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T3 may be a better option for you than Avatar Securities. I trade remotely for Avatar and their prop desk is mostly made up of traders who have been trading for a few years. They do not offer any sort of training program. If you have a documented record of profits and some references they may...

This is definitely a simplified list. EDGA, EDGX, and BATS have been constantly adjusting their rates over the last few months to grab volume from ARCA, NSDQ, and NYSE book. The routing charges are actually more complex depending on how/where your order is routed. Ex. If you send an order...

These are the posted rebates and charges from the ECN websites. Rebates and charges are per 1000 shares. If you are at a firm that is marking them up or is not giving you rebates, you have a crappy deal (unless you have a decent all-in rate). NYSE STOCKS ECN ADD TAKE ROUTE NYSE...

I'd say it's the latter. Very few places fit your criteria since the risk/reward ratio doesn't make sense for most of the firms out there. The attached location MAY be what you are looking for. Not sure.

3 to 3.50 sounds about right, with 100% payout. There are more factors involved in every deal besides rate. Software offered? buying power needed? payout frequency? Tech support? Office environment? Do you put a premium on any of these things? Hopefully you are getting a great...

If you are trading through an LLC, you have to pay the pro rates for market data since you'll just be trading in a sub-account, with the main account in the LLC's name. (All of your trades are in actuality being made in the in LLC name, not yours - you do not participate in the capital gains or...

This can be a fair deal if the rate scales down with volume. Say .0045 at 500K shares, .004 at 1 million shares, etc. There are more things to consider: 1) if the software is top-notch (i.e. anvil, lightspeed) you may consider paying a little more - stuck quotes and orders can cost you...

As I understand it, after the Nasdaq/Island/Brut consolidation took place, it is now one book. There is no need to route to INET specifically. All goes to the same place. I assume your firm still lets you send orders to ARCA, BATS, EDGA, EDGX, BTRD?

Not sure if you're talking about the same Avatar trading go hokies. Or maybe you're just trying to bash a company that's doing things the right way because you are the competition. rich87a, I trade at Avatar remotely and sometimes in the office when I can make it into the city. They pay...

There's no desk fee if you trade Lightspeed or Anvil through them (I trade lightspeed remotely and sometimes in the office). If you want to trade lightspeed, anvil, or any other equities, futures, forex, options, etc. platform with your own retail account (no sub-account) you can just pay the...

My per-execution account only makes sense for large size orders, which eliminates GOOG and other pricey stocks (anything over $40-$50). I'm not trading 5-10K share orders of these expensive stocks. There's no way I'm holding $1 mil + of equity, it's just not my trading style. For scalping...

I have two accounts at the prop shop I trade at (per-share and per-execution) The per-execution account is used when I'm trading larger size and ends up coming out to $.002 per share (ECN, SEC, NASD fees included) at the end of the day. That's the only cost structure that makes sense for...

Southwest Securities clears for Avatar traders using Lightspeed software and Assent clears for traders using Anvil software. I'm currently using Lightspeed and short list is pretty good.

I scalped with barkley and avatar trading. lightspeed platform was great for scalping nyse and very fast for nasdaq. i had to get out of scalping when hybrid started. it's wasn't the software, but rather the markets changed and i couldn't adjust.

Yes, all the traders in a prop firm are pooled together to come up with monthly volume figures. However, it's not only the prop firm you work for, but rather all the prop firms that trade through a broker/dealer that count towards the volume traded when figuring out if it meets the levels for...

My buddy just opened an account with them. They definitely are taking on new guys because I see them advertising. I can give you Ray's # if they didn't get your email.

I am new to options trading and wanted to know the best way to hedge some equity positions I sometimes find myself taking overnight. If I am long 10,000 shares of GPN at 40.05, and was looking to limit my downside risk, what is the best method? I'm looking to create some sort of safety net for...

EDGA and EDGX are 2.60 rebate for NYSE and Nasdaq. EDGA rebate is gone in Feb. If you're getting 2.50 rebate on ISLD you are very lucky your firm doesn't realize the error, or they're adding 30 million shares a month as a group and passing the increased rebate onto you. Hopefully it's the...

pdxforex, if you happened to pay with a credit card through Paypal, you can recover the balance owed to you from your CC. I had the same thing happen to me. If I didn't use a credit card, I would have been screwed.

What prop firm has brainwashed you? Where did you read this?