Commissions Rates at Different Prop Desks

[newbie2010now]

Quote from Scalper007:

Sure he can pass the test. Tell him how he can use that license for prop trading when basically there are only 2 firms left that hang the series 7 and thats Bright and Echo. (tell me if I am wrong)

Personally, I think its a waste to take the 7 now since the majority of firms are now cbsx members. It would probably be wise to wait and take the proposed cbsx exam when it comes out.

You also can park your Series 7 at Hold Brothers but i dont think you want to join a firm that Hold Brothers run it, They dont have a good reputation among traders.

 

[newbie2010now]

Quote from forsalenyc:

the word out in the street is that cbsx exams are coming as soon as february.........so get ready to hit the books again........

it is now May 14 and so far there was no exam needed. Even if they require i dont think so you need a series 7.