Cost of the product isn't the issue. Maybe a few million dollars a year. The cost hiring hundreds of people to use the product and the errors...
I haven't asked. But using Google, this looks like a good bet....
Nobody goes in and out 25k times a day. The largest firms today do about 1M contracts a day. At 25k round turns that would mean using a 20 lot on...
50,000 contracts a day is kind of a strange number. It's not high enough to be getting the lowest fees but it's too high to be just taking the...
Everyone hates it but nobody wants to assume the liability of using something else I've definitely thought about it. The headache is you have...
They, and every other major FCM uses a piece of software called GMI in order to download trades from the exchange. It's a horrible piece of...
I can't tell if you are being sarcastic or if you really have no idea how hard it is. The absolutely, hands down, most impressive things about...
Also lots of energy and ED option trades are over the phone. I'd take a pass on the India question. Not because it's hard but because the...
As Xela says. Funds allocated has no meaning. There are no funds. Just size and risk. Generally, you wouldn't keep any IP. Maybe with the...
Names: Jump, DRW, tower, etc Payout: 5% to 25% Fees: on average. All in about 25c total per side. Including exchange fees. Varies by product....
It's worth looking at. I found a lot of good stuff that way. IB can do it
Ok. I think that's enough for me to go on. There are two main philosophies of what people call a 'prop firm'. They can be distinguished by how...
You need to clarify what you mean by "prop firm". It's like saying you are going to meet with a "medical professional". The term can mean very...
The accredited investor qualifications were written with an individual in mind. ECP definition was written from a firm perspective which manages...
In the US you can't internalize or sell off order flow on futures. Just stocks and forex. They charge 9c per trade (or Dorman charges it and...
I've seen this recently even among the larger brokers. It seems that several people even with several million dollar accounts have gotten shut out...
I think I get it now. "Flat price" doesn't mean no commission. It means flat non-tiered commission. And the "imagine" part speaks for itself....
What I find most confusing is how can they advertise "unlimited trading at a flat price" and "imagine not paying a per-trade commission". I...
I see the same around $1.5 per person. Crazy, I believe Apple is $5m. I'm a bit jealous. Very little trading related sneaks onto this site...
I guess MDP 3.0 would mess with virtu style market making. So maybe slightly longer holding period and more risk. Probably the same...
Separate names with a comma.