Petterfy says the bitch at Reuters misrepresented his comments

I thought it quite odd that Reuters came out with some story saying IB's CEO was effectively 'pre warning'. This was about 10 days ago.


Seems it was just some C#$t trying to jack the price down , probably for her hedge fund friends.

PS He didn't say bitch, that is my judgement

 

PS, this was taken from the earnings CC tonight

 

Petterfy should fold, if 95% of traders lose his clients should all be nearly broke by now....

 

The broker always make money.

However, the IB client base is net profitable according to Peterfly. The smaller % of winners make more than all the losers combined.

 

I never heard him say that , but it's certainly possible, and likely.

 

Not today, he has said it in the past.

 

No, I understood what you meant.

Interesting CC as usual. Most CC's are boring as hell, but IB's are usually a good listen, especially the q&a

 

The guys that have Tradestation said something similar but they didn't break it out in winners and losers, just that overall clients were profitable to the tune of 15% annually or something like that... it was in one of the quarterly reports right after they went from software developers to brokers...

 

Where's that Reuters idiot now?