Quote from Joab:
Let's do some basic math.
Average prop trader 25,000 (low end) - 250,000 (high end) shares per day.
So let's just say 75,000 shares average per day per trader (give or take).
Average prop house 250 traders
Say 5 big houses and 10 smaller boutiques so lets take 7 as a round #
7 prop house x 250 Traders x 75,000 shares each per day
= 131,250,000 shares volume per day
No idea about it's accuracy but it's probably as good a guess as anyone's so far.
hmmmmmmmm
Hows that math ????
Quote from Joab:
Let's do some basic math.
Average prop trader 25,000 (low end) - 250,000 (high end) shares per day.
So let's just say 75,000 shares average per day per trader (give or take).
Average prop house 250 traders
Say 5 big houses and 10 smaller boutiques so lets take 7 as a round #
7 prop house x 250 Traders x 75,000 shares each per day
= 131,250,000 shares volume per day
hmmmmmmmm
Hows that math ????