Bright Slashes Rates for 2010.

Discussion in 'Prop Firms' started by Don Bright, Dec 10, 2009.

  1. We can certainly help with the training etc., you might want to keep your separate futures account however.

    We have several mentoring groups, you'll be able to meet them during our 3 day class coming up in January if you can make it. Feel free to call to discuss any of this: 702.739.1393 (8-10Pacific is a good time).

    Don
     
    #31     Dec 14, 2009
  2. Nope, that's a no-go...in fact waaaay too much "stuff" going on with Regulators and non-broker dealer firms.

    Sorry,

    Don
     
    #32     Dec 14, 2009
  3. We spent a lot of time at our recent Retreat going into detail about many of these obstacles. Sub-pennying (how to counteract), flash trades, etc. We have a trader who is working hard to lobby on behalf of all traders in this regard.

    And, of course we care....if traders don't do well, they go away...if they do well, they stay, and we like our long term traders.

    Don
     
    #33     Dec 14, 2009
  4. Thanks for all the positive emails...and guess what? We're actually making the whole pricing structure better. And, FWIW, I realize that there some groups that may have super-terrific rates out there....but I also know exactly what the rates are for the primary alternatives we all see here on this board.

    Instead of 2 million for .004/.004, you can do it at 1 million.
    Above 2 milliion .003 for shares above 2 milliion.
    Above 5 million Flat .003 for all shares.
    Above 10 million, call me.

    Latest rates:

    www.stocktrading.com/fees2010.html

    Don
     
    #34     Dec 14, 2009

  5. so i guess Bright is not joining the cbsx and inviting non '7' traders to the firm?

    when is the cbsx going to start forcing traders to be licensed?

    i have to admit i am getting tired of these madoff type cronies forcing their fees/tests on us. it's not like the 7 has any benefits other than sucking the blood out of traders.
     
    #35     Dec 14, 2009
  6. We'll see how this pans out. At this point, we cannot get any sort of confirmation that the S7 will not be required. Some other minor issues, but nothing major.

    I do agree that the S7 has nothing to do with trading.

    Don
     
    #36     Dec 14, 2009


  7. fair enough, good luck.
     
    #37     Dec 14, 2009
  8. cstfx

    cstfx

    the series 7 is not that hard a test.
     
    #38     Dec 14, 2009


  9. no one said it was, what's your point?
     
    #39     Dec 14, 2009
  10. My guess would be: his point was that the Series 7 test isn't difficult. But -- I'm a native English-speaker. YMMV.
     
    #40     Dec 14, 2009