The Real Cost of being a Proprietary Equity Trader

Discussion in 'Prop Firms' started by limitdown, Sep 30, 2005.

  1. nitro

    nitro

    I believe that exchange rules require each person to pay, regardless of how many can share the network connection.

    In fact, I think the letter of the law is that you can't even write a program and distribute the data to yourself on other machines on the network!

    nitro
     
    #91     Apr 12, 2006
  2. artis74

    artis74

    Not true when the data feed is from CQG, Esignal ect.. Just split the feed at the PC level and there is no way to know how many are using it.
     
    #92     Apr 12, 2006
  3. r-in

    r-in

    How do you split the feed? Whenever I did I would get bounced off the other.
     
    #93     Apr 12, 2006
  4. artis74

    artis74

    have the main feed go into a common pc and then split the feed coming out of the pc to multiple screens. very easy to do, CQG help desk can walk you through it.
     
    #94     Apr 12, 2006
  5. And.....some people steal cable, cars, and cheat on their taxes...come on...you don't adovocate all that do you?

    Find the best way to cut costs legally and fairly, you'll find your luck and skills improve greatly.

    Don
     
    #95     Apr 12, 2006
  6. You're right, I think the major data vendors probably have thought about "cable splitting" and have safeguards...if they didn't, I would worry about their level of competence, LOL...

    Don
     
    #96     Apr 12, 2006
  7. Great post, right on. You must be doing your taxes soon :D
     
    #97     Apr 12, 2006
  8. nitro

    nitro

    Read what I posted more carefully

    nitro
     
    #98     Apr 12, 2006
  9. nbates

    nbates

    yes, i agree nitro...but not many read the click-thru exchange agreements they sign
     
    #99     Apr 13, 2006
  10. If the average is 2 cents, then your number of winning trades to lossing trades ratio is very small. Am I right?

    I would think a momentum trading style ( I assume you r using based on your messages ) usually gives a # of win/loss trade ratio above 50%.
     
    #100     Apr 13, 2006