It will provide faster execution for NYSE trades, since they wont have to be routed thru third parties
Hold Rings NYSE Bell
- Thread starter Marcostrader
- Start date
They are a good firm, and this legitimizes them even more. Good for them!
I also heard they might bring a couple of their top traders with them. Hey, its a once in a lifetime thing so what the heck.
anyone can get direct feeds to the NYSE. you dont need to be a member. you just have to pay more money for it. hold has had direct feeds to the NYSE for some time now.
most prop shops use secondary provider quotes instead since they are much cheaper (but are delayed since there are more points to pass through).
anyone know the real benefits of a prop shop being an NYSE member?
my guess is that their institutional guys will benefit from having a trader on the floor but the regular joe schmo prop guys wont notice a difference.
whatever happens PLLLLEEEEAASSSSSSEEEEEEEEEEE dont let michael jackson ring that damn bell ever again!
Are they going to have someone on the floor?
it goes to show they are being paid a multiple of earnings to conduct themselves as "team players."
Their rates are going to lead the competition. They wont have to pay a middleman for clearing since they also just became selfclearing