Great prop shops for an experienced trader

Quote from Maverick74:

Yeah, that's an error. I guess they throw that out there as a disclaimer. I don't know, I know Matt very well, they are pseudo market makers, black box, type stuff. They have no interest in overnight traders.
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Hence the 100% vig. I assume they dangle that carrot to bring in biz, but assume nobody would be retarded enough to actually pay such a vig. I believe volpimp has talked about it on this thread.
 
Quote from riskarb:

Hence the 100% vig. I assume they dangle that carrot to bring in biz, but assume nobody would be retarded enough to actually pay such a vig. I believe volpimp has talked about it on this thread.
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I'm the one that made the intro for volpimp to Matt. I believe Matt made it clear to VP that they are a very aggressive intra-day trading firm. Sure, why not offer a 50% vig on overnights if you don't want guys to trade that way. Matt is not the place you are going to go to for longer term trading.
 
Quote from Maverick74:

I'm the one that made the intro for volpimp to Matt. I believe Matt made it clear to VP that they are a very aggressive intra-day trading firm. Sure, why not offer a 50% vig on overnights if you don't want guys to trade that way. Matt is not the place you are going to go to for longer term trading.
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Agreed. 10:1 intraday is nothing to sneeze at. I think they'll do well.
 
I have a dumb question. When you're talking about overnight leverage, is this just the risk-based component? You pay brokers call on the entire debit balance since the securities have to be paid for, right?
 
Quote from Traveler:

I have a dumb question. When you're talking about overnight leverage, is this just the risk-based component? You pay brokers call on the entire debit balance since the securities have to be paid for, right?
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No, the debit rate has nothing to do with leverage. The debit rate is what you pay for any debit balances in your account. The credit rate is what you receive for any credit balances in your account.

If you exceed your haircut allowance, you usually pay a capital charge for using any capital greater then your haircut.
 
Quote from Maverick74:

No, the debit rate has nothing to do with leverage. The debit rate is what you pay for any debit balances in your account. The credit rate is what you receive for any credit balances in your account.

If you exceed your haircut allowance, you usually pay a capital charge for using any capital greater then your haircut.
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I see you have this thread under control....good job...LOL.


Don :D
 
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