to continue to hammer you with questions on this, if we already have an account where we keep our 7,as well as a retail one(i know that is OK), can we still open an account with you guys or is that a breach of the regulations? thanks
Just my 2 cents. I traded with Bright awhile back, and netted 7 figures over a few years. I am not all that familiar with Pair Trading, but, I do know that if you have Bob Bright as a partner....You are incredibly fortunate !
Depends on where your 7 is...some allow for dual regiatration, some don't. We can't in some states, can in others (is the way I recall from Compliance). If you need to speak to my Compliance, PM me and I'll get you phone number. Don
Don, Speaking of dual registration....do you allow your traders to be dually registered with a CBSX firm?
I know, I was about to respond to a number of posts but decided not too bother. There's some people that just want to be negative to find something to bash and can never be objective.
It seems to be too good to be true. Bright is a businessman not an idiot. Although I thought about this knowing that bunch of brights will come on and defend him. What don is trying to do is rake up more fees for his business, more people doing more traders, more money for him. In the process he will dillute the strategy for his old traders doing pairs, I am sure they are pissed off about this. So the old traders go from making 10k to 5k but still making money so they wont leave because there is no good alternative except IB. but thats not even close. BUt bright dosn't care about how his traders do because he makes no money on them. He only makes money on them making fees. Many Trades will keep trading because they are addicted to the gamblig aspect of it. Based on that I think this is a great deal for new and old traders. To steal what bright traders have been reseraching for years. All the other companies do that too. Swift will steal stuff from one branch and give it to other branches. Same with Title and WTS. I am sure if anyone went to trader to bright with some new strategy they never thought about it within 6 months it would be part of their traing course. within 1 year, it would have automated joint venture program. I think this actually happened before, there was a thread on ET about that.