Your thoughts Mr. Maverick

Discussion in 'Prop Firms' started by Don Bright, Oct 4, 2010.

  1. Ok, I have seen this. It does not explicitly state 90/10. Just that a profit split should be documented.

    I don't think 90/10 is the standard. Some places higher, some lower.
     
    #51     Dec 6, 2010
  2. CQNC

    CQNC

    Yes, they are, like Questrade, prettiest web site I've ever seen, but not much behind the makeup.

    No business in Canada is not tied to the five major Canadian banks, no way, no how, indirectly or directly, there are personal guarantees signed over by the principals for the underlying liabilities of the firm, including the prime broker doing the execution, margin, clearing, compliance, all of it.

    So it's virtually the same as in the USA, the issue here is cross-border trading, the physical location of the trader is mostly irrelevant.
     
    #52     Dec 6, 2010
  3. What is the latest with the profit split? Any new info on a series 7 like exam for CBOE firms?
     
    #53     Dec 20, 2010