I don't need to get into an arguement defending a bunch of pigs that will be convicted. The rules are there however, and frankly, not many large...
I don't see how people confidently trade when they don't know the rules. Then again, how do you start with five thousand dollars and get 10-1...
If you don't know how an equity auction market works you are better off sticking to the Nasdaq. I will repeat, I was on the floor for fifteen...
There are rules in place where it makes it diificult for the specialist to take advantage of stop orders. Anytime there is a build up of stop...
My main concern with the LLC set-up has always been the safety of my money. I think this sounds like a darn good idea.
It was in the best interest of the exchange members to take the money because Thain is trying to close the darn thing. Grasso would have gotton...
It seems to me that the information on what stocks he will discuss is dissimenated. Are the callers really that prescient? They are always able...
Part of the reason it is diificult to get backing without these ridiuculous $10000 payments is the idiotic statements here. "play big" "swing...
Good recap Don. It is important to me that orders on the book be given the chance at price improvement when a print goes on the tape. Also, if...
What the heck does never had a down month gross mean? Who cares? We enter into trades so we can be profitable net. Aren't all trades and...
I agree. Good point Don. You all have certainly adjusted well over the years. It seems to me that the price improvement is necessary in order to...
It is not a NYSE rule but rather up to each individual specialist firm how to handle "billable" orders. These fees are often discounted and also...
Somehow I think very few people have lost more than their capital contribution.
Awful scarey that a firm would need to hold a minimal capital contribution from a trader for a year in order to meet some SEC capital requirement....
What does it mean that you do not need to "hold" money? How is this different than other firms?
Why would someone pay 12% to execute a trade idea? Do credits and debits offset?
These guys have a program where they will allocate capital to talanted traders from various markets.
Left a hedge fund recently where I had been working for a year in solely an execution role. Previously, I ran a equity prop desk at a major bank....
Sorry guys but I come from the world of "margin". Please explain with numbers the concept of "haircut". What is 4%, what is 6%. Is this per...
Don Could you explain what a "sub-llc" is and the implications of. Is it different than an llc? Thanks in advance.
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