NJ Prop Firms

[bears21]

Quote from Maverick74:

I have heard from most of the big traders there that they no longer run the same model they ran in the 90's or early 2000's. In fact Schonfeld stated that himself in a recent article.

And FNYS has basically completely stopped backing new guys.

I heard they were changing to a hedge fund model but had to scrap it, wasn't enough interest in raising investor capital. Prop model is dead so who knows what their new model is.

 

[traderchi128]

Quote from Maverick74:

I have heard from most of the big traders there that they no longer run the same model they ran in the 90's or early 2000's. In fact Schonfeld stated that himself in a recent article.

And FNYS has basically completely stopped backing new guys.

They still run almost the exact same model at Schonfeld. Same strategy. The software/filter they have is basically the same they had back in the early 90's.

If you are talking payout/backing model. That too is almost identical to what they had in the 90's.

FNYS, I agree ...seems to be "in a different place" these days. But "going under"...not sure that's the case.