How is the Prop and Sub LLC Industry Doing Post SEC Crackdown?

Discussion in 'Professional Trading' started by aeliodon, Aug 7, 2008.

  1. It probably hasn't affected Bright Trading at all since they only deal with pro (licensed) traders.

    But Assent, Genesis, and Echo sub llcs probably have all been wiped out - so anyone know how much volume they have lost. Most the traders on those platforms were probably unlicensed guys with 5k. I hear a lot of these sub llcs are now organizing as private equity firms? How does that deal work?