Not really in NYC, we were on 120 Broadway for 10 years, but when GS left the building...so did we. Most of our growth the last few years has been with remote trading...and, since everyone is connected to the "Mother ship" . mentor, manager, team, me, etc. every second of every day...the cyber office situation has made the best of both worlds. All traders are welcome to start an affiliate location...sort of a "free franchise"....which has really been taken advantage of by some top traders. That being said.... Boston, Miami, Detroit, Chicago, Austin, Irvine, Arcadia, Las Vegas of course, Langley and Vancouver BC. Phoenix.. and probably a couple I can't think of right now since I'm sitting in a hotel room in Tempe AZ getting ready for a get together, LOL. Most are affiliates, not corporate offices. All the best, Don
We have several "flavors" of pairs trading at work.... from pure manual, gray box to black box. I prefer to see a well designed and monitored "dark gray) box, LOL. Don
i am surprised that both Echo and Bright are more backwards than IB. I don't believe IB charges for "illegal shorts" (somebody plz correct me on that). I assume IB has an algorithm to mark the orders properly automatically.
CBSX vs. FINRA: Don, perhaps you can clarify some of the inconsistencies I've been reading/hearing regarding CBSX firms vs. FINRA, thanks. Inconsistency 1: Capital contributions are SIPC insured? Some CBSX firms say "no." FINRA firms such as Bright use SIPC? Inconsistency 2: CBSX firms require 1-year lock-up on funds, true for FINRA such as Bright? Some say yes, some say no. Inconsistency 3: LLC's sending K-1's to their traders can only payout 99% max, Bright pays out 100%, yet others say "100% payout is a myth", which is correct? Inconsistency 4: Even if you're U-4 cleared, and trade with a CBSX, you still need series 7 if you go and trade for Bright (and Echo), yes or no? These are the current debates among the various posts I've been through, hope you can answer, thanks again...