| Topic Name: |
First New York Securities |
| Message Name: |
Mixed Reviews on FNY |
| Date Posted: |
11/07/2002 |
| In Reply To: |
asked him if they offered bullits (he didnt know what they where), did they have a spoos box in the office (ibid). However he asked me about my trading strategy, and as I explained it to him he just seemed a bit slow. Again, the main thing that gave me the poor impression was an intangible feeling. |
| Message: |
Guy I know is a daytrader, he knows someone there. He said that they're a step above a daytrading firm in the sense that they tend to use floor traders more often to work orders. They probably get better flow information from the floor & from the block desks, but that doesn't mean they know what they're doing. Another person I know on the sellside says that in the past working with them, the newer guys didn't know basics like settlement timelines. I have to believe that it can't be that bad, I mean, they make them train for months before they're allowed to trade. They must know the basics, right?
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