Echotrade Los Angeles office now open!

E

EchotradeLA

ECHOtrade
Hello Elite Members,

As a sponsor of Elitetrader, we would like to announce the opening of the
EchoTrade Los Angeles office.
We are looking for experienced options and equities traders. Office is
located in beautiful downtown Santa Monica, just 4 blocks from the beach.

We cater to traders looking for an office environment as well as those who
prefer to trade remote (virtually anywhere worldwide).

We are offering very competitive rates starting at .006 and going as low as
0035
We offer a tiered rate plan as well as monthly rebate checks depending on
volume.
Inquire for more details.

+Remote traders and groups welcome.
+Options trading available.
+Automated trading program Predator Pro available.
+Office space and special rates available for trading groups.
+We can accommodate a group that wishes to have a dedicated
trading office.


ECHOTRADE Los Angeles
www.echotradeonline.com
 
Quote from Mongol:

Thanks for the responses. So far, I have found 5 prop firms in this area.

Assent
Bright Trading
Schonfeld
Echo Trading
Carlin Financial Group (which appears to be Generic Trading)

Can anyone comment on these 5 based on my previous question? Also, feel free to add any I might have missed.



Echo "doesn't provide training". That includes even acquainting one with their direct access software, trading process, trades reporting processes, problem resolution or otherwise. All these are considered training, and they don't do that.

Surprising, huh? I am directly quoting one of the principals of the firm on that statement.

So, if you don't already know their software, then they don't train. If you don't already have significant trading skills, techniques and access to the latest methods, then they won't provide it either, nor facilitate sharing between their traders to the benefit of other traders.
 
Their is an intersting article in the new "Traders" magazine on Steve Schoenfield too this month very interesting, congratz to Echo on their expansion, hope that is a good sign for our whole industry and trading in general.

rttrader1 -
 
Quote from areyoukidding?:

See you at the beach, im freezing over here.
More...

Freezing?

Well, it's almost 40degrees here in upstate NY! Practically a heat wave. I'm puttin' on my swimming trunks!:cool:
 
Quote from limitdown:


Echo "doesn't provide training". That includes even acquainting one with their direct access software, trading process, trades reporting processes, problem resolution or otherwise. All these are considered training, and they don't do that.

Surprising, huh? I am directly quoting one of the principals of the firm on that statement.

So, if you don't already know their software, then they don't train. If you don't already have significant trading skills, techniques and access to the latest methods, then they won't provide it either, nor facilitate sharing between their traders to the benefit of other traders.
More...

First of all, The platforms really arent that complex, so not much training is necessary. I worked out of the NY office, and Nick (manager) trained mye on the platform, and was always went out of his way to help.

He was also helpful with the Predator software.
Dan (tech guy for remote traders) is also very helpful. I dont see what more you expect them to do.

As far as trading "techniques", I dont think any of the firms do so without some sort of fee or contract. Ones that work and make $$$ simply arent given out.

I have no complaints about echo.

*My only partial complaint is that sometimes a slight change in fee structure or obscure new policy, (whether street wide or firm) wasnt always communicated well to the traders. It would hit your account then you would have to ask to find out what happened.

Overall, I recomend them highly.
 
Quote from tdoc:

I really think ECHO will provide training again. The firm has a history of doing so. Until late 2002, training was provided through the San Diego office coordinated by Jonathan Kirkland. I think it was top-notch. That office became an Assent/Lynx office and the training program ended. In 2003, ECHO provided great training in NYSE scalping through the Chicago office. I participated in the program and thought it was terrific. That program ended with the ECHO CEO change late last year. Jeff DeWitt, current CEO, was CEO when Echo had the training program going in San Diego. I think he will start a training program again, but I haven't spoken to him about it. I'm hoping Jeff and Rob Keller will provide training through the Phoenix office centered on their strong interest in automated trading with Predatorpro! A stable, successful training program is what's needed.
More...


I posted this on another thread. It might be of interest to someone.

tdoc
 
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