Etrade's Prop. trading dept.

They closed a RETAIL (schwab-type) office -- not a Prop office

 

They had prop traders at the madison ave office.

 

They were liquidity traders housed in the basement level.

 

they didn't seem to have their act together, however they are freindly. my bud seems to like it.

 

Don't liquidity traders trade the prop account? I don't know any who trade with customer accounts.

 

These liquidity traders did not need to be licensed to trade. All that was asked for was a $5,000 deposit to the cap a/c.

 

Actually they did close it.