yup, my office manager just told me the same thing. he started getting resumes from some E57th st. traders last week. e*trade prop wants out of that location, and their traders are negotiating deals with local subs.
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- Thread starter traderjimbo
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sammy your manager is jsut a retail guy for etrade right. they're hsutting down there company owned offices i think. i don't think this changes the retail side at all. its sjtu etrade doesn't want to finance traders anymore. but my guy said something like they'd be coming out with a new commission structure or soemthing. i sjut yanked 200k out of my retail account screw them. were's everyone going? what about assent are they anyt good?
hey, joeyata..Quote from joeyata1:
sammy your manager is jsut a retail guy for etrade right. they're hsutting down there company owned offices i think. i don't think this changes the retail side at all. its sjtu etrade doesn't want to finance traders anymore. but my guy said something like they'd be coming out with a new commission structure or soemthing. i sjut yanked 200k out of my retail account screw them. were's everyone going? what about assent are they anyt good?
he used to trade out of the E57th office, then started working in management with all the suits. he came over here as a liason between our sub-llc and e*trade when our last manager moved on. we also have a hedge fund here, so i figure all three have been splitting the lease. they took almost all of the satellite offices off of the webpage a few months ago, so i figured something was up.
as for my manager, i don't know what he's gonna do now.. whether it's continue on with the sub, or work for etrade.com. i'm staying. my deal is solid, and i love Lightspeed.
i agree..