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anyone hearing NYC prop firm in trouble
- Thread starter NY_HOOD
- Start date
Quote from NY_HOOD:
i am hearing about a NYC prop/day trade firm that has suffered a huge margin call.this was late yesterday after the rally. guess most of the guys were short. i am also hearing the firm has been having margin problems for the past month.
yes and it is a self clearing firm.
I have no idea who it is. But the only possible self clearing prop firm out there is first new york. I also noticed they've changed there web site in the past week.It seems to provide no real info. the list is very short as few prop firms self clear.we'll know soon enough
Quote from piggie2000:
I have no idea who it is. But the only possibly self clearing prop firm out there is first new york. I also noticed they've changed there web site in the past week.It seems to provide no real info. the list is very short as few prop firms self clear.we'll know soon enough
I thought hold and assent are both self clearing?
You're right hold and assent do self clear . But a lot of assents money is segregated in customer accounts. But you're right it could be either one of them. If your money's sipc insured no big deal.But 100% of traders use first new yorks money
Pm me too on who the firm is. I'm thinking of joining one soon and this is important info.