lol...not sure where you fellas got the impression that i am touchy about the subject....i just said stop calling it arbitrage.....because it aint arbitrage so why call it that? just because i was correcting you does not mean im touchy about the subject.....just means you're wrong and im correcting you. SO STOP F*&^*^*&*&G CALLING IT ARBITRAGE!!!!
this is one of the few statements you have made that i 100% agree with you on......id love to have MNX's ability to innovate the way he does! lol...id really like to know what he did to pipeline to cause all the commotion!
How about smoking out their apparant secret block orders and making a mockery of the system by taking thousands of dollars from moronic institutions... haha.
Swift is a great place to learn the mechanics of trading and then move elsewhere. The more profitable branches have a smoothed average of 15K a day total gross mostly on the backs of a handful of traders, 90% of the traders in any swift location don't make much. Out of that Beck gets a 30% cut, the trader gets 35% and the Branch franchisee gets 35%. There are exceptionally few Swift traders who are net positive doing rebate trading, most of the big numbers are done by the Millenium guys. If you eliminate the 4 or 5 traders that pull in the millenium dollars, the average profitable swift trader makes about $300 a day out of which he gets to take home a whooping 35% or $105 a day. Swifts new strategy is to hire a bunch of young kids every other month and hope they get one kid who will be able to make money following their stringent risk rules. Most of these kids will leave within 6 months of getting hired, I think 1 out of 80 kids eventually make it and stick around.
Did MNX really start it, I heard some guy from the ottawa branch is the one who first figured it out, either way nice job just to let you know you guys caused some headaches around here for my bosses.