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"Let Wall Street Pay for Wall Street's Bailout Act of 2009" http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.1068.IH: Estimate the costs to your trades with a total 0.5% tax to each trade (in & out). Whom of us could continue to trade with such a large tax per trade?

Is this related to "Photon Path"?

You are refering to Geneva on Michigan Ave.? I think 980? There is also a Geneva Capital in 440 South LaSalle. There should be a Geneva person on here. They've been around for a while.

danjos, Thanks for posting to the thread. Where (in the world?) is your friend located? I think this group is like most and everyone is in the office. It's tough to support a trading desk live from a remote location. If you have a resume to forward, pass it one to me. You'll need...

Thanks for your response. I'm actually looking to bring someone in to an existing trading firm, not help someone I know find work.

Firstly, I'm posting in this forum because the people I'd like to communicate with often work specifically in prop trading environments. Moderators, I hope you do not find a post here inappropriate? Been asked to help find a senior developer whom might be able to join a small...

Been quoted 5 mils/share for execution with a major DMA broker. I don't think they have low clearing arrangements with a major clearing firm/investment bank. Thought there must be an option at or under 10 mils/share.

Can someone give me a sense of what kinds of fees are competitive at various prop shops? I'm particularly interested in an all-inclusive rate (brokerage and clearing) with rebate pass-through/market-taking charges separate OR included. I know some people are paying $0.0025/share just...

I have heard an approximate yes to this type of question about Peak6. However, this is not unique to Peak6 if you ask people around town. GBAR, maybe even old Stafford might have had these type of agreements. While not all these non-competes are enforcable in Illinois, it's expensive to...

Word of mouth who knew a partner at GETCO was also listed as a parter at Photon.

I believe Photon Path has some relationship to GETCO. Check out the partners/owners list and that of GETCO. Not sure what this says other than the possible level of technology...

Don't know about Breakwater in NYC. Possibly not affiliated with the Chicago office or maybe sold or split off. Some partners in the past left on poor terms from what I heard. It's the trading business. Not everyone gets along... Final word from a few folks is one of: 1) cultural...

Anyone have a sense of how the merger is going? Peak6 has the reputation for being a profitable equity options trading firm, not necessarily strong in technology. Breakwater has a reputation for being a profitable trading firm with strong technology. Each might provide the other...

If you're familiar with greater NYC prop firms you might find some prop firms in Chicago quite different. Several offer a trader to trade firm money unless you are looking to trade larger capital to start. It's less the burn and churn from what I can tell. Several people will point...

Aren't the standard commodity markets NOT strongly correlated to S&P 500 and other equity indices? I recall a negative correlation between CTA fund returns and S&P500 returns from past studies.

Is anyone in ET working for a CTA? Curious to know how CTAs did over that 2.5-3 week period of high volatility? Is there a Barclay's-like monthly return summary for CTAs/asset managers I can look at online for free? A smaller CTA I worked at laid two people early last week. I didn't...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=102510 If you have any thoughts about smart routing and would like to post them I would appreciate hearing from you. Am trying to learn about smart routing, the various options that are out there, costs, and opinions of...

Was wondering if someone could pipe in on smart routing? Not familiar with smart routing for equities but it seems a large number of members of this forum must be aware of the value of smart routing for intraday trading of equities. Does smart routing involve holding the entire...

Just curious if anyone knows the folks at Nico? I used to know a couple of people from Nico when it was in the annex of 141. Not sure if anyone is left from those days and they moved (maybe?) in 2005 to 200(?) S. Wacker. Quinn? Would love to hear whom is left from those days at Nico...

How's everyone seeing this market? Someone in the office says the third FED injection may be due to some bank in real trouble. WAMU with all it's residential mortgage loans on its books? Any ideas?