Where have gone all these daytrading companies ?

[tiddlywinks]

MBT was my first ONLINE futures account. Prior to that, for me, it was pick up the phone and talk to a registered series 3 broker.

Global futures ***I THINK*** has become GFF Brokers... https://www.gffbrokers.com/
And a sponsor of ET.

 

[volente_00]

I can't remember... was datek the one with the first ECN?

Island


Used it to avoid MM bs many moons ago


Datek started around 1996 with $9.99 commissions and catered to day traders with their streamer and level II and island routing

Ameritrade bought Datek around 2002

 

[toucan]

Yep.. that was when I first started daytrading in 1997... and I used them until they were bought out... loved that ecn. .. much better than the exchanges

 

[George858]

Global futures.

Do you mean MF Global? They went belly up about 10 years ago. The CEO lost on some very risk trades.

15 years ago, MF global is a over250 years history company, it seems also bankrupted because of the world's fastest and largest crushing down in 1 second of EUR.CHF on 2015 1.15.

 

[KCalhoun]

I started daytrading with Datek in '99, remember 9.99 commissions and 60-second order fill and fractions, ISLD ecn etc, used it with medved quotetracker,

TV ads with truck drivers owning tropical islands, ah the good old days lol

 

[southall]

15 years ago, MF global is a over250 years history company, it seems also bankrupted because of the world's fastest and largest crushing down in 1 second of EUR.CHF on 2015 1.15.

I think they went bankrupt in 2011 not 2015

 

[schizo]

So fed up with inactivity fees. Alot of these new fintech companies charge zero fees etc. But these old school banks and brokerages completely rip you off. I was being charged $2.50 a month for paper statements. And then another account I had that was inactive was being charged $5 a month. Amazing when these companies make billions off these fees while ripping their customers off

$5 is peanuts compared to how much they charged before the Internet. I guess you were just a baby back then.

 

[toucan]

In 1997 my money manager was charging me $300 per trade for 100 to 300 shares.... he didn't last long..