I bet they pay that a month in clearance and trading fees alone to GSEC. But then again I dont know how many guys they have. could be drastically smaller now then few years ago.
Zero. Bright doesn't do business with banks. PTJP was a hedge fund under Worldco's umbrella. They were separate from the day trading business. They paid millions in fees to get access to pre-ipo pricing in hot internet stocks. It was common practice back in the hey day. And they made a fortune. Of course it didn't last long and they paid a lot of it back.
The broker dealer side of the business was a cash cow that would have made Pablo Escobar envious.
