Schonfeld Is Closing

javs5150 · Jun 19, 2003

So is Schonfeld closing or not?

indahook · Jun 19, 2003

Quote from dnaj65000:

Yes, good definition but "Prop" in a trading context is short for proprietary firm. A prop firm is a daytrading company that supplies you with the firm's money for you to trade with. Some ask for a deposit of $10000 or $25000 to cushion them from risk of you losing money. For that margin that you put up, you are then allowed access to the firm's money to trade with. It could be up to $1 million or more depending on which firm.

DNAJ65000
More...

Isnt that the definition of secured prop?

Log in or Sign up

Schonfeld Is Closing

javs5150

indahook