Madison Trading

thanks for responding artis. I have been thoroughly educated in prop shop deals since I posted.Nice Racket!! Fortunately my only overhead is NY open book
 
what about the arca book ($30/month) and the new consolidated I-Net/Brut book ($90/month) for listed stocks? You dont have to pay for this?


Quote from niceguy:

thanks for responding artis. I have been thoroughly educated in prop shop deals since I posted.Nice Racket!! Fortunately my only overhead is NY open book
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Quote from georgie:

thought they shut down and gerrity is shopping his clearing deal?

me thinks gerrit is trying to find a new game
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Any Madison traders here to shed some light on this?
 
no worries ng I have little if any respect for the futures arcade model. I find that the higher up you go in each of those companies the less actual trading ability there is. they are for all practical purposes the bucket shops of the new century.
 
It's not even worth argueing about it. This is the worst firm going, with a terrible management team. They know nothing about the markets, and are way overpriced. The people who work there pay too much attention to their free lunch than the money they can make. If it were my company, I'd fire the whole management team and bring some real people in with real educations. I'd fire most of the traders as most of em dont make any real money. This place will eventually go under. They're hanging on. I've even heard they steal money from accounts by overcharging, and have even withheld pay checks from employees. They are complete sheisters.
 
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