Maverick Vs Don Bright

Quote from logic_man:

I was under the impression (I guess perhaps wrongly) that Bright had a specific strategy they wanted all their traders to use, but it sounds like you are bringing your own. Is that because of the personal relationship or is it that Bright actually does allow flexibility in this matter?
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Although we teach various strategies, based on what we see working in real time, our traders are use dozens of various techniques. All within basic risk parameters.

And, Mav, sorry - not really feeling too well lately. But I have asked that Sini give you the "room with a view" for you and your trading partner. Hope to see you guys in our our "Top 25" list soon, but take your time, I know you'll do well.

Back to bed until Easter dinner with kids and grandkids. I hope you enjoy your time as well.

Don
 
I hope you gave mav a great deal. your going to get good pr from it

hopefully he will share his experiences good/bad as a bright trader with us
 
Just so we can deal in facts here, because I kind of like dealing with facts. Here is the current rate schedule for Echo:

Product Overview

Please read the Risk Disclosure on our website.

Thanks for stopping by. ECHOtrade is a professional trading firm that caters to the needs of the serious, off-floor professional trader. We're offering a tiered rate schedule for new Remote traders through LinkedIn. We've never published rates before, and we're proud to offer these incredibly competitive rates to you.

Shares per Month Rate per Share*

1MM+ .0025 (That's only $2.50 per 1,000 shares!)**

500k-1MM .0030

250k-500k .0035

<250k .0040

*The rate does not include ECN or exchange rebates/fees.

**All ECN rebates/fees are passed through to the trader. You must be a US or BC Canada resident with an active Series 7 to trade with us.

We are currently running TWO specials right now that you can choose from upon your membership into the firm--FREE software* for the first month (up to $500) or FREE commissions** for the first month (no limit).

*The software is a la carte. You choose the quotes that you need for this offer up to $500 worth. We'll give them to you free for one month, then after that, either keep the quotes you chose or pick different ones to lower your cost.

**You don't pay firm commissions for the first month. You must still pay ECN/exchange fees. After your first month's worth of trading, we'll rebate you all of the trading commissions from your firm rate.

Contact us through LinkedIn or my email below for additional details on this offer. I'm happy to answer any questions that you have.

rob@echotradeonline.com (Let me know that you found me on LinkedIn for this special tiered pricing!)

Automated Trading
High Frequency Trading
Dark Pool Access
Specialized Routing
Point and Click Trading

http://www.linkedin.com/company/2516071/668102/product
 
I posted Echo's rates because I think they are really one of the only other firms out there that are comparable to Bright in terms of how long they have been around and their reputation in this business.

I have no interest in dealing with the sub LLC's out there of which there are many.

If you guys think there are better deals out there, don't hide behind an alias, post them. I will call them Monday and confirm if what was posted was true.
 
echo does pay 100 % of profits to all traders

how does that compare to bright paying out Only 80 % of profits

That is a huge difference for most traders . why give away your profits ?
 
Quote from hitnrun:

echo does pay 100 % of profits to all traders

how does that compare to bright paying out Only 80 % of profits ?

huge difference for most traders i would say regardless of comm
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I'll tell you what. I'm going to say something and I'm going to ask you to read between the lines. Fair enough? Bright's deal is the same as Echo's. You can interpret that however you want. I'm not going to elaborate.
 
most active traders probably do 1 mil shares monthly on average

some props will offer .0015 to traders with a 95 % or higher payout

it's a matter of neg the best deal with any firm that meets your needs
 
Quote from hitnrun:

most active traders probably do 1 mil shares monthly on average

some props will offer .0015 to traders with a 95 % or higher payout

it's a matter of neg the best deal with any firm that meets your needs
More...

Look, it's Easter. I'm not going to be a dick to you today. I know what the "facts" are. I've been in this business for a long time. Maybe too long. I know what deals are out there. I know every firm in this business. We'll leave it at that.

And for the record, I have no sales involvement with Bright whatsoever. Just trying to keep the facts on the table here.
 
Quote from hitnrun:

i know the deal & how it needs to work out in the end to get the trader his profits at the end of the day
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I have no idea what that means but happy Easter anyway.
 
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