What´s wrong with WTS?
- Thread starter ronin266
- Start date
From just a few YEARS ago, come on... Back a "few years ago" there were margins and room to negotiate, and as things changed, so did pricing..with us and our friendly neighbors.
I spoke to Lescor, and it just didn't make sense for him at the time, maybe still doesn't. At the same time, our top people have been with us for 10, 15, 20 years, and are still here, and many have shopped multiple times (good biz practice)...must be doing something right.
And, I'm not "implying anything" - I'm stating that we are very comparable to our competitors like Echo and G2 - as I said, we speak about such things.
Don
All the best,
Don
i would think for a million a month, you'd be lucky to get $3 (assuming 100% payout to not add another variable).
Don, did you ask WTS what kind of money they have in the BD or firm money vs trader money?
Don
You seem to think your commission rate is competitive with other licensed prop firms
You are NOT competitive
A trader can get a deal right now with most cbsx prop firms doing
1 million shares a month & pay .002 on all shares with a 95- 99 % payout
That is a competitive deal for experienced traders that know how to negotiate
even better someone can get .0015 with the same volume & payout with wts
Your comm rate of .004 & lower blended tiered structure is out of date period
By the way your payout of 80 % of profits is NOT competitive with any of the prop firms
your comm rate & payout are not attractive for most traders that do their homework
These are the facts !
even though you will disagree with me , some pro traders do know better
You seem to think your commission rate is competitive with other licensed prop firms
You are NOT competitive
A trader can get a deal right now with most cbsx prop firms doing
1 million shares a month & pay .002 on all shares with a 95- 99 % payout
That is a competitive deal for experienced traders that know how to negotiate
even better someone can get .0015 with the same volume & payout with wts
Your comm rate of .004 & lower blended tiered structure is out of date period
By the way your payout of 80 % of profits is NOT competitive with any of the prop firms
your comm rate & payout are not attractive for most traders that do their homework
These are the facts !
even though you will disagree with me , some pro traders do know better
I dont want to get into a ding dong but the way I thought most prop traders who use these Canadian firms work was they just leave the minimum 'buy in' amount in their account and cash out monthly/weekly.
So you just leave your $5000 or whatever in there and cash out. Sure there is a risk you might lose your $5000 every blue moon but if you are cashing out $100k+ per year and once in a blue moon you lose $5000 it's no great shakes is it. you get these crazy low commissions that make a big difference esp on certain strategies.
please correct me if I am wrong.
Bright does not compete with your typical CBSX firm. The niche at Bright is allowing strategies, mostly longer term pair trading, that most CBSX firms won't even touch. If allowing a trader to utilize a strategy that will make them money, who cares if your rate is .002 or .004. There is a reason why Bright continues to stay in business even with higher rates and an 80% payout.
Yes, we are capitalized well enough to allow $$ for any time frame.
If any serious trader wants to know the actual facts, rather than just speculation, please call me next week. I'm not in the office today.
Check Echo or Generic as well, first if you like. Great firms BTW.
Don