Quote from EricP:
Wowza. Where to begin? ok, maybe you aren't a shill for Don, my apologies.
"Patents" for trading systems? Really. Do you think that's what hedge funds do? Goldman Sachs? Not a prayer. Intellectual property such as trading systems are kept very tightly controlled as Trade Secrets (propriety information), and not shared with anyone. I assume you must be aware that a patent application must fully and publically disclose the 'invention' (I know, I've been through the process). That's precisely the opposite of what the successful trader would ever want to do.
"Stop beating a dead horse?" There is a discussion going on concerning "Prop firms asking for source code and strategy." If this doesn't interest you, move along and find a discussion topic that is more to your liking. Alternatively, contact Baron about becoming a moderator, and maybe he'll give you the power to close threads that you aren't interested in.
"SEC regulations" on this topic? Perhaps you would care to share details of your knowledge on this topic, by posting SEC links and quotations that support your views. That could be helpful in this discussion.
Non-disclosure agreements? If you don't trust the firm that you are working for, then an NDA is not worth the paper it's written on. Ask the independent traders that had accounts with Team Trading or VCM how well their signed contracts have held up.
"OP doesn't have a whole lot of alternative prop firms that are willing to accept him?" I don't have a clue, but I don't see any evidence from his posts that would support this wild assumption.
"Stop beating up on this dude that has nothing to do with this 'firm' in question?" There is nothing to suggest whether his 'dude' has anything to do with the firm "in question" or not. Why do you assume he does or does not?
Sounds to me that you have little knowledge pertaining to the topic of this thread, and prefer to make baseless assumptions and unsupported conclusions. I would suggest you might be more productive asking questions (if you are interested in information), not readinging this thread (if you are uninterested in the topic) or contributing something of value to the topic if you have any to contribute. Other than clarifying that you don't know Don, the rest of your post merely seems to inform us that you don't like the topic and are not interested in further discussion. Fine. For the rest of us, it's a serious topic.
I'm done with this topic, and will go back into hiding now. Have the last word to your satisfaction, if you please, but don't be fooled into thinking that this is an insignificant or unimportant topic. For a clueless or unsuccessful trader, it is not applicable. But, for a successful systems trader, it is one of the most important things in his mind when choosing a broker. From your comments, I assume it does not apply to you.
