as usuall a correct assessment and a good point. I wonder though how traders at worldco (especially in this environment) can survive with poor software and fees which are geared towards a retail account as opposed to a prop account by a self clearing group. It dosent make sense to me how worldco can charge what it charges to the vast majority while keeping and holding a split and making the trader put up funds. It seems like a rip off to me.
well, the hits just keep on coming, they axed another 40 today. haven't seen Walter for about 2 weeks now. something's up.
Are they axing people or are traders deciding to leave because they do now want to put up risk money (which is kind of a bait and switch deal they seem to be pulling on traders there). Probably why most people went there is to trade trade true prop in the first place. The reason why I asked because I know a few that left for other reasons recently.