Generic Trading?

Discussion in 'Prop Firms' started by traderprospect, Jan 11, 2002.

  1. Does anybody know anything about Generic Trading up in Woburn, Mass? Are they a good trading firm? Any information you could provide would be great...Thanks.
  2. trader
    i believe generic is a division of andover trading. i have no persoanl exp w/ them, but try doing a search on this site for more info

    andover website is :
    but there's not much info on Generic on it
  3. Generic trading is not Andover. Generic is now I was looking for trading companies on internet and noticed that some of them changed their names.
    In different states affiliates of big company exist under different names.
  4. Ron Scheer runs Generic trading, and their retail wing "Carlin Equities" - Generic is one of the old line groups, been around a while.
  5. Do they have a site ? I mean Generic. Could not find any.
  6. felichka,

    As Don had mentioned Ron Shear runs Genaric Trading, L.L.C. and The Carlin Group(for customer accounts). Their web
    site is at . Ron was a specialist in XMI
    (Major Market Index), when I traded on the AMEX in the 80's .
    Check out their website. They clear through Spear,Leeds & Kellogg like Bright & LWS. Don Bright , hope you had a good new
    year and market conditions will improve in 2002!

    Gene Weissman
    Lieber & Weissman Sec., L.L.C.
  7. Thank you.
  8. Tell me please if you know.
    When the trading company let's say Main Trading LLC has two subsidiaries Sub Main A and Sub Main B. Suppose Sub Main A due to the poor risk management looses all the money. Is it possible that that Sub Main A goes chapter 11 and the Main Trading LLC is not liable for the losses ? What kind of structure is this when under the wing of Main LLC there are affiliates LLC under different names ? Does it mean those affiliates have even more limited liability ?

    Sorry if the question is primitive.
  10. No problem. I'd love to get together with you in NYC when you
    are here.

    Gene Weissman
    Lieber & Weissman Sec., L.L.C.
    #10     Jan 13, 2002