Originally posted by Big__Empty
A related question:
How does this work?
You are a prop trader but move to a state where the firm does not have a presence in yet.
Can you still trade with that firm (ie. remote trader) or do you have to join another firm, or are you just out of luck?
OK....if you have been trading with us, in any location, you are welcome to trade from any of our 42 trading sites. In addition, you may also trade from home or from your own office.
Regarding Chicago....since we have been members of the CBOE, CME, and CHX for years, we have seen many changes in personnel, traders, and the exchanges themselves. There is a lot of "competition" for traders recently, primarily since the floor traders are leaving due to lack of profits, new rules, smaller margins, etc.
In 1992 I think it was just Bright, Schonfeld, and a couple of smaller firms in the "professional, proprietary" category. Many (a great number) have come and gone for reasons ranging from poor management, to "questionable suicides"...and everything in between. Both of the companies formed by our ex-traders are there, VB (Hi Vito!), and Echo (Hi Jeff), and a few others remain.
Chicago is it's own animal, and is subject to the tides of the local "trading economy"....more so (IMO) than the trading rooms in other metropolitan areas around the Country.
Diane Harsh is managing or Chicago and Northbrook offices, and would welcome a visit....and if anyone has questions, as always, feel free to call me directly.
