To start with, the person who started this thread doesn't seem to know that much about the Prop business, and should know that at Assent any money...
I would guess that rule is part of the Anti-Money Laundering Laws put in place after 9/11. If it is part of that then no U.S. Broker can do what...
No LLC can receive overrides unless the LLC itself is a BD. But a person can if they are registered with a BD.
Not true. You don't have to be a registered BD to receive commission overrides. You need to be a registered representative of a BD to receive...
The training fee which everyone must pay is basically your deposit to protect them against your losses, however unlike a deposit you don't get...
I don't think you understand what an overide is. What you are suggesting wouldn't fix the problem.
Proprietary traders no longer need it. http://www.nasdaqtrader.com/TraderNews.aspx?id=ra2007-111
I think most BD's software today have the feature for risk management purposes for Prop desks or Hedgefunds who have multiple accounts traded by...
To set up your own legit Prop Firm you will need a minimum of $1.5 million to get it started. Unless you have that much sitting in your bank...
During overnight moves and in very fast moving or illiquid markets risk systems won't always work. Years ago I had an Ameritrade account and was...
The rate only drops to .004 for shares above 1,000 shares. So an order for 1,500 would be charge .01 on the first 1,000 shares of the order...
You aren't using enough imagination here. But I am not loking to get into an argument about it. Just saying if a fund didn't take deposits from...
Commission-recapture arrangements do not pose the same potential for conflicts of interest because the rebated commissions directly benefit, and...
A hedge fund manager can make an "override" on his hedge funds trading. It is called commission recapturing. He has an agreement with his Prime...
http://whatsmyip.org/
You absolutely need the series 7 for a PHLX firm, you don't need the 55 at any firm any longer, but you may also need the series 63, it is for the...
Chief, it is over, accept it. Get your series 7 or go retail.
You still disagree with my prediction? http://www.elitetrader.com/vb/showthread.php?s=&threadid=121818&perpage=6&pagenumber=2
Pay Barron $500 and you can advertise on elitetrader.
You can go to your local UPS Store, they do finger printing and Notary Public there. Fedex doesnt' do it. Or you can go to you local police...
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