NYC firms in Midtown Manhattan or Queens?

Ebo · Dec 22, 2006

Where is Atlant based, Little Odessa?

brandon12 · Dec 22, 2006

jesus is that a russian day trading firm in nyc ? lol thats threw genesis

79Limit · Dec 23, 2006

Quote from Ebo:

Where is Atlant based, Little Odessa?

Yes - Not far off anyway.
27 Story St. Brooklyn

Does anyone have contact info on Avatar? Their website gives them a professional appearance but their email address bounces. www.avatartradingllc.com

Anybody else have knowledge of any firms in Midtown Manhattan or Queens?
Those that are not on the floors of Hold, Dimension or Assent that is.

moneymaker2006 · Dec 23, 2006

That website for Avatar Trading www.avatartradingllc.com is new from what I remember ( I traded with them for a year and a half and they must have revised the website when they moved to their new office). Try using avatartrading@yahoo.com to get info. This is the email I used to use to communicate with them. Ray or Omar are the partners I dealt with. Good guys, and I have dealt with a number of prop firms over the past five years. I left because I moved into futures trading and they couldn't offer that to me.

limitdown · Dec 24, 2006

Quote from 79Limit:

Thanks.

However in my original post I'm asking about firms that are NOT on the floors of Dimension, Hold or Assent.
(and not in the financial District)

Of thee 3 you list it looks like Avatar is the only one not on one of those floors. -Thanks for showing me them.

just curious,

pm me if you feel more comfortable,

but why are you specifically avoiding those mentioned firms or their buildings?

Its almost as if those firms have an aura around them that you would like to avoid....in which case, that justifies itself...

79Limit · Dec 28, 2006

Quote from moneymaker2006:

That website for Avatar Trading www.avatartradingllc.com is new from what I remember ( I traded with them for a year and a half and they must have revised the website when they moved to their new office). Try using avatartrading@yahoo.com to get info. This is the email I used to use to communicate with them. Ray or Omar are the partners I dealt with. Good guys, and I have dealt with a number of prop firms over the past five years. I left because I moved into futures trading and they couldn't offer that to me.

Thanks a lot. :-)

I'll contact them that way.

Who are you trading Futures though in NYC?

79Limit · Dec 28, 2006

Quote from limitdown:

just curious,

pm me if you feel more comfortable,

but why are you specifically avoiding those mentioned firms or their buildings?

Its almost as if those firms have an aura around them that you would like to avoid....in which case, that justifies itself...

You are very nearly correct in your guess about my opinion.
I will PM you as well.

moneymaker2006 · Dec 28, 2006

Had a tough time finding any futures prop shops in NYC area. I ended up pooling money with two other traders (also friends of mine) and we trade ER2 and YM through Infinity (they're just an IB for Transact Futures). They have a stable NON-JAVA BASED platform that has only gone down twice (for a few seconds) in the past 6 months (knock on wood). CME and CBOT membership would help bring our costs down, but we're paying $3 rt for ER2 and $4 rt for YM which is manageable for us. We get no extra leverage like you would find in a prop firm, but payout is 100%. The leverage you get on your own with a futures account gives you enough rope to hang yourself without the need for a prop shop's additional capital. I love it.

Trader KGB · Dec 29, 2006

Quote from moneymaker2006:

Had a tough time finding any futures prop shops in NYC area. I ended up pooling money with two other traders (also friends of mine) and we trade ER2 and YM through Infinity (they're just an IB for Transact Futures). They have a stable NON-JAVA BASED platform that has only gone down twice (for a few seconds) in the past 6 months (knock on wood). CME and CBOT membership would help bring our costs down, but we're paying $3 rt for ER2 and $4 rt for YM which is manageable for us. We get no extra leverage like you would find in a prop firm, but payout is 100%. The leverage you get on your own with a futures account gives you enough rope to hang yourself without the need for a prop shop's additional capital. I love it.

So if Infinity isn't giving you additional leverage for the futures you trade (as it's unnecessary), what's the point in trading with them? $4 r/t on the YM is the same as IB,MBtrading, etc. $3 on ER2 is a slightly better rate. But does a 60 cent savings on the ER2 warrant paying a desk fee and entrusting your capital with a prop shop?

moneymaker2006 · Dec 29, 2006

Quote from Trader KGB:

So if Infinity isn't giving you additional leverage for the futures you trade (as it's unnecessary), what's the point in trading with them? $4 r/t on the YM is the same as IB,MBtrading, etc. $3 on ER2 is a slightly better rate. But does a 60 cent savings on the ER2 warrant paying a desk fee and entrusting your capital with a prop shop?

There is no desk fee, as we trade from my friends office. Infinity has nothing to do with our money. Our deposits and withdrawals are done directly with TransAct Futures. As an IB for TransAct Futures, Infinity gets paid a referral fee (certain amount per contract I assume) from TransAct. They have a better rate negotiated with TransAct than we would get on our own (probably due to the large volume they bring to TransAct). To answer your question, yes it does warrant us working in this current arrangement. To each his own.