Etrade's Prop. trading dept.

traderjimbo · May 5, 2003

They closed a RETAIL (schwab-type) office -- not a Prop office

speedy · May 5, 2003

Quote from traderjimbo:

They closed a RETAIL (schwab-type) office -- not a Prop office

They had prop traders at the madison ave office.

javs5150 · May 6, 2003

They were liquidity traders housed in the basement level.

bmwstox · May 6, 2003

they didn't seem to have their act together, however they are freindly. my bud seems to like it.

speedy · May 6, 2003

Quote from javs5150:

They were liquidity traders housed in the basement level.

Don't liquidity traders trade the prop account? I don't know any who trade with customer accounts.

javs5150 · May 6, 2003

These liquidity traders did not need to be licensed to trade. All that was asked for was a $5,000 deposit to the cap a/c.

jmorexxnet · May 24, 2003

Actually they did close it.