Good answer. I spent 6 years clearing through a firm on Broadway... And in 2005... it was still 1995 at this firm. Out-dated firms can NEVER catch up... Because you they have too many Legacy Systems = Millstones... And Legacy People = Bigger Millstones. You can only build a leading-edge firm from scratch... You cannot "evolve" it. I'm afraid for poor Al Cashen... That CNBC guy standing on the NYSE floor with the ** pencil and note pad **... And, I'm sure, a mickey in his pocket... That his days are numbered. But there is a BETTER answer.
been telling you guys for years that the boxes are tearing you scalpers a new shiny an*s. making pure scalping near impossible, you have to do some kind of swing, even if its very short term. used to be able to trade off signals , now the signal and the good price come and go at the same time. How you gonna beat that?
He doesn't need to make that much on each ticker given that a computer can trade several hundred tickers at a time whereas we humans can do only a few (best case scenario).