Prop Firms In Chicago
- Thread starter robbo
- Start date
The funny thing is that a good majority of the people I run into in prop rooms in Chicago are ex-pit traders - mostly prop option or futures - few prop security traders because a lot of them don't have the proper skill set. A lot of them can't make the transition from the floor because it is a whole new game - but some seem to be making a killing.
The chicago floors still looks packed when I have visited recently but you have to wonder how many more years they really have left.
The chicago floors still looks packed when I have visited recently but you have to wonder how many more years they really have left.
Seth,
That is how some of the Floor Traders are trying to make the transition. They come up for a few hours or trade at night on the screens to get the feel. It's a fairly difficult transition, because on the floor thay know where the orders are and they can lean on paper. On the screen, there really isn't any flow information and that was what they used to make trade decisions. The screen has the edge in information, like economic reports or timely news. Screen traders can alos see how trades set up Technically, because they are not constantly making markets.
That is how some of the Floor Traders are trying to make the transition. They come up for a few hours or trade at night on the screens to get the feel. It's a fairly difficult transition, because on the floor thay know where the orders are and they can lean on paper. On the screen, there really isn't any flow information and that was what they used to make trade decisions. The screen has the edge in information, like economic reports or timely news. Screen traders can alos see how trades set up Technically, because they are not constantly making markets.
there is a new prop firm opening up. they have offices domestically and overseas and offer remote access. the web site address is http://gilldirect.com yes, i am a member of this group but i am not one to beat you over the head with it. just check it out and you decide.
Wow, I know it's tough for prop firms these days, but this post is only an hour old and there's already no trace of them left at their website.
