Vtrader

You'll increase the value of the firm two-fold if you can get the OTC permissioned. I know of quite a few large, experienced traders who want to trade OTC vanillas and exotics from an office setting. Lots of sell-side guys would jump at the chance.

Do you validate parking? :p
 
Quote from Maverick74:

I run the Chicago office. Not sure if this post will be deleted or not because I'm really not suppose to talk about my firm since we are not a sponsor of this site. But I think it's fair that I address some of the questions being asked here.

On risk management, I think we are probably leaps and bounds ahead of everyone else in this arena because we have 30 years of risk management experience watching over the accounts. Our firm as a whole is net long gamma, a lot of gamma and our firm wide account is all cross margined. We also are very watchful over the downside, more so then the upside for obvious reasons.

No firm is 100% safe, but I feel far safer with guys trading derivatives mostly rather then holding straight stock or futures positions overnight. Or even straight stock intra-day for that matter. I've seen many a stock halt in my day.
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Gee Mav, it took several pages to see your post...taking a vacation? (LOL, Just bugging you).

FWIW, Vtrader is on my "good guy" list (as a competitor of sorts), not the "much feared Don Bright bad guy list)...LOL.

Jeff G. who I think still runs it, used to be a Bright Trader, and went out on his own with a couple of different ventures over the years.

I like Mav, seems fair and honest. Don't necessarily agree with the derivative trading being safer overall (at least not for the inexperienced guys), but that's just my opinion...and, Mav is in Chicago, where there is more pressure to trade other vehicles.

However, "Long Gamma overall". Definitely much safer than the other side overall. I just can't bring myself to buy options...as the great Blair Hull once said "options are meant to be sold". LOL.

Don:cool:
 
No Riskarb, I have not decided to leave VT at all :D

Quote from riskarb:


They have one huge trader that takes tremendous swings, but I don't know if he's sticking around.
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Quote from Don Bright:

Gee Mav, it took several pages to see your post...taking a vacation? (LOL, Just bugging you).

FWIW, Vtrader is on my "good guy" list (as a competitor of sorts), not the "much feared Don Bright bad guy list)...LOL.

Jeff G. who I think still runs it, used to be a Bright Trader, and went out on his own with a couple of different ventures over the years.

I like Mav, seems fair and honest. Don't necessarily agree with the derivative trading being safer overall (at least not for the inexperienced guys), but that's just my opinion...and, Mav is in Chicago, where there is more pressure to trade other vehicles.

However, "Long Gamma overall". Definitely much safer than the other side overall. I just can't bring myself to buy options...as the great Blair Hull once said "options are meant to be sold". LOL.

Don:cool:
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Yes Don, I am on vacation! I'm glad to see I'm not a target of the Bright mafia. Scary group. LOL.

Again, I'll try to put this as subtle as I can, our firm is not interested in unexperienced traders. Therefore the derivative comment is a moot point.

As far as being long gamma overall, that's the benefit of cross margin and haircut. And btw Don, Black Scholes dictates that the expectancy is the same whether you or long or short options. But that discussion would be off topic on this thread.

Have a good weekend Don.
 
Big Numbers. I think I remember hearing a couple mill in a week or so. But who knows how much he's playing with.
 
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