Discussion in 'Prop Firms' started by Omartrading, Aug 5, 2002.
They still don't have true listed quotes and executions.
So does anyone truly have the goods on this whole thing. Is there anyone out there who can give a well constructed summary of what has happened to all these players and how they are related to each other now (if at all)? Thanks.
thanks for the update guys
Thanks for the links C-Trader.
they used a yahoo address as a contact - very professional!
They forgot to mention a few things
1) They fired Omar Amanat because he was trading the company capital and lost a bunch when he was piggy backing the top trader at Tradescape.com. The big loss was put into the so-called Error account
2) 80% of MKXT volume was generate internally
3) One of the biggest prop groups there ran by a gentleman named Jared left and went to andover. Lost a lot of volume
4) The biggest prop group there now, Runned by Mark is losing guys as we speak
Again, the whole industry is getting killed and these are some facts that Etrade Professional don't want you to know.
They are still a big firm and the software (LSPD) is still fine but don't fall for the hype. Softbank owns part of TS and Etrade so I'm sure something was worked out behind closed doors.
but then again, they're no better than Hold Brothers or Andover.
Softbank dumped their interest in Tradescape.
I just lost alot of respect for Omar ... he was always a smooth operator and talker for TRADESCAPE
<They fired Omar Amanat because he was trading the company capital and lost a bunch when he was piggy backing the top trader at Tradescape.com. The big loss was put into the so-called Error account>
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