially since the market has been down lately. Looking at NCR I saw three 5 minute periods...