I was told the CBSX firms cannot "hang" the 7 because their SRO is the CBOE and not FINRA, so apparently there is some question regarding the...
Ok thanks for clarification. Sure, you can always use proceeds from settled trades.
Well said. The best value I got from trading a prop account was "forced discipline", which has enhanced my personal risk management skills while...
Absolutely, and although there are firms similar to what you're describing, they are geared for recent college grads and not experienced traders....
Yes, however your example stipulates that the prop firm is going to allow the trader, "Billy", to incur a drawdown of 475k of the Class A...
Ok, I understand what you are saying. When I write about "risk" I'm making a reference to the prop firm taking on risk from the Class B member....
Excellent post, and it's important to understand the concept of "settled" cash balance. If you buy a security using your cash balance in a retail...
Have you seen the Bright's "Class A" member capital from the latest financials or SEC focus report? I don't believe Don "has" to do any of...
The HFT robots want to push it to Dow 12k and S&P 1300, and they'll probably get it tomorrow at the open.
Thanks, that's good to know. Perhaps it has something to do with the new proposed exam requirement for CBSX firms:...
Beyond what is available in a SEC public document and posts made on the net, it's doubtful if any owner of a prop firm is just going to hand over...
Maverick74, Most who view these boards will get a general idea of where the firm's money is made: mark-ups on commission, profit-splits,...
You make some good points regarding the business model of wall street, however I can assure you that there are LOTS of people willing to pay for...
Sounds very plausible. The airlines did this when they started charging for meals and baggage, even after they got your loyalty in their frequent...
Perhaps the original post for this thread who wants to run a prop firm will find this discussion useful. I recall Schwab had per share pricing...
I'm also in the process of upgrading my router (and my cable modem). I was having issues with dropped connections, which is not cool especially...
How's this model: Team Trading charged around $10,000 to 30 to 40 traders a week, and did that TWICE A MONTH! Prop firms have obviously taken...
Thanks for the prompt reply and analysis, it does seem that there is a trending shift even from the registered firms to offer "education and...
The lock up on funds at a CBSX registered firm is an SEC rule 15c3-1, whereby the firm must treat its capital contributions as "firm capital"...
Please explain. The Canadian props charge as low as 20 cents per 1,000 for the high volume "rebate based" traders, whereas firms such as Bright...
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