It sounds like the line is becoming more blurry between retail and prop (really kind of a fake prop). One thing is that a lot of time the sub-LLC do not lock your money up making it so you can not withdraw funds for several months if you want to leave. I think the LLC whether company wide or office specific is only as good and safe as its risk management.
On the topic of Echo it sounds like they need to focus more on keeping and pleasing their existing traders because from what I have heard there seems to be a mass exodus since their merger with Van Buren. That goes beyond the ex-echo traders that frequent this board. Yes many people leave for better rates, but there are also technology issues to consider, management issues, and sometimes company stability (not saying this is the case with them). However at this point in the game most traders I know don't want to spend their money (losing money because of technology) and time waiting for a firm to catch up to their competitors.
On the topic of Echo it sounds like they need to focus more on keeping and pleasing their existing traders because from what I have heard there seems to be a mass exodus since their merger with Van Buren. That goes beyond the ex-echo traders that frequent this board. Yes many people leave for better rates, but there are also technology issues to consider, management issues, and sometimes company stability (not saying this is the case with them). However at this point in the game most traders I know don't want to spend their money (losing money because of technology) and time waiting for a firm to catch up to their competitors.
