Why Did Bright Close It's Dallas Office?

if walmart is so successful why did it sell its stores in germany,

logic is not your strong point.

 

How many traders are in each Bright office or would they need to be willing to open an office? What is the low and high range?

 

Where was Bright's old office at? Was it in Highland Park?

 

That seems to still substantiate that in-office traders have an edge. And the argument could be made that sure some offices will do better than others, but it will depend on who's in the office managing it. Like you said, a great training program, an office like GS, MER, etc.

You don't have to go to a GS to get their training program. You simply get one of their traders or a trader who traded there. Is this rare, certainly. But on the same note, you don't have to shoot for an ex-GS trader. You could just put together a good overall staff/manager/group. As you noted, that's what determines the likliness of success.

Just as it has been mentioned, the Vegas office is well regarded because of the caliber of associates there.

Similarly, if you could find the traders elsewhere, I don't see why you wouldn't pursue it and put up an office.

If some prefer remote, that's fine. I'm sure there are still quite a number that would prefer an office. That just means more business for your firm. I would understand if the costs are high in doing it or if there is too much competition, but that's not the case. Thoughts on this?

 

Don,

If you are committed to making traders profitable in that office, they will not choose to go remote. The reason they are going remote is because they don't see the value you are providing them at the office. It's very simple really. And this goes back to my first point. The bottom line is, your guys are not making money in those offices.

BTW, I read that your poker star Jesus Ferguson left Bright Trading. What happened there?

 

Excellent point. You should be managing a prop shop somewhere.

 

I am!

 

Do you have a shop in Dallas? Are you affiliated with Bright?

 

I think it was off of Preston in Dallas. Highland Park commercial space is actually reasonably priced surprisingly.