Discussion in 'Prop Firms' started by proppytrader, Mar 2, 2018.
What's the story with a big loss? Anyone trade there and get their capital dinged?
Heard someone was long too much XIV or similar in the vol blowup. Sounds like they survived as a firm, not sure about cutbacks.
zdreg, there's no link, just word on the street. I was hoping someone would know more than the rumors I'd heard of 70%+ capital haircuts, but I guess we can pull their FOCUS report when it gets filed . They had 33 mill in capital on the last one.
It's about now they are wishing they'd paid me the $1 million/ per year I'm asking to be risk manager at a prop firm.
It takes a lot of knowledge to understand the risk some people are taking. It's not always apparent.
(People who can't trade manage risk for those who can)
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