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Remote ECHO Traders
- Thread starter white
- Start date
Originally posted by True Lies
ISP fine have cable modem. Using sterling not echotrader. Do not know who to call since merger, called echo number and told me to call chicago, chicago told me to call echo. What the hell. I am new trader with echo but not for long if this keeps up. I do not know any other traders with echo so please contact me.
Well, but if u use sterling it should be not echo's fault as sterling has quotefeed from either sp comstock or hyperfeed and it should be their connection to be blamed.
Btw you should recently have received a mail with all the numbers and names to call if anything is not working properly., If not let me know i can forward it to you
WHen you are remote, there is NO accountability. ANd you are subject to connection reliability.
Remote trading will cost you money. And no firm gives a shit if your systemis down. You are just one of many who they will lose as a customer. Its a game of numbers. And eventually, you'll get hit with a ugly loss because of trading remote.
Be smart. Unless you have your own T1's, go with a trading office.
Remote trading will cost you money. And no firm gives a shit if your systemis down. You are just one of many who they will lose as a customer. Its a game of numbers. And eventually, you'll get hit with a ugly loss because of trading remote.
Be smart. Unless you have your own T1's, go with a trading office.
Cheez, you said it.
I ranted and railed against the super lousy Redi+ software whence I joined ET (www.elitetrader.com).
I also gained invaluable experience in what was just said. They've got your money, and you be dammed!
I tell you, those ...astards at Onsite / ABWatley took extreme advantage of this situation and exclusion inbetween remote traders and their clearing agents (hence bypassing the brokerage), and counted on the falicies that occur, in terms of poor executions, trade slippage and the like.
Frankly, you really should consider (any and all remote traders) being able to drop on a dime, your present brokerage relationship as a remote trader and shift to another. That means having your U4 ready to just fill in the next brokerage firm's name, and your monies liquid. Otherwise, trade as sophisticated retail customer through some of the more pseudo-professional and openly available professional brokerages, like IB or otherwise.
I ranted and railed against the super lousy Redi+ software whence I joined ET (www.elitetrader.com).
I also gained invaluable experience in what was just said. They've got your money, and you be dammed!
I tell you, those ...astards at Onsite / ABWatley took extreme advantage of this situation and exclusion inbetween remote traders and their clearing agents (hence bypassing the brokerage), and counted on the falicies that occur, in terms of poor executions, trade slippage and the like.
Frankly, you really should consider (any and all remote traders) being able to drop on a dime, your present brokerage relationship as a remote trader and shift to another. That means having your U4 ready to just fill in the next brokerage firm's name, and your monies liquid. Otherwise, trade as sophisticated retail customer through some of the more pseudo-professional and openly available professional brokerages, like IB or otherwise.
Originally posted by MVP
WHen you are remote, there is NO accountability. ANd you are subject to connection reliability.
Remote trading will cost you money. And no firm gives a shit if your systemis down. You are just one of many who they will lose as a customer. Its a game of numbers. And eventually, you'll get hit with a ugly loss because of trading remote.
Be smart. Unless you have your own T1's, go with a trading office.
I don't think there is anything wrong with trading remote.What if you live in a state where there is no office?And if you do live near an office,at least you won't have to commute,deal with other traders,or wear a suit.I also think cable or dsl is enough to get the job done.And should a problem occur,you can always call the order desk to get you out of a position.