Any firms hiring with no capital contribution

maxpi · Dec 2, 2003

Quote from CalTrader:

IMHO advanced business degrees - from any university including Wharton- without experience running and starting companies are really vacuous credentials......
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Read up on witness protection programs and the people that go in there. Street smart mobsters go in to the program and get a new identity and a job in a corporation. Those guys rise in the organizations and make it to the boards of directors sometimes.

On the other hand Mr. Market is from Wharton so maybe they are teaching something the rest of us can't understand, something beyond street smarts maybe?? Scary thought.

klein · Dec 3, 2003

I trade for ETG in NY and I can say definitively that ETG is not going bankrupt. People who start these type of rumors should get a life. It is True that some offices are doing better than others , but most traders here are profitable and generate good commissions. As for not knowing your P&L , it would be impossible that any intelligent person that trades with our software doesn't know his P&L for the month. Our system allows you to check your monthly P&L right from the the taskbar on the trading platform.

nuton · Dec 3, 2003

I had many technical difficulties with my computer at ETG, but I was going to ask this week how to check my P&L. It showed the P&L for the day on the positions screen but I never bothered trying to check for total P&L as I was only trading live for 2 weeks and knew it wouldn't be much either way.

Does the office you work for require capital contribution?

Thanks.

klein · Dec 3, 2003

For ETG's proprietary traders there is no capital contribution required. For the retail customers ETG requires a capital contribution.

I Missed Boat · Dec 3, 2003

Quote from i'mlong:

You're right about not all successful people in the financial markets are "mba types" but I think I can safely say that since they are more prepared for it and obviously have better than average smarts that they have a better chance of succeeding. In general, who would you want to run your financial company? a guy who runs your local Dunkin Donuts or a Wharton grad?
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keep in mind that a survey not long ago revealed that 50% of CEOs had no graduate degree.

zdreg · Dec 5, 2003

Quote from klein:

For ETG's proprietary traders there is no capital contribution required. For the retail customers ETG requires a capital contribution.
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doubtful that etg requires a capital contribution for retail customer
retail customer put up money for margin requirements but they don't make capital contributions

sambatrade · Dec 5, 2003

Quote from zdreg:

Quote from klein:

For ETG's proprietary traders there is no capital contribution required. For the retail customers ETG requires a capital contribution. [/QUOTe

doubtful that etg requires a capital contribution for retail customer
retail customer put up money for margin requirements but they don't make capital contributions
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you're arguing semantics,

if you really want to set it straight then prop traders by definition never put up any capital, get a cut of the upside and none of the downside. that's traditionally the way it's been forever until a few years ago.
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realstockaddict · Jan 29, 2004

Does ETG have an office in irvine, CA ? If so are they hiring? Anyone know about this? I spoke over the phone with ETG but they only mentioned the ATL office. They seemed to be really picky about their interview process...

jlcarey1 · Feb 2, 2004

try www.scptrading.com

Spectrum Capital Partners ----- A sub of schonfeld.

I used to work there. They do not require a capital contribution.

grimer11 · Feb 3, 2004

I trade at Spectrum and love it...........it seems to be having some growing pains at the moment, but all in all it is a very good place to be.

grimer11