I've got to give you credit, Don. You are smooth. Bob may be a great trader (from what I've heard), but when it comes to marketing, you're no smuck, yourself. -Eric
I agree about my brother, I'm the first to admit that my personal trading pales to his expertise. As far as marketing. Naysayers won't believe it, my friends know it's true, and most Bright traders are just happy to be here...but, if you believe in what you're doing, and speak truthfully without "talking down" or anything stupid like that..."marketing" as you call it is pretty simple. I enjoy writing in the magazine(s), I enjoy teaching, and (for the most part, LOL), I enjoy the various "web communities" I belong to. I answer hundreds of phone calls per week, from the binine to the bizarre, and do my best to share information. All the best, Don
Some of the programmer types have some pretty serious charting. I'm not sure which languages they used. I'm pretty happy with the Excel Redi Add-ins myself. I'll admit that I'm not a big chart guy, but for my spoo charts, prem and disc, etc. they work well. Don
Don, Forgive my ignorance here, but when you say it is a pass thru for you does that mean there is no additional charge for the data coming through Redi? Or would I still be paying the professional rates to the equity exchanges for the data?
Nowhere in this maze of run on sentences did you state your trading period with Bright - a criteria the OP put forth. Perhaps you're a disgruntled ex trader, but i could go around slinging mud at every other firm out there for no constructive purpose.
This has not been my experience at all. In fact I can carry hedged positions overnight 12x my risk capital with just a couple % net annual intetest expense. I goes up a little incrementally from there. I do not know many Bright traders that trade "directional" in fact stat. arb. or "pairs" trading is the main strategy suggested. You obviously have formed a strong opinion, but from your statements it sounds like your opinion is based on assumpions not facts.
Just a comment. I'm doing my best to respond to all the phone calls and emails. From what I'm hearing, especially from the "sub-llc" guys who now have no to place to trade, that our rates are as much as half what they're paying where they are (remember, all shares above 1,000 are .004). I'm doing my best to get back to everyone, and I have my Compliance Officer working overtime to process paperwork. You guys that are already licensed, but need the extra buying power (since I guess some major changes have taken place), keep in mind that we don't do a simple 20 to one, or 50 to one, or any finite number, we go by "what" it is that you're doing. Openings, for example, you might use $2-$4Million. Intraday generally no problems. Overnights we slow you down at about 30 to one. So, when you call, please help me out by giving me an idea of what you're looking for, and if what you're doing now has been working really well. Those that have been struggling a bit, we have several routes to help you as well. We believe in interaction with our traders, mentoring, and all the rest. (Now, back ot returning phone calls...I try to give the ET'ers priority). All the best, Don