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ronin266
Registered: Jul 2006
Posts: 241 |
07-07-12 11:54 PM
Mav,
The thing works, the money is there. I asked a concrete question regarding to the payout structure in prop firms, not an opinion about our firm strategy. Yes it have something to do with HFT, but it΄s not HFT itself.
I know that futures is not the same that equities, but the strategy works in both worlds. You can give me payout examples for both cases if you wish. But please, don΄t start with those "market is dead" lessons  .
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Don Bright
Bright Trading, LLC
Registered: Oct 2001
Posts: 11698 |
07-08-12 01:16 AM
Quote from ronin266:
Mav,
The thing works, the money is there. I asked a concrete question regarding to the payout structure in prop firms, not an opinion about our firm strategy. Yes it have something to do with HFT, but it΄s not HFT itself.
I know that futures is not the same that equities, but the strategy works in both worlds. You can give me payout examples for both cases if you wish. But please, don΄t start with those "market is dead" lessons .
Just make money, get a good payout, and be happy.
Mav is a Pro in this world, and I think he tries his best to help others whenever he can, but that doesn't mean you can't make something different work.....
Give us some updates when you can....and, "All the best"
Don
__________________
Don Bright (not an alias)
Bright Trading, LLC
http://www.stocktrading.com
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SteveNYC
Registered: Jul 2010
Posts: 787 |
07-08-12 04:07 AM
Quote from Maverick74:
You really have provided no info here. The question is too broad. The structure depends completely on the type of trading you are doing, how many partners in the firm, how much capital they are putting in and the type of edge being exploited.
Weren't you looking at joining a prop firm a few months ago and asking really basic questions? Now you want to start one? My best advice is...don't.
Damn, why are there so many Debbie Downers on ET?
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SteveNYC
Registered: Jul 2010
Posts: 787 |
07-08-12 04:11 AM
Quote from ronin266:
Mav,
Only Equities and Futures daytrading, mostly market-making and neutral strategies. The group will not be a big one, since the strategy needs close cooperation among a controllable group of people (2 experienced traders and 5-8 fresh newbies from college ,7-10 ppl max in total).
Newbies? I am out.
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SteveNYC
Registered: Jul 2010
Posts: 787 |
07-08-12 04:12 AM
Quote from Maverick74:
See, this is the problem. Equities and futures are two different things. I can't even think of a firm that exists in both spaces. There is no point to making markets in equities as the cash outlay is too intensive. If you want to be an HFT firm (not the same as market making), then you are way behind. You'll need to spend millions in technology just to catch up with the worst firm in the space. Same goes for HFT in the futures space. Seriously, just can this idea and find a good firm to work for. You have absolutely no idea how competitive this space is.
I am sure those newbies will help.
What can possibly go wrong with newbies?
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traderchi128
Registered: Feb 2012
Posts: 341 |
07-08-12 04:22 AM
Quote from Maverick74:
See, this is the problem. Equities and futures are two different things. I can't even think of a firm that exists in both spaces. There is no point to making markets in equities as the cash outlay is too intensive. If you want to be an HFT firm (not the same as market making), then you are way behind. You'll need to spend millions in technology just to catch up with the worst firm in the space. Same goes for HFT in the futures space. Seriously, just can this idea and find a good firm to work for. You have absolutely no idea how competitive this space is.
Actually Schonfeld/Opus, First NY, Schottenfeld...etc all exist in both spaces. Some also are trading options. It wasn't that way yrs ago, but with equity trading changing so drastically over the years, people had to make changes and trade other instruments.
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