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has anyone purchased this deal :)

That book was a great read !!!! It's not 100% accurate but it sure does open the eyes of the Avg trader who needs to understand what happens when they send an order Into the mkt

Just negotiate a monthly volume minimum of around 300k shares a month with no software fees just market data. If you trade under 300k agree to pay the 225 but if you trade over 300k shares you don't pay for software.

The $225 and $80 are made up fees ....they own the software and no one charges their traders for prop reports. 100k to 200k shares a month is pretty low so the firm does need to make some money somewhere. What is your payout ?

The main components of prop vs retail depend on what your trying to accomplish. Are you in need of more buying power Does your model have room to scale ? If so a prop firm can help you grow the model with additional bp plus most shops will back a good portion of your risk. Tech support is key...

You seem to be pretty knowledgeable about the business...lets chat one day. I have been at this for over 15 years started at Broadway here in 2000

You guys are all missing the point.... this merger was all about routing and monthly fees !!!! These shops have all shown their hand to the street that they have a tough time turning a profit from their trading desks. The main source of revenue now is off the traders orders being directed to...

I always say to go and meet the partners in person at the main office . I always have the traders meet with me at Chimera to make sure its a fit for both of us

You left out Chimera...I am biased :) but we are one of the better shops left out there

Elias is a good trader and a good guy that runs the place....If you don't find what your looking for I would be willing to educate you about Chimera and what we do here.

Just poking around to see how many active traders still use ET down here

I don't even know how to respond to this post.. Trader MH has just replied to a thread you have subscribed to entitled - T-3. What the hell is going on there? - in the Prop Firms forum of Elite Trader. This thread is located at...

I was going to respond to the post but it looks like someone took it down

Yes

Very Funny.... http://www.cboe.com/publish/DisDecision/12-0007.pdf

I cant even imagine what he was thinking.... It was a poor choice but it does make you wonder what is going on over there when your CFO does that

read the filing http://www.cboe.com/publish/DisDecision/12-0007.pdf

Not a bad Idea :)

Worst part about it is that T3 is putting the blame on Chimera for reporting the violation...

http://www.bloomberg.com/article/2013-01-31/agV_TVd8LskM.html http://www.cboe.com/publish/DisDecision/12-0007.pdf