It isn't complicated what happened here. The managers of CTG took shortcuts with traders who did not want to be licensed. They got caught. WTS ended their relationship with them (by U5'ing them) and took over the trading floor. End of story. This has nothing to do where WTS clears. Why would it?
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Capital Traders Group CTG "under direct management of WTS" ??
- Thread starter sung1contrarian
- Start date
You said "The managers of CTG took shortcuts with traders who did not want to be licensed. They got caught"
Could you please elaborate?
Do you know the managers name?
Could you please elaborate?
Do you know the managers name?
Quote from JTMAN:
It isn't complicated what happened here. The managers of CTG took shortcuts with traders who did not want to be licensed. They got caught. WTS ended their relationship with them (by U5'ing them) and took over the trading floor. End of story. This has nothing to do where WTS clears. Why would it?
Quote from JTMAN:
WTS is a BD that has a branch system. You too can open a branch if you have a lot of traders, the proper licenses (I believe 7,24,56 at a minimum), and the capital to put up. I believe it is $50,000 plus the cost of operating a trading floor. Nothing complicated.
what requirements if you are located outside the usa ?
outside of the US it is a different company structure best to contact them directly at info@wtstrading.com