SunGard dumping Assent/Andover prop trading business?

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JWKirkland,

This rumor is being generated first hand by YOUR traders. You guys should sort this out internally if it is indeed false. No, it's not a rumor from a "friend of a trader's sister that her cousin's uncle's best friend knew the brother of a guy that told his neighbor". So, maybe you should just tell your guys to be quiet then. Obviously, some of the branch managers are indeed concerned enough to pass this info along to their traders.


Quote from JWKirkland:

I heard a rumor from a friend of a trader's sister that her cousin's uncle's best friend knew the brother of a guy that told his neighbor that the subject of this entire thread was possibly a bunch of crap.

Just passing stuff from the rumor mill.....
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hahahaha! whatever, believe whatever you want. you're wrong...like most of the trades you probably get into. damn pikers all over this board.

this guy obviously has some beef against worldco, since he always associates anything negative with that company. obviously, he lost a lot of money in the market and got dicked over by the firm. ashamed, he has to blindly attack everyone on this board about it.

pretty lame.

Quote from OVERtheLINE:

when you spoke about "day traders lousy hopes" I knew you were a crock.

then you went on about how good traders "couldnt give a rats ass about helping others" It became crystal clear
your a ....

we all know your nothing but a junior trader at worldco fetching stir frys at lunchtime, but its no reason to be so bitter

either way ESMF
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Quote from RichSohn:

JWKirkland,

This rumor is being generated first hand by YOUR traders. You guys should sort this out internally if it is indeed false. No, it's not a rumor from a "friend of a trader's sister that her cousin's uncle's best friend knew the brother of a guy that told his neighbor". So, maybe you should just tell your guys to be quiet then. Obviously, some of the branch managers are indeed concerned enough to pass this info along to their traders.
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First of all, none of "MY" traders believe the crap you posted.

I am not concerned with it.

I do believe that you do have an agenda with this entire thread, otherwise who gives a crap? You do not trade with ASSENT do you? What do you care?

We just keep trading, and the point is that whatever happens, happens.

We will just keep trading.

I do find it interesting when ASSENT just opened an office in the PAST WEEK in Las Vegas and had leased more space in Los Angeles for traders recently.
 
quote from Shortsqueazed
momentum securities said everything was false too
That is untill the deal hit the news wires. Two months later with the software in hand they shut down all the Momentum daytrading offices because they are a liability with little or no profit margin. What is the use of having a room full of traders that are trading at cost?
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It is uncertain to me what offices are viable and which are not.
Protrader.com shut down all of its offices except two in Austin
and Irvine; but from what I have read these two have
been picked up by ETG (etgtrade.com). But which of the list
of ETG offices http://www.etgtrade.com/whereweare.htm
are viable? Momentum was aquired by etradeprofessional.com
but they have closed all the Texas offices:
http://www.etradeprofessional.com/PageStructure/mstOfficeLocations.asp (so even the map is not up to date).

Assent seems to have a viable office in San Francisco and
New York; but what about the others?
 
Quote from JWKirkland:

I do find it interesting when ASSENT just opened an office in the PAST WEEK in Las Vegas and had leased more space in Los Angeles for traders recently.
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Quote from mujotrader:

Assent seems to have a viable office in San Francisco and New York; but what about the others?
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As often happens on these threads, the discussion turns to various offices, the latest 'n greatest, etc. Let's please keep things on topic, that is, whether SunGard is divesting itself of Assent. Nothing more. Thanks.
 
This thread should be closed in the first place. There is NO foundation for any rumor, that is the reason for people stating the viable offices.
 
If Sungard's goal is institutional and hedge fund business then why would they want to carry offices with traders who trade at firm cost? Daytraders are a liability to any high-end clientele firm and prop-trading daytraders are the biggest liability of them all. So you couple this with the fact that Andover ramped up volume by giving away commissions to get a deal done with the liability issues then I see a house cleaning E*Trade style.
 
At a number of member's suggestions I have closed this thread. Down the line if there is some further information regarding this issue (outside of more rumors) then please start another thread. BTW, I want to thank everyone for showing restraint, as these discussions often get quite emotional.
 
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