SoCal and NorCal Traders.

snooptrdr · Sep 17, 2009

Quote from Don Bright:

(Nice Cricket, LOL)

....suffice it to say that Mr. Kim sends many traders to Bright Trading after a year or so when the trader wants to move into a long term career.

On the other hand, we are doing very well in BC. The other Provinces simply do not allow U.S. firms. Even my friends at RBC Carlin cannot operate there...and they're owned (were) by a Canadian Bank.

(and, yes, there are many more fixed costs in the U.S.)

All the best,

Don

Thanks for the info Don and I agree, if someone wants to trade longer term (pairs strategy) they would be fools not to sign up with Bright. Your guys in Vancouver have an excellent reputation, but as far as scalping goes it is hard to beat these Canadian firm's cost structure.

I guess my point here is that I wish the SEC/govt was a little more business friendly to US firms like Bright, given your comment: (and, yes, there are many more fixed costs in the U.S.) I wish they would stop 'protecting' us, we all know who ends up paying these fees in the end.

Don Bright · Sep 17, 2009

Quote from snooptrdr:

Thanks for the info Don and I agree, if someone wants to trade longer term (pairs strategy) they would be fools not to sign up with Bright. Your guys in Vancouver have an excellent reputation, but as far as scalping goes it is hard to beat these Canadian firm's cost structure.

I guess my point here is that I wish the SEC/govt was a little more business friendly to US firms like Bright, given your comment: (and, yes, there are many more fixed costs in the U.S.) I wish they would stop 'protecting' us, we all know who ends up paying these fees in the end.

These Canadian firms keep a percentage of profits as well, which can offset any additional costs at times. We have hundreds who "scalp" and do quite well by keeping 100% of profits... just clarifying for those on here who don't quite understand the various models.

All the best,

Don