How Many Daytrading Firms Will Survive 2004?

HOLD is not on life support; it's very much alive and kicking.

It is also in the process of getting the NYSE membership, something that the other shops do not have and/or are not willing to invest in.
 
Quote from scalp100:

from what I heard worldco didnot 'go out of business' they simple decided to focus on the institional side of the business. So they are out of biz for the prop traders. Also heard they paid out most of the prop traders money with the rest to come soon.

Most of the other firms you mentioned have consitently profitable traders along with groups of new traders whom continualy rotate out as they fail. Many people are exposed to the new trader groups as the experienced groups are not very public with what they do. I think there could be some consolidation in the business, but we will not see firms dropping like flies as many people think. The consistently profitable traders will not go away, either will the firms they trade with.

scalp
More...
what are they offering institutional side of business
 
Quote from Don Bright:

We'll be here, of course...and we hope that some of the newer people just now getting involved will succeed as well.

Don
More...


we hope ALL of the newer people succeed. :)
 
Imho,


If AB Watley can still survive, I feel good about the others being able to survive this market. I trade with Assent and if they go under, I guess I will have to make a new Paris Hilton video.

As long as traders don't trade like the geek on the Instinet commercial, we should be all good

Propa
 
You must log in or register to reply here.
Back
Top