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Proprietary Trading Firms Avidus Equity Trading Group Designed for the active equity trader, Avidus is a proprietary trading firm located in the north suburbs of Chicago that uses its own trading platform and requires a capital commitment from all incoming traders. BOSS Trading is a Chicago-based proprietary trading group with a strong background in intermarket relationships and spreads, from both a fundamental and technical standpoint. It is one of the largest U.S. proprietary equity trading firms in terms of number of traders and volume traded on the NYSE and NASDAQ. www.traderslog.com /proprietarytradingfirms.htm   (1428 words)

Proprietary trading - Wikipedia, the free encyclopedia Proprietary trading is a term used in investment banking to describe when a bank trades stocks, bonds, options, commodities, or other items with its own money as opposed to its customers' money, so as to make a profit for itself. The line between what is "normal" trading profit from market making activities, and what is "proprietary" trading profit, is a blurred one which is sometimes defined differently between investment banks. Another conflict that is alleged to occur is that when the proprietary traders have bought things that have been performing badly, they may instruct the investment bank salesmen (who call customers to get them to buy something) to instruct their customers to take the investments off of their hands. en.wikipedia.org /wiki/Proprietary_trading   (915 words)

[No title] It discusses trading instruments and trading methods; the growth and involvement of banks in those activities; and the risks and benefits posed by trading; how those risks are managed by the banks; and how those risks are supervised by the regulators. Most of the major trading banks now maintain their daily earnings-at-risk for all trading activities at less that 3% of Tier I capital, although there are a couple of major exceptions. Trading revenues were consistently positive for the seven major dealer banks over the 44 calendar quarters from June 30, 1984, to June 30, 1995, except for six instances of losses. www.occ.treas.gov /ftp/release/96-29.txt   (2327 words)

Clearing Fees & Proprietary Trading Requirements - REMINDER Trades executed by individual owners in a clearing member firm for the firm’s proprietary account may receive member rates on those trades as long as all of the owners’ trading results are aggregated before any profit distributions are made. Trades executed by owners in a clearing member firm who wish to have their trading results segregated from the trading results of other owners may receive member rates on those trades if they contribute and maintain at least $500,000 to the firm. The proprietary trading of a clearing member is entitled to equity member rates on all contracts when an employee owning a membership conducts it on the floor of the Exchange. www.cme.com /clearing/audit/adv/4847.html   (1011 words)

99-22 In a proprietary account, or in situations where a portion of the funds in the account belong to the CTA or a relative, the CTA may elect to charge no management or incentive fee and clearing fees may be waived or reduced if the account is cleared by an affiliate. For these reasons, proprietary trading results may be of little relevance to a prospective pool participant or CTA client in many cases and may be actually misleading in others. Prior to the Part 4 Revisions, use of proprietary trading results was not specifically referred to in the Commission's rules, although Commission staff had advised registrants that any proprietary trading results presented in a Disclosure Document must be clearly labeled as such and presented in a separate table. www.cftc.gov /tm/letters/99letters/tm99-22.htm   (961 words)

Proprietary Trading - Hedge Fund Jobs Our proprietary trading program is ideal for individuals who want to trade for a living; for example, as a hedge fund manager. Once candidates have agreed to have their trading record disclosed to prospective hedge funds, we will begin to make introductions in the interests of securing the client capital from the fund to trade with. Proprietary trading (prop trading for short) involves the opportunity to trade someone else's money for a living. www.forextradingusa.com /proprietary-trading.htm   (663 words)

Proprietary Trading Second, proprietary trading activity conducted with discretion by a Rule 106.D. Futures Industry Transfer (Lessee) on the floor is charged a clearing fee rate based on the lowest level of membership status of the lessee or account owner. Thus, all proprietary trading activity conducted within the division of membership held on GLOBEX by a member firm employee is entitled to preferential clearing fees. As much of the proprietary activity is currently being conducted by independent contractors and other self-employed individuals, we are allowing a grace period until June 30, 2002 for all such traders to be converted to employees issued a W-2 and included on the firm’s payroll records unless they are trading on a Rule 106.F. membership. www.cme.com /clearing/audit/adv/601.html   (995 words)

PROPRIETARY TRADERS OVERVIEW Proprietary traders often get 10-to-1 or 20-to-1 leverage because a proprietary trading firm may allocate money to traders within a firm however it likes. Proprietary trading firms’ sales pitches can sound very attractive to business traders who believe they do not independently have sufficient risk capital and leverage to make a living. In a proprietary trading firm you can receive between 60 percent and 99 percent of your trading profits, which is considerably higher than the 20-percent profit allocation in a hedge fund. www.greencompany.com /PropTraders/Traders.shtml   (3729 words)

PROPRIETARY TRADING Deciding whether to trade through a proprietary firm or a retail brokerage is not easy — there are advantages and disadvantages to both and many issues to weigh. Our position is that if a proprietary trader's only income from the LLC prop trading firm is their net share of trading gains from their "sub-trading" account (after expenses and other charges are applied) and they don't share in any firm-wide "earned income" activities, that trader is exempt from SE taxes. Trading is not an investment partnership, as the trader is active. www.greencompany.com /PropTraders/Resources.shtml   (1999 words)

SFO Magazine Official Journal for Personal Investing in Stocks, Futures and Options That suits proprietary trading firms just fine because the people knocking on their doors today usually are not part of the easy money markets of the 1990s. Cary Gruber, a day-trader who has been trading his own account at Schonfeld since August 2003, says he was able to make the leap from stock broker to day-trader with the help of Schonfeld’s software and trading in a trading room with 90 other traders all aiming to win. While proprietary trading firms are nothing new to equity or futures markets, executives in both industries say they expect the size and number of operations to grow in the coming year. www.stocktrading.com /SFOarticle.htm   (2530 words)

iCapital Markets LLC: Admin. Proc. Rel. No. 33-8059 / January 24, 2002 Initially, all of Datek Securities' trades were reviewed and assigned to accounts at the end of the day in order to create the appearance of compliance with SOES rules, margin requirements, and to generate the guaranteed rate of return for each account. Trades were allocated to particular accounts in a manner that gave the appearance of compliance with NASD rules governing SOES. Datek Securities directed its traders to place trades on the SOES system when it knew, by its explicit agreement with NASD and by applicable rules, that it was not permitted to use the system for proprietary trading. www.sec.gov /litigation/admin/33-8059.htm   (5986 words)

PMKing Trading LLC - Automated Trading Services Some of our trading systems may not be represented in Collective2, and therefore not all of our proprietary trades may be entered. PMKing Trading is not responsible for any losses incurred as a result of clients acting on the trading signals published via Collective2 or any other company. Trading signals are not tailored on an individual basis, or tested for suitability for any individual subscriber, therefore the trading signals should NOT be considered investment advice. www.pmkingtrading.com /id35.html   (367 words)

Prop Trading Comes In From The Cold that proprietary risk-taking is set to increase next year – with expectations for a roughly 50% increase in prop trading profits. He claims to have seen no evidence of a recent increase in prop trading among commercial banks, but admits that the announcements from Citi and HSBC “may mark the beginning of a new approach”. Declining margins in high volume trading businesses may also be pushing some banks to take more market risk, she suggests. www.erisk.com /ResourceCenter/Market/PropTradingComesInFromThe.asp   (735 words)

proprietary trading and Stock Trading at TradeStars + Stock Trading   (Site not responding. Last check: 2007-10-18) proprietary trading and stock trading - bargain sources of proprietary trading in the safest way possible with ultra-safe traders methods. market is any arena in which proprietary trading buyers and sellers meet in order to try and exchange their requirements. We, of course, are interested primarily in proprietary tradingstock markets, which may market are many and varied, and range from people like you, trading for themselves, all the way up to billion dollar that describes the major problems and abuses in the proprietary trading industry and summarizes the legal actions brought to date. www.tradestars.com /content/proprietary-trading.asp   (207 words)

Difference between trading careers: Sales & Trading Vault Message Board (Proprietary trading)   (Site not responding. Last check: 2007-10-18) Trading is a one of the most over utilized words around. Proprietary trading means taking positions and making money by committing capital. However, I still have some confusion regarding flow trading, especially since this can still be viewed as a form of proprietary trading. www.vault.com /messages/Sales___Trading/Sales___Trading196131.html   (491 words)

Allston Trading, LLC Allston Trading, LLC is a proprietary trading firm that develops and runs fully automated algorithms to trade worldwide financial markets. Proprietary trading means that the firm's income is derived entirely from trading stocks, bonds, options, futures, and other financial instruments for the firm's own account. Be the best trading firm in each product class in its understanding of the markets and in its application of technology to those markets. www.allstontrading.com   (255 words)

99-17 As a result of arguments, such as yours, the Commission regulation permits the use of proprietary trading results, subject to certain safeguards to ensure that past performance presentation is consistent across CTAs. However, it should be noted that, for the period the affiliate's account was in fact a customer account (all times prior to the date the AP status became effective) it may be treated as such in the performance table. Prior to the Part 4 Revisions, use of proprietary trading results was not specifically referenced in the Commission's rules, although Commission staff had advised registrants that any proprietary trading results presented in a Disclosure Document must be clearly labeled as such and presented in a separate table. www.cftc.gov /tm/letters/99letters/tm99-17.htm   (541 words)

Proprietary Trading Models: Too Much Hype? The buzzword proprietary is the "hook" to the big promise that you are "going to make 500 hundred million dollars". Don't get us wrong plenty of successful traders have their own special sauce, but in the case of trend followers you have to ask yourself how much different the "sauces" really are. Sure, but those differences are usually related to the markets traded or the risk and reward quotient. www.turtletrader.com /proprietary-trading-models.html   (321 words)

Proprietary Trading :: Variance Trading :: Trade with the Professionals :: Direct Access, Proprietary Trading, Day ... Variance Trading is a New York-based, privately-held, Proprietary Trading firm that specializes in the active trading of United States equities through the use of state-of-the-art technology to access market liquidity and to harness the momentum and volatility of the market. Variance Trading operates one of the fastest growing Proprietary Trading operations in the US, and also provides Direct Access brokerage services to Active Traders, Institutions and Hedge Funds. Variance Trading operates a proprietary trading floor that specializes in the active trading of equities through the use of our execution platform. www.variancetrading.com   (453 words)

Direct Access Trading Proprietary Traders - Proprietary traders can take advantage of Hold Brothers' unique mentoring program (see the Trader FAQs and/or Working @ HB sections), including sponsorship for Series 7, and 55 licenses. Proprietary traders trainees work onsite at our Jersey City headquarters, and Manhattan offices. If you're interested, please fax a resume to Attn: Proprietary Trading, 201-499-8750, or e-mail to hr1@holdbrothers.com No phone calls, please. www.onli.com /becomeatrader_6-17.html   (293 words)

Trading education for broker dealers, trading firms, proprietary trading firms - Cyber Trading University   (Site not responding. Last check: 2007-10-18) Our trading terminals are equipped with "Trading Simulators" where students learn to trade with the look and feel of real live market trading. Most brokerage firms, trading firms, and other market related firms most often request that we teach their associates at their facility. However, if you are not a company of this nature and would like us to come to you, all you need is a minimum of 5 students to take the 1 or 5 day course and we travel to your location. www.cybertradinguniversity.com /Page.asp?ID=2   (257 words)

Trading Gibbons' Trading Stock Market Newsletters The VTM is a highly proprietary "fl box" trading system that uses a minimal number of parameters so as to not reduce statistical degrees of freedom. Trading discipline is not a sufficient condition to make money in the markets, but it is a necessary condition. Those that trade only in the direction the markets are moving are on the correct side of the trade more often than not. www.gibbonstrading.com /trading.htm   (3012 words)

proprietary trading job database yonkers new york directory - SEO-Specialists.org This proprietary trading job database yonkers new york and database jobs directory page is your source for featured proprietary trading job database yonkers new york and information. ABOUT THESE FOOTNOTES for proprietary trading job database yonkers new york - for over a year, we researched the best ways to present information on these content pages, attempting to strike a balance between publishing volumes of information while limiting the need to scroll down through lengthy lists of items.. the method we've chosen, as is used on this proprietary trading job database yonkers new york topic area, is to present lists of links at the top of the page in handy "title only" form, while providing additional commentary for those who desire it, as footnotes. www.seo-specialists.org /database-jobs/proprietary-trading-job-database-yonkers-new-york.php   (455 words)

Bloomberg.com: Germany   (Site not responding. Last check: 2007-10-18) Chief Executive Officer Josef Ackermann, who turned Deutsche Bank into one of the world's five biggest trading firms, said ``levels of market activity were lower'' in the quarter, leading to a 15 percent drop in profit at the investment bank. Last quarter, revenue from sales and trading, which made up 42 percent of the total, fell 6.3 percent to 2.69 billion euros, showing the first year-over-year decline in two years. Proprietary trading in stocks, which was ``marginally positive'' in the quarter, was primarily responsible for the decline in equities revenue, the bank said. www.bloomberg.com /apps/news?pid=10000100&refer=&sid=a7iEaqV6aNyA   (1069 words)

GARP : Risk News : Risk eNews Article   (Site not responding. Last check: 2007-10-18) In the Order Instituting Proceedings, the Division of Enforcement alleges that between 1999 and mid-2003 these specialists pervasively executed proprietary orders for their firms’ proprietary accounts ahead of executable public customer or “agency” orders that were placed through the NYSE electronic trading system, known as the “DOT” system. In the second form of trading, the specialist filled one agency order through a proprietary trade for the specialist firm’s proprietary account — and thereby improperly “stepped in front” of, or “traded ahead” of, the other agency order — simply to allow the specialist firm to take advantage of market conditions promptly. By “trading ahead,” the specialist locked in a better price for the proprietary trade, and then later filled the agency order at an inferior price, thus disadvantaging the agency order. www.garp.com /risknews/newsfeed.asp?Category=19&MyFile=2005-04-13-10600.html   (955 words)

InvestorFLIX - Author List The Day Trader's Advantage is based on forty years of combined short-term trading success, intimate knowledge of the psychology underlying successful trading, experience training traders on and off the exchange floors, and specialized experience using Abell and Koppel’s own proprietary trading systems, as well as interviews with hundreds of successful short-term traders. Although Bob's interest and "trading roots" remain in the efficient and profitable trading of small accounts, he is not a novice when it comes to the trading of large amounts of managed money. Trading pioneer William D. Gann's approach, developed in the first part of the century, is proving to be profitable far beyond traders' expectations. flix.ino.com /preview/allauthors.html?letter=all   (16044 words)

Forbes.com: Proprietary trading pays off for J.P. Morgan   (Site not responding. Last check: 2007-10-18) Trading their own cash produced big profits for Wall Street firms throughout the 1990s until Russia defaulted on its debt in 1998 and caused the near collapse of the giant Long-Term Capital Management hedge fund. "Proprietary trading is extraordinarily profitable for the bank," said analyst Richard Bove with Hoefer and Arnett, referring to J.P. Morgan. The other $1.2 billion in trading revenue at J.P. Morgan in the second quarter came from clients' fees from trading, bonds, currencies, other items and, to a lesser extent, stocks on behalf of customers. www.forbes.com /markets/currencies/newswire/2003/07/23/rtr1034591.html   (677 words)

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