Introducing Cornerstone MTO (Member Trader Organization)

[WyckoffTrader]

Quote from jarodg224:

Same crap diffrent day....Sounds kind of grifty. Any firm that would let a trader override and call the order desk and trade 200 contracts without them knowing for 15 minuutes sounds like there asleep at the wheel, wish i felt sorry but dont. Thats risk management 101.Taught first day on the floor. Also In order to progress as a trader you dont have to trade futures,plenty of great traders that stick to stocks throughtout there careers and make 7 figures.

First of there is "their" so you just lost some credability by not passing 6th grade spelling test.

The futures clearing firm (FCM) is the 5th largest in the world and that is what any floor traded product takes to go from the desk/floor into the risk system ....electrnic is instant,,,,,,floor traded products do take some time to skow up after executed........ and I was not looking for your pity or sympithy but simply pointing out that this commish model does have risk and traders that can fuck you will fuck you and walk away thus some premium has to be put into this model.

You have never managed market makers or other trader if you think there is no risk in this game.

Second......I never said you can't progress trading stocks and make some change but to make a consistent million a year ....most traders I have contact with are in the options business or futures biz and not unscalable stock day teading business.

Trade well.

 

[r-in]

Quote from Mom0/pH0x:

what?! seriously? the 1k/mo doesnt include platform and data fees?! so for the 1k/mo you just get a rate that anyone with 4k can get? where's the value, not trying to flame, i just dont understand paying 1k/mo for .002 when i can take $2k and get .002 and still pay for my own data and platform... what am i missing?

I'd be interested also where you find all the above without a license? I see you haven't responded, so am wondering if you are actually stretching the truth here.

 

[WyckoffTrader]

Membership at the CBOE does not require a s7..............that is how that is done.......the qualificarion comes from being a professional trader and not a hobbiest just cutting their teeth.

 

[NazSpaz]

Quote from WyckoffTrader:

First of there is "their" so you just lost some credability by not passing 6th grade spelling test.

The futures clearing firm (FCM) is the 5th largest in the world and that is what any floor traded product takes to go from the desk/floor into the risk system ....electrnic is instant,,,,,,floor traded products do take some time to skow up after executed........ and I was not looking for your pity or sympithy but simply pointing out that this commish model does have risk and traders that can fuck you will fuck you and walk away thus some premium has to be put into this model.

You have never managed market makers or other trader if you think there is no risk in this game.

Second......I never said you can't progress trading stocks and make some change but to make a consistent million a year ....most traders I have contact with are in the options business or futures biz and not unscalable stock day teading business.

Trade well.

Sorry, had to laugh. I'm not looking to join in on any of this, but since no pointed this out I guess I will. --> In the same sentence that you say someone has no credibility (<-- the correct spelling, not "credability" as you put it ) because they have a misspelling, you do the same.

First of there is "their" so you just lost some credability by not passing 6th grade spelling test.

You also misspelled "electronic" (you: electrnic), "show" (you: skow), "sympathy" (you: sympithy), and "trading" (you: teading).

So if his one error puts him at not able to pass 6th grade, what grade does your 5 mistakes put you at?

Is that the ultimate pot calling the kettle black example or what?

 

[windycity69]

Noticed that also. Boy, would love to have him as my risk manager....LOL.

 

[WyckoffTrader]

Ok.....I should have done spell check when I was flaming some other guy on that........ but risk, math and spelling are three completly different things. I do not state that I am a fucking editor and author but I I do trade for a living and been doing it for a decade now.........so piss off and worry about making money in this market......Trade well.

 

[trader59]

Monstercat wrote:
I would consider myself an expert on prop deals and different platforms.

Would you be so kind as to let me know , then, where I can get the best deals trading listed through a black box (2-3M sh/mo) using Sterling Pro? I've looked into Echo. Anyone else?

 

[atticus]

Nobody would look to Cornerstone solely for equity deals. They're primarily an option-shop. It's for guys that require risk-margin with a minimal vig to carry overnight gammas. In that context, the $1,000 is nothing compared with what some pay to carry gamma overnight.

 

[Don Bright]

Quote from atticus:

Nobody would look to Cornerstone solely for equity deals. They're primarily an option-shop. It's for guys that require risk-margin with a minimal vig to carry overnight gammas. In that context, the $1,000 is nothing compared with what some pay to carry gamma overnight.

Hey Atticus....did I miss your trip to Vegas, or did you postpone it. PM me, let me know what's up.

Don

 

[rmtrader]

I was doing some research on Cornerstone and found that Mark Duffy is a managing member at Vtrader??? Here's the link to his bio on cboe website: http://ir.cboe.com/directors.cfm

"Mr. Duffy is a nominee, floor broker, market maker and managing member of CBOE member firm V. Trader Pro, LLC and is a managing member of the CBOE member firm Cornerstone Trading, L.L.C...."

Is this really the case? It seems that this would be a conflict of interest as Cornerstone appears to be a competitor of Vtrader, no? Can someone (Maverick / Steve Dillinger) please shed some light on the relationship between Mr Duffy and the two firms?