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  1. M

    Bright trading new commission model

    Don, I hearby shut my mouth. I think you're trying to come clean but your answer's are sub par. I still think your answer re: Series 7 license is a bad one. Why would any trader want to come trade for BT and risk having their license expire when they leave you? That means that they have to...
  2. M

    Bright trading new commission model

    Sorry Don but your an out right liar. You are just afraid that your whole firm (every office) will see that you're giving away these .0025 rates with over a million shares in volume. Why don't you respond correctly. DID 4 OF YOUR TRADERS LEAVE FROM MIAMI BEACH OFFICE? DID YOU JUST LOWER YOUR...
  3. M

    Bright trading new commission model

    I got a call from a guy at Bright Miami Bch that said that they were charging .0025(2 1/2 tenths) for NYSE stocks. Let the competiton begin fellas. I can't wait to see all the other firms jumping into the mix . Looks like Fanco and the Bright boys are going to just try to capitalize on volume to...
  4. M

    Starting a LLC (Hedge Fund Alternative)

    Ok, thank you for the answer. I totally forgot about that! So you guys mean to tell me that you don't own a customer side of the business seperatly aside from your LLC? Like a b/d member NASD? You're giving away so much business by not having that. Nothing for nothing, the prop business...
  5. M

    Starting a LLC (Hedge Fund Alternative)

    Why would you not want Hedge funds to clear through you? Isn't that business simple to handle? Im sure your Prop traders are experiencing a tough enviroment which equals less revenue, No?I would think that HF biz is easy business! Rumor has it that you are SLk's biggest customer, is that...
  6. M

    Self Clearing Firms

    Did you lower costs/commissions to traders ths year because of the mkt conditions? If yes, will you raise them when the mkt. recovers? Also, is it true Blackwood went out of business today? Marc
  7. M

    Ft. Lauderdale Florida

    We never spoke directly about a deal for me but I think that are offering 80% payouts and a penny per share. They use the Watcher system with executions through Penson or SLK. Management seemed stable but I think the guy at the front was just a geek and a bum, but I think thats something...
  8. M

    Ft. Lauderdale Florida

    I work at a Prop firm in Downtown Miami. I recently went for a interview at a new office for Generic Trading. I must tell you , I was overly impressed with the software, hardware, location, manager and most of all the deal structure. The only downside was the geeky looking manager at the front...
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