you're all blowing smoke for no reason. when the SEC changes the % amount, the CBSX will enforce it and you will find out prior. trust me, nobody does everything by the book 100% and the regulators know exactly what is going on. they're letting everybody slide for now. Spend your time finding good trades instead of this regulatory bullshit everyone always fights over. is it really that big of a deal? you're telling me tomorrow FINRA is gonna send in the SEC police because nobody enforced the 90/10 split? here's a crazy idea, worry about profitable trading instead. call your compliance officer if you have any questions. 90% of 0 is 0. 99% of 0 is still 0. gold is going to $2000 and you guys are arguing over what percent payout is best. Everybody wants the highest possible payout. When the rules change, the whole board will know.
more of a debate only presenting the facts better then making stuff up which happens to be the norm on here i will take my 99% & other's can worry about if it's legit the entire industry is all smoke & mirrors like it or not you have to go with the flow to keep your sanity
Sorry to bump this back up, I'm curious about this firm. Has anyone traded out of their office in Chicago? If so how big is there office, do they charge a desk fee? I have looked through a bunch of reviews about CTG and haven't seen much negative comments about them, does this still hold up for people trading with them? I requested information and was a little concerned with their paperwork compared to other firms paperwork I have seen, the other firms very extensive compared to CTG. Would anyone that trades with them currently let me PM them some further questions about their experiences?
check out this cheat sheet that has some good material on it about the 56: http://capitaltradersgroup.com/website/wp-content/uploads/2011/12/Series-56-Study-Guide.pdf
Thanks. I already have my 56 as I'm current with a CBSX BD just shopping for other deals, and looking for information about these guys and how they are structured. So is CTG their own BD or are they a subset in WTS? Is WTS a US BD or Canadian BD? What is JC's affiliation with CTG and/or WTS?
JC Trading Group and CTG are both affiliates of WTS. JC Trading Group operates a Detroit and Chicago WTS trading floor as well as having numerous remote traders like myself. I was recently in Chicago and stopped by the trading floor for their open house. It is a beautiful, state of the art trading floor. I haven't been to many trading floors but this one was very nice! If you are a trader in Chicago you should definitely check it out. CTG puts Chicago, Detroit, LA, Boston, etc. on their website as branches but these are really just other affiliates branches that they will "refer you to". Before joining JC I also talked to CTG. Nothing negative to say about them at all....I just felt more comfortable with JC. Do a search here on Elitetrader and you will find only positive posts going all the way back to 2007. CTG just popped up a year ago. Again, nothing bad about Capital, just felt better about being with more established guys like JC Trading Group.
Gotcha, thanks that's what I thought. I'd be interested in seeing their trading floor, maybe I'll check it out.
JC has been around for about 10 years and has a great reputation. As far as CTG, they've been around for a while too. I traded with them back in 2008 when they were based out of long island - http://capitaltradersgroup.com/website/capital-traders-group-syosset/
EvOTraderV2, I assume you are the same as "EvOTrAdEr"? I recall commenting that I really enjoyed reading your posts in a different thread?