Why most proprietary firms trade on NYSE?

I

Ihor

Newbie

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• Oct 25, 2005

• #1

Most of prop. daytrading firms trade on NYSE. Do they have some benefits for adding liquidity to market? Main source of income is volume rebates?
Waiting for answer experienced traders

 

Directional

Experienced member

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• Oct 25, 2005

• #2

most prop firms daytrade via ECN's due to the liquidity provider rebates. NYSE still quote via specialists who rape you on fills.

 

I

Ihor

Newbie

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• Oct 26, 2005

• #3

Nyse

Ok, so main income is from ECN rebates or from profit of hired daytraders?

 

P

Pitscum

Active member

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• Oct 28, 2005

• #4

id settle for rape on the nymex in ny, trouble is they go for rape with extended buggery and drowning u at the same time....you guessed it, im learning why they dont want their pit electronic in any way out there........