My group of traders is looking to switch firms. We trade News and the current firm i work at cant handle to buying power needed to trade the SPY each day. What are the good firms out there with good payouts for experenced traders? My group does about 5 million shares a day. Mostly trading news. Looking around Lower NYC or Jersey city
yeah, my group does a big amount of shares, the problem is we can take 80 million dollars of the SPY at one time on a big marco story. But other then that, there really is not a circumstance where we come close to firm buying power. I hear the SEC is cracking down on the margin with prob firms, so we have been cut down recently. We have all been trading since 1999-2001