NYC firms in Midtown Manhattan or Queens?

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.
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Yes I experienced the same thing while looking for Futures shops around here. I would much rather trade Futures but given that I am new to trading I think that some time with others on an active floor is better for me right now than swinging it alone. (and active equities trading floors are plentiful in NYC) Thanks for the info though, its good to know that one can segue this way.
 
Just curious: Who the hell would need a FX prop shop when the brokers are giving up to 400:1. 25:1 is more than enough and is dangerous enough, in my opinion.

Do you smell something? I smell something.
 
The only benefit to go prop in FX would be if they provide training. Also, if your positions are getting liquidated because of margin requirements during losing trades, it may be a benefit to have more prop frim capital in your account to keep you in your trades.
 
Quote from 79Limit:

Thanks.
I actually ran into ATLANT online and on CL a few days ago too. No idea who they work through either.
www.atlanttrading.com - small site and much isn't in english.
They have a program where you pay for their training and if they hire you they offer a 50/50 prop plan.
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$1.50 a share. 50/50 staked! :eek:
 
Quote from JLBernstein:

Are you all looking for work as traders at a prop trading firm?
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That is easy to find.
What I am looking for is the "right" trading firm for me. As, I expect, everyone else is as well.
 
Ok...so what makes a trading firm "right"?

I would love to know some of the guidelines/qualities that experienced traders look for in a job.
 
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