Cy Group, Los Angeles

Quote from tradeprofi:

i would like to know how reliable is cy group where is the money deposited insured
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Couldn't get anyone to answer your email, could ya?
 
they are good guys. they don't sit on the phone every 2 seconds because they actually trade. never had a problem with them, deposit returned without any bs.
 
i'm still with these guys... as for my profits i retain at the firm, there is no insurance just like there is no insurance with other prop firms. but why i been with them for this long is, plainly speaking, they just run it very well. I don't talk to them much but once in a while i'll have a phone conversation with the guys there and they just seem to know what they are doing. (think they all trade) They also seem to always look for new things to help out their traders. One thing i wish i can do is change the sound in their chatroom so it can alert me with a sound i choose. Also i find setting up alerts and stops is a bit tedious in Laser. I used to use sterling and they had floating windows.
 
joined beg of the year and still with them. im profitable it took many months but developed a pair strategy that seems to be working ok. i request my small profits and never had a problem. they a smaller firm but seem to have good services for the traders. i can see why they have so many loyal traders who stay with them for long time. i think its because they seem pretty upfront about everything and they take care of their traders. im sure they have negative side to them as any other firm does but for me they seem ok.

anybody know how to use the new nqbx or the edga routing which allows you to get paid for removing liquidity using laser? brian explained it to me but i still can't seem to get the rebate.
 
edga i used. go to hotkeys and set BID on EDGA. and go to the laser menu ROUTE -> EDGA -> strategy = rouc

This is best for nyse trading
Checks EDGA (pays .0002 to remove) and then checks NQBX (pays .0001 to remove) and then finally sends to NYSE specialist at .0015 rate to remove.
 
hey thanks for the edga setup i called cy group today and they confirmed it as well that it is probably the best method for trading NYSE. i just use the bid and ask on edga hotkeys. i really enjoy their active chatroom even though i don't really talk much in there.
 
Thanks for the info everyone. I have been researching many firms to trade with. I think with access to capital it will take my trading to next level. This firm seems to answer all my questions and was always very prompt. I am leaning towards them and another firm that is based out of nyc. One question I have is the short list with this firm. Any experience with obtaining shares to short? Is process easy? Automated? Or via phone?
 
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