Rentention Rate at Prop Firms

[TraderBob]

Rtharp,

You mentioned that "Echotrade currently has a track record of having more traders at the end of the month than at the beginning of the month". This could mean more than 100% turnover each month. I assume this is not the case. What is the approx turnover and does it vary much by location ?..................Thx

 

[rtharp]

Originally posted by TraderBob
Rtharp,

You mentioned that "Echotrade currently has a track record of having more traders at the end of the month than at the beginning of the month". This could mean more than 100% turnover each month. I assume this is not the case. What is the approx turnover and does it vary much by location ?..................Thx

I think it is pretty obvious that there isn't much in new blood around. The above post was something I heard from the head office. I have yet to lose a trader at an office I manage. I do not see the stats on traders so that question would best be addressed by calling head office in Phoenix. 866-700-ECHO as I don't want to give out incorrect figures

Robert Tharp

 

[axehawk]

Originally posted by curiousw


3) Does the fact that they only do NYSE and other places like Schonfeld & Heartland do only NASDAQ make a difference? Is it better to do NYSE only, or vice cersa?

Thanks

Curious W [/B]

I didn't realize that Schonfeld only traded NASDAQ. Can anyone confirm this?

AX

 

[curiousw]

I may be wrong about that, sorry. But please answer my other q's if you can.

THanks in advance

W

 

[Don Bright]

Shonfeld trades both markets.

 

[rtharp]

Originally posted by axehawk


I didn't realize that Schonfeld only traded NASDAQ. Can anyone confirm this?

AX

I know the system they trade (found a leak) and no they trade both markets

Robert