Schonfeld Group

[sobepehopeful]

Does anybody have any information on what trading for Schonfeld is like?

I know they have an office out in Long Island and a couple in South Florida, I went to their website recently and it says they just merged with Lightspeed. If anyone has traded or know of someone who has traded with this firm in the past please feel free to pass along info.

 

[cstfx]

Check out this article in Trader Monthly a few months back. Gives you a little insight to what they are about.

http://www.traderdaily.com/magazine/article/22107.html

You need an account to view the article, but it's free.

 

[igotbadbeat]

I believe they also have offices in NYC. It's basically trading retail but with their money, so you are free to do as you please. I hear the commissions and payout are outrageous(in a bad way), but so is the amount of capital they will offer you(in a good way), so it sometimes evens out. Plus you'll never have to pay a cent of your own money to cover losses.

 

[NY_HOOD]

do they require a 7 ?

 

[sobepehopeful]

Yes the do require a 7, the only firm I have heard of that doesn't require a 7 is Flat Iron