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Re: nodummy post# 153553

Friday, 06/21/2019 6:24:17 AM

Friday, June 21, 2019 6:24:17 AM

Post# of 234025
It is not hard to f a firm, especially one with limited capital and low net cap that is required. I have done it twice professionally.

I had a stock that I was ordered by my COO to direct trades to a third market. They (Andrew, my memory is quite good) shorted against our retail clients on this one stock. I finally figured it out. So I started directing trades to the specialist on the floor to start bidding up the stock.

Good bye. They had to sell their firm to Knight.

I got a tongue lashing from my COO, but I noted that our retail clients that we retained, benefited from better execution.

She was pissed because we had to pay floor fees. She got the bill. Who the f is sending orders to the floor she yelled....


...lol

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