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    ECHOtrade merging with Van Buren

    On behalf of the Van Buren management team, I would like to express to the professional trading community our excitement about the merger with our new partners at ECHOtrade. The traders of our new firm will truly have an offering of trading platforms, professional service, and proprietary...
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    Chicago trading firms.....

    office located at 216 W Jackson
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    san diego firms shutting down??

    Momo, I use the term proprietary trading to mean the business of putting one's capital behind other people and taking financial risk on their performance. Vito Sisto
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    san diego firms shutting down??

    Van Buren in San Diego or anywhere else is not going anywhere. Our company, which has completed six successful years of operation, is as strong as ever with a focused business plan and the talent to execute that plan. We successfully built a company based upon true proprietary trading...
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    Van Buren - Seeking Independent Equities Traders

    Van Buren Securities, LLC, specializing in electronic equities trading since 1996, is seeking professional independent traders for its offices in Chicago, San Diego, San Francisco and Santa Monica. Remote trading is also available. We provide the tools that the professional needs: ·...
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    Best Trading Platforms?

    Sterling Technologies (www.sterlingtechnologiesinc.com) is close to completing a product offering that will leap frog a good number of systems out there now. The technical studies are one of its real strengths. The order entry settings are 100% customizable. Currently Echo and Van Buren are...
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    Good methods in today's market

    Loki, The Van Buren office in Santa Monica is one of the VB offices offering our development program, which provides traders a methodology adapted to this market environment. It is a technical methodology of trading listed equities. The development and teaching is one-on-one and has no...
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    Capitalization of an LLC

    Partners of a professional trading firm contribute capital to the partnership. That capital is firm capital and is intermingled with that of other members/partners. That's it. Many firms sell it differently, but that's all there is to it. If the members are not somehow financially tied...
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    Bright questions

    Thanks for watching out for me, Don, I owe you one. Vito
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    Prop trader. looking for right company

    Jim, Just send you my cost schedules. Van Buren has always customized deals for traders and so I never really had a "commission schedule". But the market now calls for firms to have such schedules and so I created one last month. It does in a lot of ways make things easier. Though I have...
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    Prop trader. looking for right company

    Just sent to you and Nitro Will have on the web site soon. Thanks, Vito
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    Prop trader. looking for right company

    Jim, My rates have recently changed and have not been posted on my site yet. I would be happy to send them to you also. Jim, b/t/w, what constitutes a Big Boy? :) Vito
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    Commercialization

    As a new advertiser to the site, I would like to give my perspective on things. First of all, I very much see what you all are saying. When I came across this site a few weeks ago and read through some threads, I really got the feel that this was a place where real professionals spent time and...
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    Prop trader. looking for right company

    Can I e-mail to you?
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    New Nasdaq Fees (Echo vs. Bright)

    Thanks, Gene, I always like levity in a thread that's getting a little tense. Like L&W, VB keeps commissions competitive but adds value in other ways. We choose to add value by increasing a trader's profits through development rather than finding new ways to slice the commission dollar...
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    Prop trader. looking for right company

    Don't forget about VB. Check out our info on the ET Broker page, that gives a pretty good description of what we are about. Thanks,
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    New Nasdaq Fees (Echo vs. Bright)

    I'm sure Don Bright is around here somewhere and can answer the questions on his firm specifically, but as far as the merger is concerned, its a win for all. Two liquid books are now becoming even more liquid books. The new ARCA ECN is something to be reckoned with. The losers in this...
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    New Nasdaq Fees (Echo vs. Bright)

    Cashonly has got it right. Esc Trader, remember that Redi and Realtick are front ends and that you must tell the front-end where you want your order routed in the fragmented mess called Nasdaq. It is confusing because Redi is the name of the SLK front end and the ECN. You should never have an...
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    Financial backing

    The industry is changing so quickly that I don't know if there is a standard any more. When Van Buren finances traders, we start with a 50/50 split of net profits and a 0/100 split of net losses. I think this arrangement is fair for the bearing of 100% of the risk. As cumulative net profits...
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    Setting up a partnership for trading

    Like Don said, it really depends on your status, retail or pro. I have set up both NASD regulated retail b/ds and non-NASD proprietary b/ds and have designed the operating agreements for both. I would be glad to help answer any questions at the number below. Too much detail to write here.
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