Huh? You've lost me man. I have no idea what your gripe is or what you are trying to say.
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Bright Trading's new payout model
- Thread starter Maverick74
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Huh? You've lost me man. I have no idea what your gripe is or what you are trying to say.
No, hardly. I trade prop. you're totally missing the point. stick with the why the fuck did markets fall that day debate. it's cos market makers are prop traders in disguise selectively fulfilling any duties they claim to.
Prop traders don't claim to making markets.
Prop traders don't claim to making markets.
Quote from CQNC:
methinks we have another altruistic prop hater in our midst. they seem to be popping up these days for not being in the game.
any retail trader can convert to prop, or at minimum, trade within the daytrading rule with 25K equity. if they can't, then they trade at their own peril. the raison d'etre of prop is leverage.
it's like driving in LA. if you can't keep up in the passing lane, then get the hell out of my way.
Quote from Lights:
But they ARE saying they are NOT.
You think Goldman will say their market making is prop trading?
technically everyone is a market "maker" for whatever brief moment their order is in the queue. i can make or break any market i want, in any stock i want, for all of a microsecond, or all day if the stock has no volume, options are a great example of this, set the bid/ask at the price i want to pay/sell and wait for a matching order from the opposite side of the trade buy/sell at my mark. i don't have to sub-penny it, or front-run it, or do any of that crap to set the market.
the market is what the market decides. it's not controlled by any one person or entity, so the idea goldman sachs is the market, is just ludicrous. if the market wanted to, it could wipe goldman out in a flash, but as we well know, goldman has the collective intelligence and systems in place to adjust with the market.
i'm not sure what the argument is here...
Quote from Lights:
Wrong. GS's golden goose is sigma X market making.
was.
and i doubt will not still be, only from a different angle, a different exchange, thus why the lack, or rather, shift in volatility and liquidity to other world markets.
i, for one, am looking elsewhere, as should you from what i can ascertain, you sound stuck where you are.
goldman's money never sleeps. neither should yours.
Quote from Lights:
But they ARE saying they are NOT.
You think Goldman will say their market making is prop trading?
Honestly, have the aliens landed? WTF. Do you know who Peter Muller is? He ran PDT. A proprietary trading group within Morgan Stanley. He was one of the biggest liquidity providers in the game. They were an HFT operation. The group made billions. HFT at all the investment banks and prop firms for that matter fall under proprietary trading.
Prop trading is banned at banks.
Have you connected the dots yet.
Have you connected the dots yet.
Quote from Maverick74:
Honestly, have the aliens landed? WTF. Do you know who Peter Muller is? He ran PDT. A proprietary trading group within Morgan Stanley. He was one of the biggest liquidity providers in the game. They were an HFT operation. The group made billions. HFT at all the investment banks and prop firms for that matter fall under proprietary trading.
Quote from Lights:
No, hardly. I trade prop. you're totally missing the point. stick with the why the fuck did markets fall that day debate. it's cos market makers are prop traders in disguise selectively fulfilling any duties they claim to.
Prop traders don't claim to making markets.
That's one of the issues I have with most of these "market makers"! They're really prop firms in disguise. They're playing the public & regulators for fools. The exchanges on the other hand know this very well but since it helps them, they play along. Any firm claiming to be a "market-maker" ought to be regulated, period.
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