It sounds like the line is becoming more blurry between retail and prop (really kind of a fake prop). One thing is that a lot of time the sub-LLC do not lock your money up making it so you can not withdraw funds for several months if you want to leave. I think the LLC whether company wide or office specific is only as good and safe as its risk management. On the topic of Echo it sounds like they need to focus more on keeping and pleasing their existing traders because from what I have heard there seems to be a mass exodus since their merger with Van Buren. That goes beyond the ex-echo traders that frequent this board. Yes many people leave for better rates, but there are also technology issues to consider, management issues, and sometimes company stability (not saying this is the case with them). However at this point in the game most traders I know don't want to spend their money (losing money because of technology) and time waiting for a firm to catch up to their competitors.
Who the hell needs the aggravation of studying for two more tests? There's several firms out there with great rates and technology that don't require a 55 and 63. And thanks for the knock on my ambition Lord Doofus.
You prop firm owners/managers in this forum under your own name (or aliases) are making me sick. By the way, implying that a sub-LLC (or any other firm for that matter) is likely to go bust IS BASHING. You put in ANY firms name and talk about going bust in the same post, I'll bet that you are a another prop firm employee looking to steal some business. There seems to be a growing divide between those who actually make their money TRADING, as opposed to those prop firm employees who make money off the commission markup. Save your bashing for your monthly staff meetings please!
I totally agree. This site is only for entertainment purposes only and has no value to a trader. The time it take to abstract any useful information, you have to wade through the Bryan Roberts and crew. I only commented in this discussion because it was labled "Lynx Capital Partners" and I thought I could answer some questions. I did not start the discussion. Instead, I am attacked because I trade there? Where did I attack any other firm? Goodbye and goodnight fellow traders, and to the Bryan Roberts of the discussions, good luck making fools of yourselves, no wonder your firm is losing its traders.
sorry...i didn't know asking legitimate questions was not appropriate on a trading board.... at least i wasn't on here last saturday night drunk, bashing people with disgusting profanity. but "LORD BYRON" wouldn't know anything about his boys' antics because they got the post removed!!!!!!!!!!!!! but i guess some people are attracted to that type of enviornment.
This site is not for entertainment purposes only. While it does provide entertainment to some, ie., those who cannot resist the urge to bash, ridicule, berate, be profane, or otherwise never offer original thought or commentary worthy of reading in places other than the wall of a public restroom, the primary goal is to provide a forum for the discussion of trading and trading ideas. Not to say that I haven't read some very funny and thought- provoking commentary in the public restroom before. If someone posts something that offends you, disregard it. What have you lost for doing so? Posting vulgarity and disparagement is not only wrong, but makes this site less inviting for many who might otherwise share an idea that is worth reading.
I agree, "BRYAN ROBERTS" makes my point in his last post. His idea of a good time is to create problems.
maybe you misread my statement LB, but your boys are the ones that pushed the envelope last saturday night spewing the f word and mf amongst other profanities directed at one member. so spare me your condemnation. sorry if my legitimate questions offend you but this is still an open forum.
I'm not even sure what the discussion is about here, this time....(I know, what else is new?)....but just to clarify, we were "told" to form an LLC by the Regulators, and it's not a "Sub LLC" as most of the others are. This happened when we grew to a certain business size. We gladly show our balance sheets to everyone. Things change quickly in this industry, and we do our very best to stay ahead of the curve and to maintain full disclosure. Anyway, back to work... Don