these guys are new entries in the daytrading world. i'd say they will survive because they seem to be well-capitalized, but it's not clear to me what they do if anything that's different from genesis, assent, or a couple other BDs. well, they claim to be market makers but, unless you are a programmer working on that part of their business, i doubt you'd ever know it. the NY office is run by a guy named m. gold (leaving out his full first name), who i met once and did not get a good impression from at all. he was trading oil at the time and didn't seem to have an edge of any kind. he's also only been trading a few years and he was fairly rude and completely unprofessional - and this is the guy who's running their whole NY operation!! actually, i didn't get a good impression from the guys in LA i spoke with either. they have a big emphasis on math but then again daytrading firms have been using that trick for years. i think they basically recruit people for general use and then decide whether to put them permanently in operations, programming, or trading. if you have good quantitative/programming abilities you can probably find something much better than EWT though. they do have a training program and i don't think they'll let people join by putting up their own capital like most firms. that's good sign but then again there are a lot of firms that only have programs and most of the traders still fail at all of them (that i know about) because the programs are basically useless. like i said, they do this weird general recruiting so you'll spend a lot of time doing stuff other than trading even if that's the only thing which interests you.