Does anyone out there know anything about Etrade's prop. trading divsion? I am currently working for a prop. firm now and my friend told me about a prop. trading dept. at Etrade in NYC. I never heard about it until now and was thinking about checking it out. Anyone else hear about this?
they took over Momentum trading - do not know what the plans are for the prop division going forward ????
If and/or when we ever have another bull market again, they will be the leader in the industry. What do you think Don?
i am certain that e*trade professional capital base is much higher than any of the other typical prop firms. the question is--- will there be enough public interest in the equity market for them to continue with all the overhead ? the shrine they built for trading on madison in NYC is obviously not inexpensive to maintain, etc. i certainly give them credit for keeping the faith in the day trading phenomena during this time. all the best, surfer
i thought they closed the one on madison a couple weeks ago? could have sworn it was on the nyc local newscast..
surf- they closed that thing. which can only mean that daytrading should get much better soon. http://www.thestreet.com/_yahoo/markets/matthewgoldstein/10080679.html