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hitnrun

Registered: Sep 2011
Posts: 514

01-16-12 02:27 AM

Hey Maverick74

I have been waiting for your response. How about some feedback ?

You have discussed this rumor several times in the past 2 years . all for good reason

What is different now then before with a actual rule being implemented by the sec ?

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WinstonTJ

Registered: Jan 2009
Posts: 1947

01-16-12 05:03 PM

There are a couple things that people are overlooking.

First is IP. Most traders I know that are employed (W2) at a prop firm (even some 1099 consultants) everything they do is the property of the firm, not their own. When they leave they may take some servers & equipment with them - but the hard drives are certainly pulled and stay with the firm.

The second is that of infrastructure. Over the years the prop model has changed to focus on a small floor of younger/newer traders with a bunch of remote guys and perhaps a few small groups in small offices, etc. but the old days of giant desks are long gone.

Employing traders means a lot more than someone just telling them what time to show up every morning. Its a huge change and if any of the employees end up being licensed in any capacity it will really hurt a firm's ability to let them trade remote.

I think the pushback that Don is getting is more related to the employer/employee relationship than the money.

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Don Bright
Bright Trading, LLC

Registered: Oct 2001
Posts: 11698

01-16-12 06:28 PM

Quote from CoraAG:

If the max payout CBSX firms are allowed drops from 99% to 80%, then it seems to me that the commish structure would have to be adjusted accordingly. Otherwise, the model would become unviable for too many traders.

Tried to answer your PM, but you have responses unavailable.

Don

__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com

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