C 1-10 reverse split will take make props go out of biz

Tradeindia · Mar 21, 2011

Many prop firms rely only on C for their traders to make volume, anyone have ideas on what they will do after the split and volume is gone?

mksummny · Mar 21, 2011

The volume will move into another stock. The traders won't go away they will just adapt to a new stock. Either ALU or S imo.

NY0BScalper · Mar 21, 2011

Quote from mksummny:

The volume will move into another stock. The traders won't go away they will just adapt to a new stock. Either ALU or S imo.

LOL no way man. S and ALU can't handle 1/10th of C's action.

forsalenyc · Mar 22, 2011

I'm actually looking forward to trading C again........laid off of it for 3 years...

julian0625 · Mar 22, 2011

R.I.P. Citi, I'll miss you

stock777 · Mar 24, 2011

Quote from The Ram:

Good riddance, homos.

lol

zigzag · Mar 27, 2011

Hopefully it'll get some nice volatility like AIG did when it reverse split.

gptrader · Mar 29, 2011

Why trade such a such a thick stock?

J J aapl · Apr 6, 2011

Quote from gptrader:

Why trade such a such a thick stock?

Guess you don't know much about HFT and rebate trading.

youtellme · Apr 24, 2011

Quote from Tradeindia:

Many prop firms rely only on C for their traders to make volume, anyone have ideas on what they will do after the split and volume is gone?

undercapitalized firms are gonna go red on their clearing, but its not like a mass exodus the day c splits. youll probably see the aftermath within 6-8 months later once firms decide not to renew their clearing arrangements.