0 Commish NYSE Gross Deals

Discussion in 'Prop Firms' started by Don Bright, Oct 17, 2003.

  1. axehawk

    axehawk

    It's not advantageous. According to the 20 days (1 month) of trading data I used, the trader's net payout would be almost identical using either structure. Your costs (Bright Trading's take) would almost be the same also.

    The only reason a trader agrees to take a 40% payout (or less) is to shift the risk towards the firm.
     
    #21     Oct 19, 2003
  2. And the controversy continues. We have always had that program, and it seems to make more sense....but we try to "please everyone" if we can.

    Don
     
    #22     Oct 20, 2003
  3. Correction: Ours is 40% of the Gross, not commissions.
     
    #23     Oct 20, 2003
  4. zdreg

    zdreg

     
    #24     Oct 20, 2003
  5. zdreg

    zdreg

    correct- for traders in middle a gross payout of 35 to 40 perc ent is roughly = to commission charges + a high profit payout
    there are traders who gross e.g. 40k from market but after commissions net zero and a 35% payout is reasonable.
    each trader can figure out his individual circumstances.
     
    #25     Oct 20, 2003