don by the way nice car . good luck with it can't wait for the free stuff your offering we all can learn from others , sharing is caring & your ok in my book
We have several strategies, and our commish is right in line with the top firms. To prove this, I called Echo and Generic in the last month. The average, for a serious trader is about 35 cents, with full ECN rebates back to the trader. And, You know that is where the real pricing is, right? 50 max., 25 for over 1000 shares. Drop to 40/25 at 500k shares; Don Well you named only 3 prop firms in this biz . right in line . not really There are many others you never really talk about generic is way out in left field on being competitive with anyone in the prop space You guys are not as competitive as most of the other prop firms on the street The other 95 % offer usually better commissions . some traders don't neg or know any better so their loss in not doing any dd
Not what I'm hearing or seeing from applicants. All things considered, I'm still sure we're still very competitive. Can't count the Canadian rebate firms, of course, and since we've been with the same Clearing Firm since 1978, can't imagine better pricing. We do have overhead, and I would worry about any firm that doesn't take that into consideration. Thanks Hit, Don
most traders may disagree with your biased view about your commissions being in line then again what about remote traders they pay the same as all your other traders right ? we are all big boys & everyone chooses what works for them some of us traders that pay much less will disagree with your view , no big deal rather pay 2.00 instead of 4.00 any day of the week in commissions , all i need is quality execution I call that smart trading
Yes, most of our traders are remote, and pay the same low rates. Thanks for pointing that out. 95% remote these days, saves a bundle in brick and mortar expense. Don
don. curious i never asked you How many full time traders that show up daily to trade in your las vegas office ?
Not many. Most trade remote, as with 95% of our traders. We have switched to our own Family trading account primarily (Bright Investments), leaving the Bright Trading, LLC as remote... a couple of reasons for doing so. We do have a constant stream of visiting traders, as you can imagine..."Vegas Baby" LOL. Nice way to write off a vacation I'm told. Don
probably not many traders living in vegas anyway & the time zone is a killer I know nyc has multiple prop offices with a good amount of traders in them