Trading Arcades have had their day

This is a discussion on Trading Arcades have had their day within the Trading Arcades forums, part of the Trading Career category; Originally Posted by Parky weakpunter, So that is why Algo teams are leaving the big Banks and coming to us ...

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Old Apr 23, 2010, 1:22pm   #57
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weakpunter,
So that is why Algo teams are leaving the big Banks and coming to us then is it.
You really know a lot less than you think you do, we have been taking Algo traders and trading teams from the so called big institutions because we do not have their bureaucracy, our systems are bespoke and we actually give them better connectivity, so much so the first team we took on have gone off shore having made more with us in 18 months that they did at a very large Bank in 5 years.
you really should do some research before you state such rubbish.
For you information I have been in the City for over twenty years and help set up the very first trading room for Eurex traders when Liffe was still floor based
Parky ,
Bully for you then, talk about changing the argument! I knew you were plugging one of your own Arcades lol , if you had bothered to go through this post then you wouldnt be so pig ignorant and actually realize what I have been saying to the readers on this thread was that if you were a mid size trader trading some outright bunds, bobls or dax or stoxx or gilts etc and trying to take a few ticks out of it, then there were better options than arcades suited for our style of trading, now your banging on about taking bank algo traders on, when this thread was started it was to address the issues of mid size intraday locals who are being fleeced of 2500 quid a month and giving 30% of their profits when there were options out there to save them money, do you think I could give a tuppeny damn about your bank algo boys , I was trying to give a word of advice to the majority who are traders like me. So dont come on my thread and start chopping and changing the real argument here.......anyway thats what I would expect from a representative of an arcade.
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Old Apr 23, 2010, 1:38pm   #58
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On several of your posts you have questioned our infrastructure saying we suffered slowdowns and down times and to quote you "you really think the arcades direct lines are any match for the massive funds out there who have superior technology and custom front ends, your living in a fool’s paradise"
I have merely proved you wrong, so no I have not changed the argument, I have merely pointed out you do not know what you are talking about.
Trading for a living is no different to anything else in life, you get what you pay for, you want cheap you get rubbish, you want the best you have to pay for it and no amount of bleating and burying your head in the sand is going to change that. If you only make £5k a month then sure stay at home a professional trading room isn’t for you, if you make decent money and want quality and resilience go to a professional trading room
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Old Apr 23, 2010, 1:48pm   #59
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On several of your posts you have questioned our infrastructure saying we suffered slowdowns and down times and to quote you "you really think the arcades direct lines are any match for the massive funds out there who have superior technology and custom front ends, your living in a fool’s paradise"
I have merely proved you wrong, so no I have not changed the argument, I have merely pointed out you do not know what you are talking about.
Trading for a living is no different to anything else in life, you get what you pay for, you want cheap you get rubbish, you want the best you have to pay for it and no amount of bleating and burying your head in the sand is going to change that. If you only make £5k a month then sure stay at home a professional trading room isn’t for you, if you make decent money and want quality and resilience go to a professional trading room
Parky,
Now you really are losing the plot, first of all you dont know me and you dont know what kind of money I make today or have done over the years, Ive traded probably in bigger volumes than you ever did whilst you have sat there like a coward in your risk room for the last 15 years , and even if I did only make 5 grand a month which I can assure you I dont, then its the consistent traders who sat at the arcades for a decade making 5 -20 k a month doing 20,000 spins a month that kept the likes of you in business, and made sure you could sit there in your little risk hovel on your mediocre salary. So is that what you tell your trainees and stalwarts that have kept you in business...you disgust me, you ungrateful plank
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Old Apr 23, 2010, 1:55pm   #60
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Old Apr 23, 2010, 1:58pm   #61
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OOh dear, I thought good traders kept their cool?
Now for a start I did not say or suggest you only made £ 5K, you assume I am in risk environment, you assume 5 - 20K a month and 20,000 round trips is impressive, ok it is not bad I will give you that but you would rank as mediocre and I assure you we have plenty doing much bigger size keeping us in business thanks a lot.
As for the "hovels", "Mediocre Salary" Ok I will give you that one, "ungrateful plank",
Dear dear, those anger management courses are not working!
But I could not leave you just misleading people could I?
As for your disgust, bothered?????

Last edited by Parky; Apr 23, 2010 at 2:08pm.
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Old Apr 23, 2010, 2:09pm   #62
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OOh dear, I thought good traders kept their cool?
Now for a start I did not say or suggest you only made £ 5K, you assume I am in risk, you assume 5 - 20K a month and 20,000 round trips is impressive, ok it is not bad I will give you that but you would rank as mediocre and I assure you we have plenty doing much bigger size keeping us in business thanks a lot.
As for the "hovels", "Mediocre Salary" Ok I will give you that one, "ungrateful plank",
Dear dear, those anger management courses are not working!
But I could not leave you just misleading people could I?
As for your disgust, bothered?????
Parky,
hahaha , you really are a prize nana, I wasnt talking about myself, I just pointed out
that you had basically insulted the mainstay of traders at Arcades, which I actually thank you in doing as all youve done is conclusively proven what a bunch of ungrateful low lifes you are, no one has been mislead on here by me, theyve just had their eyes opened, anyway keep up the good fight of the sinking ship "arcade" thats all your good for, go and chill out another week done go have a hand shandy over todays p&l in you risk room.
seeing as you cant do it yourself TaTa
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Old Apr 23, 2010, 2:27pm   #63
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Well I am sure most traders and those reading this thread are more than capable of making their own minds up.
But who is ungrateful?
We provide a quality service to professional traders, quite simply if we did not we would go out of business and the simple fact is the professional trading rooms still have much to offer and will be around for some time. Rumours of their demise have been very greatly exaggerated, especially it seems by those with axes to grind.
.
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Old Apr 23, 2010, 2:40pm   #64
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weakpunter started this thread
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Originally Posted by Parky View Post
Well I am sure most traders and those reading this thread are more than capable of making their own minds up.
But who is ungrateful?
We provide a quality service to professional traders, quite simply if we did not we would go out of business and the simple fact is the professional trading rooms still have much to offer and will be around for some time. Rumours of their demise have been very greatly exaggerated, especially it seems by those with axes to grind.
.
Parky,
Thats my whole point no you dont provide a quality service,If you had read any of my past threads and realized a thing or two about the disgusting way some traders have been treated at arcades....have had money basically stolen from them or at least have had arcades attempt to steal their money when they have wanted to leave or switch companies or managers at the premiere league arcades who have contacted brokers to take the opposite position of the traders they trained when they have all been caught in a wrong position.....what do you say about that Parky?, I know the ins and outs of what has gone on behind closed doors at arcades, I too have been around for 20 odd years in the city and was one of the first to go electronic, and you are trying to make out that arcades are pillars of the city which they are not, you have in your previous statement tried to belittle traders who make 5 grand and should stay at home, the one thing I will agree on is that hopefully traders do see the truth for themselves.
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