Proprietary firms that don't front run your data

Scalperten said:
No front running is when you're trades get beaten by milliseconds there for preventing you from getting a good execution rate. You end up trading a penny after what you're trade would be if you were not getting front runned. Not all brokers sell your data though.
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So you are saying that if your trades get "front-runned" and your executions are off by a penny, you are losing money? Hmm...

?
 
Overnight said:
So you are saying that if your trades get "front-runned" and your executions are off by a penny, you are losing money? Hmm...

?
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Yes, this "experienced trader" who happens to be "in school for finance" is also running an HFT MM in their spare time where penny execution makes the difference between feeding your family or living on the street.

Still hasn't told me his broker...
 
Scalperten said:
No front running is when you're trades get beaten by milliseconds there for preventing you from getting a good execution rate. You end up trading a penny after what you're trade would be if you were not getting front runned. Not all brokers sell your data though.
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Welcome to the hft world. They will beat you to all good trades at the penny/ subpenny level.
 
Scalperten said:
Hedge fund trading I got it. There has to be a good hedge fund that doesn't sell your data.
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I don't think you "got it", really.

I also wish to mention that if you really are going to school for finance, you of all people should realize that living in "NYC" is not a prudent move when going to school there. There is zero reason to have your permanent residence listed as one of the 5 boroughs, unless you get a really dirt-cheep squalid pad in one of the outer boroughs. Why not find a squalid pad in nearby Nassau county, where you pay no city tax on your income, and can just take the LIRR (or subway if yer creative) and save that much more on taxes and rent?

The "chic" factor of being able to say that you live in NYC just isn't worth the cost these days.
 
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I have read about trader equity and they seem legit. Don't know how executable they are. Also thought about suretrader in the past. I went with trader 2b and wasted my time. I am not opening the account yet. But instead I am trying to see the players of the game. Hasn't been that bad hope it works out for you guys too.
 
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