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CBOE/CBSX prop firms?
- Thread starter nytrader888
- Start date
Quote from gtgtgt3:
Maybe you can supply a phone number and the person you talked to for us.
Thank You,
GT
Steve Slawinski is in charge of the regulatory aspects of the cbsx. You can find all the cbsx contact info on the cbsx contact page. You must ask them specifically about this as for obvious reasons they do not want to turn away new members.
Don, instead of push for this to pass, why not just switch bright trading over to a CBOE firm?
the series 7 is a big hassle and a barrier to entry. Not that the test is hard, but it takes a good few weeks or a month to study for. you could have more traders if you didnt have to pass the S7
the series 7 is a big hassle and a barrier to entry. Not that the test is hard, but it takes a good few weeks or a month to study for. you could have more traders if you didnt have to pass the S7
Quote from NYC212:
Don, instead of push for this to pass, why not just switch bright trading over to a CBOE firm?
the series 7 is a big hassle and a barrier to entry. Not that the test is hard, but it takes a good few weeks or a month to study for. you could have more traders if you didnt have to pass the S7
That's one of my main points..we could simply buy a CBOE membership (we've had one before)...but when we asked specifically about the upcoming licensing requirements. No one would tell us for sure.
Heck, I could probably add a few hundred traders from a retail connection I have in a very short period of time by setting up another Firm. But, I just don't see it staying "as is" - for any length of time.
I have found over the years, that we tend to get a better group of traders, not that the series 7 helps trading, it's just that we don't get the "let's try trading, see what happens" group like we did when no license was required.
We'll see how it pans out....no biggee either way.
Don
Don,
Are you backing off this statement? Seems like you were pretty confident and now you say "We'll see how it pans out....no biggee either way."
GT
Are you backing off this statement? Seems like you were pretty confident and now you say "We'll see how it pans out....no biggee either way."
GT
Quote from Don Bright:
I hear from 2 completely different sources that the SEC has told the CBOE that they must register their trader firms and traders by year end.
Don