ok, you are right. but, is Merrill Pro an official name that the firm is called by? Signs in offices, webpage, etc? I have a hard time believing that Merrill would allow it..
no i don't believe mer is in the business. i think its echo who was owned by pax who mer bought right. as for etrade having a strong retail i don't know about that. out of the 45 or so guys affilated with the etrade office i was out of he told me last week iw as the only retail guy. truth is after bring int hs game along time and reading these boards for a year or so i think 90% or more traders are funded or trade prop
A regular trader can not get on to the ML prop desk- that is a job with a salary and million dollar bonuses. Echo is not owned by ML, the PAX-ML deal has not been consummated yet, and PAX does not guarantee Echo. There are firms that clear ML, use ML systems, space and resources.
Bad timing on that prediction, huh? lol http://biz.yahoo.com/ap/050509/online_brokers.html?.v=4 Looks like they waited about 18 minutes after your post to make the announcement. -Eric P.S. Congrats to Cdntrader, who nailed this one on Friday afternoon on this thread.
One thing about ET is that intermingled with the pikers, posers and frauds are a few for-real guys making prophetic calls here and there. Its just a matter of figuring out who. Nice one. Scott
It was a great envirnment to trade in while it lasted. I will miss it Almost everyone has cleared out today.