Experienced trader looking for new prop firm

interesting ScottSam....
you are averaging about 500k shares per day then ?
So if you are trading 5k lots on the average, that's 100 round turns per day.
That's gotta be automated, right ?
So your fee/commish is about $10k per day ?

 

Lots of these guys sit on the bid/ask with size using specialized routes.

Its a form of rebate trading using a route that allows fill priority.

 

Can u share with us an examples(names) of these routes ?

 

for bright, the commission would be a lot higher

 

It's in the OP. "firm with dark routes such as dpass, ubspass, nite, and db9 the more the better"

 

i think you may be one decimal off, my guess is he pays appx $1,000 per day.

 

Echo pays 100%, best firm bar none, you get K-1 and they sell no training thus no conflict of interest issues. Bright will be second on my list solid firm, lots of liquidity also issues K-1.

 

There are CBSX firms that give traders K-1.

 

Your statement implies that one doesn't get a K-1 with a CBSX firm? That doesn't sound right....

In any case I think it would be wise for Echo to start taking S56 traders. I'm surprised they haven't done so...

 

Exactly... I trade with a firm that does.