Swift Trade vs. Brite Trading convince me which is best...

[Don Bright]

Quote from swiftmike99:

"Swift does very well, pays a lot of fines (sorry Charles, LOL)."

"when the traders get a bit older, and actually want to learn about real trading"

Yes these two statments are not negative at all, with friends like you who need enemies? LOL

We joked about the fines, a part of doing business with algo trading at the time, not a big deal I guess. And, I was quoting about the "real" part of "real trading."

There is just no fight here, simply different models...we have respect for each other as I have for most firm owners that I know.

Believe me, there are dozens of guys that I have to bite my tongue about here on ET, Swift is not one of them.

I'm sure we'll get along if we meet in person. Are you in Toronto? That's where I met with Charles last.

Don

 

[Don Bright]

Quote from eusdaiki:

Swift might have had many credit traders before reg NMS, but after NMS took away Attain most of the credit traders perished.

Wasn't ATTAIN owned by Harvey Houtkin (All-Tech)...think so. I remember when he came here and traded like 300,000 shares in a couple of hours to show off how he makes money on the liquidity spread. Good guy too, even though bashed by Regulators.... too bad he passed away, my age, on an operating table for minor surgery....I guess you just never know.

Don

 

[kiloj12]

I have seen many Swift traders come to elitetrader and post fantastic results. One trader seemingly made a million in 1 year and had posted his picks/calls throughout the site.

I have not seen any Brite traders on the board. Don, do the Brite traders exist on this website where we can see their calls and trading success?

 

[Don Bright]

Quote from kiloj12:

I have seen many Swift traders come to elitetrader and post fantastic results. One trader seemingly made a million in 1 year and had posted his picks/calls throughout the site.

I have not seen any Brite traders on the board. Don, do the Brite traders exist on this website where we can see their calls and trading success?

Not many post, some "lurk" ..... we keep our computers busy trading, that's why I have to keep 2 going to monitor ET, LOL. Helps me with my TASC Q&A columns etc.

Don

 

[Copernicus]

Quote from Mom0/pH0x:

there's alot of bullshit in this thread, NONE of the swifties i know trade primarily for rebates... in fact across swift trade as a whole, 90% + of their traders actually cross the market to get in and PAY to TAKE liquidity... people who get rebates are a minority and people who actually TRADE FOR REBATES are a stark minority... this is first hand information...

swift also provides access to markets across the world, maybe bright does too, but i don't know of any bright traders trading euronext, omx, nikkei LSE etc.

don's pejorative jabs re: "real trading" is a pretty tasteless maneuver even for bright... i would bet that the success rate for swift is dramatically higher than for bright... also the fact that bright's rates are roughly 50 times swift's rates certainly isn't in bright's favor.... also the disinformation with regard to swift being a rebate trading shop(at least post circa 2004) is also a (new) stain on bright's credibility

that being said the very simple answer to the question is- if you want to hold overnights and trade multiday timeframes, bright is better... for anything else and all things intraday swift is better...

since when does swiftrade have Nikkei access, is that a new development?

 

[Copernicus]

swiftmake, can you tell me which markets can currently be traded through swift trade?

 

[Copernicus]

Quote from Mom0/pH0x:

yeah, pretty new according to the manager at the branch in my city... i'm assuming it had something to do with their recent expansion into china...

thats pretty impressive i would say, what kind of commission do they charge for the Nikkei?

 

[econometrics]

can you trade japanese stocks

 

[Don Bright]

In any event, since we've seemed to move on...there is no fight here...I have a call into Charles, and hey, how many of you would log into a Paltalk audio discussion with he and to get the facts, from both of us about our business models....?

If we get enough interest, I'll get it set up.

To my friend Momo, I really wish we could meet in person, my treat (to a point, don't know where you live, LOL).... somehow, somewhere along the line, I must have said or done something that may have been misconstrued.

Had that same thing happen with my now, good friend, Maverick 74 (Hi John).... a couple years back...the Paltalk discussion seemed to smooth things over for everyone.

Anyway, all the best to you Swifties, just please don't "Swift boat" me, LOL

Don

 

[eusdaiki]

Quote from Mom0/pH0x:

my understanding is that yes, asian stock trading is now available... i wasn't refering to the nikkei futures index... you will want to get details from someone else on this as mine are fuzzy at best since as far as i know it's a recent development at swift. TSX, LSE, and euronext has been traded there for a while... so, i guess that's not super exotic, but it's alot more than your average shop.... although a few other places i know of are doing comparable stuff, such as opus and alot of the dutch prop firms...

we do trade Tokyo & Osaka stocks.