Trouble at Refco

Discussion in 'Prop Firms' started by andyp123, Jul 20, 2005.

  1. andyp123


    Is anyone else disheartened by Refco and their new system Refco Pro.

    This company is totally mis managed and it really seems like they don't actually care.

    I have been trading there for 6 years. Macfutures then Refco.
    How I wish I could go back to the days when it was more personal and down to earth. When the people actually cared.

    I think its time for me to pack my bags
  2. FredBloggs

    FredBloggs Guest

    whats wrong? missed your target? is that refcos issue or yours?
  3. I heard they dont care anymore too.
  4. andyp123


    Well that depends

    If its my fault that I have to trade on Refco Pro ok
    If its my fault that the system crashes 3 times over Greenspan today then ok
    If its my fault that they did not prepare at all for the eventual shut down of TT and the start up of Refco Pro then ok

    However its not my fault. I pay desk rent and high round turns for a service, that at the moment is crap.
  5. FredBloggs

    FredBloggs Guest


    this includes the platform you trade on.

    not all risks are obvious.

    learn & move on.
  6. Clearing trades is a very profitable business and is nearly riskless compared to trading. Many firms will have their hand raised to be picked to clear your business (assuming you're trading is something more than an occasional hobby). If you don't switch it's your own fault.

    I once had a broker call me 50 times to clear my trades. Switch. Better yet become a broker. How do you think they become multi-millionaires without providing service? Because it's low-hanging fruit. Switch.
  7. andyp123


    Lots of others are about to make the move too.

    This is a good opportunity for another company to steal Refco's Traders.

    Me being on the front cover of trader monthly in November also helps me sway opinions.
  8. If your manager finds out you will probbaly get fired. :(

    Not that it matters anymore.
  9. 7swfc


    who are you mr andyp123? i've seemed to have misplaced my trader monthly? are you that guy on the motorcycle with a girl behind you?
  10. domi93


    Andy priston 27 year old trader
    who made 10-15 milliones in 2003 (trader monthly november 2004)

    he's in the november 2004 front page
    #10     Jul 20, 2005