Discussion in 'Prop Firms' started by traderjimbo, Jan 29, 2003.

  1. I was interested in hearing what kinds of deals people have heard Generic is offering -- capital down vs. no capital down and things like like payout(monthly and year-end), commission and bullets ?? thanks
  2. Also, does anyone know anything about their scalping platform - lava ??
  3. speedy


    Lava is not the best for scalping but is extremely stable.
  4. Don't know the Generic deals, but I know lava. Watcher and Hammer are both better. It's ok, but inferior to either of those two platforms, IMO.

    Lava is installed on a lot of institutional desks, not their own technology.
  5. jorges


    I had looked at it and used it and honestly I was not that impressed. Definetly not for scalping.
  6. nitro


    Is Generic a professional or proprietary firm?

  7. jtao00

    jtao00 Guest

    hi nitro,

    i'm sorry but can you be more specific? we open retail accounts for those who do not wish to be licensed and we also have licensed traders who put up their own equity and we also back novice traders. the deals accompanying the different accounts will be adjusted accordingly.
  8. nitro


    Professional Firms = Bright, Echo, etc, i.e., you put up your own money and payout is 100%

    Proprietary Firms = Worldco, ETG, Shoenfeld, i.e., they put up the money, you get a percentage

    Retail = Interactive Brokers, etc, e.g., SIPC protection, your own money, 100% payout.

    Obviously, there are some that do 2 of the 3 above. AFAIK, there isn't a firm that can do all three.

  9. to be competive with the remaining firms out there

    as far as commissions and all fees go ?

  10. cartm


    Nitro, I think Green tree is making advances in doing all 3. I think this niche of the market will evolve rapidly in the coming months, years. Just a fyi.
    #10     Feb 1, 2003