Interesting Prop Firm

RobertMcLister · Mar 6, 2003

Thanks for the nice words CR. And thanks to everyone for their comments on EGM's site. Your feedback is valuable and constructive and will be passed along to our marketing folks.

All the best,

Robert McLister
President, EGM

chasinfla · Mar 6, 2003

dss... black boxes are in, right?

Newatthis · Mar 6, 2003

RobertMcLister,
Good luck. Regardless of your firm's value or merit or profitability or even profitunity, the very fact that you are willing to sign onto these boards like Mr. Bright and respond to every whining complaint and rumor is more than the community could ever expect.

felichka · Mar 6, 2003

Man I can not stop laughing, profitunity this is some word.

abctrade2001 · Mar 6, 2003

Quote from ryanmitcho:

Quote from limitdown:

Their website also mentions:

, in order to maximize their profitunity and minimize their risk exposure (by over staying the position into a rebound).

I like to maximize my "profitunity" too!!
More...

I have been on the website. It does not mention "profitunity" (whatever that means) anywhere.

That word was taken from limitdown's post. It was obviously a typo.

Just thought I'd set the record straight.
More...

anacott_steel · Mar 6, 2003

Thanks Robert for your participation. I am sure that you are very busy, and its always good to hear from someone within a company. I believe this type of participation helps all the readers, and establishes a great deal of moderation. Newatthis has the right thinking.....

Best of Luck

RobertMcLister · Mar 6, 2003

Quote from limitdown:

They mention DSS (decision support software). Wonder what they really mean by that.

Under their xts Filter description it mentions a lot of words, but to those who understand complex database theorum the net sum of that description has both extremes defined. Either it is radically new and different with substantial potential to capture "patterns", or its the sales dressing in fancy words without significant substance.

They mention "hypothetical" in their examples highlighted in yellow. Those expectations basically suggest a repetitive continuation of a similar event over and over. These markets have been nothing less than repetitive. One can't even count on shorting through bullets to work with these sell offs.

Projected expectations, after substantial Congressional studies were conducted are what produced the catastrophic collapse of 1987 with Portfolio Insurance (hedging with futures against long stock portfolios) failed those sold on its miracle cure to portfolio losses.

The section on ProKeys seems quite fascinating. I recall that Bloomberg partnered with Merrill Lynch in his early days to provide a similar radical approach to Bond data dissemination. He's a multi-billionaire today.
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Limit,

Decision support software (DSS) can consist of various unique trading applications. In EGM's case DSS relates primarily to equity filters, which screen data in real-time to locate trading opportunities based on pre-defined criteria.

Yes. The description of XTS does contain a "lot of words" and XTS can in fact locate numerous technical, fundamental, and even news-based data patterns that other software cannot. I'll be able to go into that more once EGM is an official ET sponsor and once XTS is commercially available (it is presently made available to a select number of traders in beta).

The hypothetical illustrations you reference are intended to demonstrate how technology (not necessarily just EGM's) can benefit certain traders over the course of time (one year). You are absolutely correct in that some days the benefit will be greater or less than others.

I appreciate your comments.

All the best,

Robert McLister

RobertMcLister · Mar 6, 2003

Quote from chasinfla:

dss... black boxes are in, right?
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Bigtime...

It seems that more and more, traders at prop firms are implementing undisclosed (black box) and open-source (white box) systems to fully automate various strategies. Among the more popular automated strategies are opening-only techniques, pairs-trading, risk arb, enveloping, and "market-making" style trading. Mind you, automation alone doesn't make you money.

Robert

limitdown · Mar 6, 2003

Quote from RobertMcLister:

Limit,

Decision support software (DSS) can consist of various unique trading applications. In EGM's case DSS relates primarily to equity filters, which screen data in real-time to locate trading opportunities based on pre-defined criteria.

Yes. The description of XTS does contain a "lot of words" and XTS can in fact locate numerous technical, fundamental, and even news-based data patterns that other software cannot. I'll be able to go into that more once EGM is an official ET sponsor and once XTS is commercially available (it is presently made available to a select number of traders in beta).

The hypothetical illustrations you reference are intended to demonstrate how technology (not necessarily just EGM's) can benefit certain traders over the course of time (one year). You are absolutely correct in that some days the benefit will be greater or less than others.

I appreciate your comments.

All the best,

Robert McLister
More...

Good show Rob, good show!

might I suggest your explanation instead of the other wording...

limitdown · Mar 6, 2003

Quote from abctrade2001:

I have been on the website. It does not mention "profitunity" (whatever that means) anywhere.

That word was taken from limitdown's post. It was obviously a typo.

Just thought I'd set the record straight.
More...

yeah, some word, huh?

actually I heard it in one of those slick software presentation classes held at one of those "ever so many" Investor show.

It means something like: "profitable trading opportunity".