etrade professional to be sold

Discussion in 'Prop Firms' started by joeyata1, Dec 14, 2005.

  1. news after the close. hell all knew that i be they only had 100 traders left out of 500 alst year. lightspeed is a good platform and i'm sure somebody will buy it
  2. Someone will, but its an antiquated platform now: they have not released a new version in over 3 years.
  3. its the guys running it now who took it over.Im sure they are looking to flip it fast.
  4. E*TRADE bought Momentum Securities in Houston when it had 120 direct access traders on the floor. Pretty bad timing....within 6 months they were down to under 25 and now they have 5. If this is any indication of how they did with the rest of the country, it's no wonder they are selling!
  5. now i know why they were trying so hard to cut me a deal
  6. for what reasons?
  7. really? Selling it off? Is there an article on this?