Experienced trader looking for new prop firm

syswizard · Mar 28, 2013

interesting ScottSam....
you are averaging about 500k shares per day then ?
So if you are trading 5k lots on the average, that's 100 round turns per day.
That's gotta be automated, right ?
So your fee/commish is about $10k per day ?

Mike805 · Mar 28, 2013

Quote from syswizard:

interesting ScottSam....
you are averaging about 500k shares per day then ?
So if you are trading 5k lots on the average, that's 100 round turns per day.
That's gotta be automated, right ?
So your fee/commish is about $10k per day ?

Lots of these guys sit on the bid/ask with size using specialized routes.

Its a form of rebate trading using a route that allows fill priority.

guest2 · Mar 28, 2013

using specialized routes.

Can u share with us an examples(names) of these routes ?

blueraincap · Mar 28, 2013

for bright, the commission would be a lot higher

EvOTraderV2 · Mar 28, 2013

It's in the OP. "firm with dark routes such as dpass, ubspass, nite, and db9 the more the better"

Quote from guest2:

Can u share with us an examples(names) of these routes ?

snooptrdr · Mar 28, 2013

Quote from syswizard:

interesting ScottSam....
you are averaging about 500k shares per day then ?
So if you are trading 5k lots on the average, that's 100 round turns per day.
That's gotta be automated, right ?
So your fee/commish is about $10k per day ?

i think you may be one decimal off, my guess is he pays appx $1,000 per day.

dealmaker · Mar 28, 2013

Quote from LastStance:

I started to trade 4 years ago and have been profitable every week since 2009 after I started to know what i am doing. My current deal is 90% payout, 0.15/1000 shares with all the ecn rebates. I trade usually 500k to 1m shares every month. profits around 80 to 100k annually. current firm gives me 2 million bp. no deposit but just a 1 month waiting window for profit taking. I am trading outside of the US.

I am looking for:
1. firm with dark routes such as dpass, ubspass, nite, and db9 the more the better
2. stable servers, my current prop firm has server issue like every week to every month its ridiculous.
3. good short list stocks( the more the better, even if i have to pay to locate them)
4. no restriction on traders on what stocks to trade or what not to do(as long as they don't violate rules)

I really tried for a few hours to look up the board but still cannot find my ideal firm. Pm me if you want to further talk about the deal. Thanks!!

Echo pays 100%, best firm bar none, you get K-1 and they sell no training thus no conflict of interest issues. Bright will be second on my list solid firm, lots of liquidity also issues K-1.

Trade_Cents · Mar 28, 2013

Quote from dealmaker:

Echo pays 100% best firm bar none and its not a CBSX firm so you get K-1 and they sell no training thus no rookies. Bright will be second on my list solid firm, lots of liquidity.

There are CBSX firms that give traders K-1.

Mike805 · Mar 28, 2013

Quote from dealmaker:

Echo pays 100% best firm bar none and its not a CBSX firm so you get K-1 and they sell no training thus no rookies. Bright will be second on my list solid firm, lots of liquidity.

Your statement implies that one doesn't get a K-1 with a CBSX firm? That doesn't sound right....

In any case I think it would be wise for Echo to start taking S56 traders. I'm surprised they haven't done so...

Mike805 · Mar 28, 2013

Quote from Trade_Cents:

There are CBSX firms that give traders K-1.

Exactly... I trade with a firm that does.