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	<title>Trace Reed</title>
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	<link>http://tracereed.com</link>
	<description>DMA and Proprietary Trading Firms</description>
	<pubDate>Sun, 03 Aug 2008 05:21:51 +0000</pubDate>
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			<item>
		<title>What is an Opening and Closing transaction?</title>
		<link>http://tracereed.com/faq/what-is-an-opening-and-closing-transaction/</link>
		<comments>http://tracereed.com/faq/what-is-an-opening-and-closing-transaction/#comments</comments>
		<pubDate>Sun, 03 Aug 2008 05:21:51 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<category><![CDATA[closing]]></category>

		<category><![CDATA[opening]]></category>

		<category><![CDATA[prop firm]]></category>

		<category><![CDATA[trading]]></category>

		<category><![CDATA[transaction]]></category>

		<guid isPermaLink="false">http://tracereed.com/?p=156</guid>
		<description><![CDATA[An opening transaction would be the first order of a trade. For a long position, the &#8220;buy&#8221; is the opening transaction of a trade and for a short position, the &#8220;sell&#8221; is the opening transaction.
The closing transaction, simply takes the opposite side of the opening position. For a long position, the &#8220;sell&#8221; is the closing [...]]]></description>
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		</item>
		<item>
		<title>What is the Difference between a Prop Firm and a Arcade ?</title>
		<link>http://tracereed.com/faq/what-is-the-difference-between-a-prop-firm-and-a-arcade/</link>
		<comments>http://tracereed.com/faq/what-is-the-difference-between-a-prop-firm-and-a-arcade/#comments</comments>
		<pubDate>Mon, 02 Jun 2008 15:49:23 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://tracereed.com/?p=155</guid>
		<description><![CDATA[A prop firm hires traders to trade &#8216;proprietary&#8217; capital- ie the capital belongs to the owners of the firm. The traders are employees.
An arcade is a place that houses independent traders that trade their own capital. The owners make money from the commission dollars of the traders.
- Steve Dillinger
Cornerstone MTO &#124; Cornerstone Trading Group
]]></description>
		<wfw:commentRss>http://tracereed.com/faq/what-is-the-difference-between-a-prop-firm-and-a-arcade/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Why Are There So Few Prop Futures Firms?</title>
		<link>http://tracereed.com/faq/why-are-there-so-few-prop-futures-firms/</link>
		<comments>http://tracereed.com/faq/why-are-there-so-few-prop-futures-firms/#comments</comments>
		<pubDate>Mon, 12 May 2008 05:56:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://tracereed.com/?p=154</guid>
		<description><![CDATA[&#160;&#160;&#160;&#160;One of the main benefits of proprietary trading firms is the leverage they afford their traders. Futures contracts are exchange traded derivatives to buy or sell a certain underlying instrument at a certain date in the future, at a specified price.
&#160;&#160;&#160;&#160;Futures are different than stocks in that the futures contract is a contract between two [...]]]></description>
		<wfw:commentRss>http://tracereed.com/faq/why-are-there-so-few-prop-futures-firms/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Where can I find self study training materials for the General Securities Representative Exam ( Series 7 )</title>
		<link>http://tracereed.com/faq/where-can-i-find-self-study-training-materials-for-the-general-securities-representative-exam-series-7/</link>
		<comments>http://tracereed.com/faq/where-can-i-find-self-study-training-materials-for-the-general-securities-representative-exam-series-7/#comments</comments>
		<pubDate>Tue, 06 May 2008 00:07:35 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://tracereed.com/?p=152</guid>
		<description><![CDATA[There are several avenues for self study materials. The most important aspect is finding materials or training courses that fit your style of learning. 
You can purchase several books on the Series 7 from sites such as Amazon, or purchase materials that specialize in training materials, such as Kaplan or STC.
Here is the FINRA study [...]]]></description>
		<wfw:commentRss>http://tracereed.com/faq/where-can-i-find-self-study-training-materials-for-the-general-securities-representative-exam-series-7/feed/</wfw:commentRss>
		</item>
		<item>
		<title>SMB Capital</title>
		<link>http://tracereed.com/nyc-area/smb-capital/</link>
		<comments>http://tracereed.com/nyc-area/smb-capital/#comments</comments>
		<pubDate>Sat, 03 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[NYC Area]]></category>

		<guid isPermaLink="false">http://tracereed.com/1969/12/31/smb-capital/</guid>
		<description><![CDATA[

Firm
SMB Capital


Location
New York NY 


URL
http://www.smbcap.com/


Year Established
 


Owners
 


Remote Trading Available
Yes 






Risk Capital
No 


Payout
 


Series 7
Not Required 


Will Sponsor Series 7
N/A 


Trading Software
Light Speed 


Training Provided
Yes 


Equities
Yes 


Options
No 


Futures
No 


]]></description>
		<wfw:commentRss>http://tracereed.com/nyc-area/smb-capital/feed/</wfw:commentRss>
		</item>
		<item>
		<title>M&#038;N Trading</title>
		<link>http://tracereed.com/chicago-il/mn-trading/</link>
		<comments>http://tracereed.com/chicago-il/mn-trading/#comments</comments>
		<pubDate>Sat, 03 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Chicago IL]]></category>

		<guid isPermaLink="false">http://tracereed.com/1969/12/31/mn-trading/</guid>
		<description><![CDATA[

Firm
M&#038;N Trading


Location
Chicago IL 


URL
http://www.mntrading.com


Year Established
1999 


Owners
 


Remote Trading Available
 






Risk Capital
 


Payout
 


Series 7
 


Will Sponsor Series 7
 


Trading Software
 


Training Provided
 


Equities
 


Options
 


Futures
Yes 


]]></description>
		<wfw:commentRss>http://tracereed.com/chicago-il/mn-trading/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Questrade</title>
		<link>http://tracereed.com/canada/questrade/</link>
		<comments>http://tracereed.com/canada/questrade/#comments</comments>
		<pubDate>Sat, 03 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Canada]]></category>

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		<description><![CDATA[

Firm
Questrade


Location
Toronto 


URL
http://www.questrade.com


Year Established
1999 


Owners
 


Remote Trading Available
Yes 






Risk Capital
Yes 


Payout
 


Series 7
Not Required 


Will Sponsor Series 7
N/A 


Trading Software
Sterling Pro 


Training Provided
No 


Equities
Yes 


Options
No 


Futures
No 


]]></description>
		<wfw:commentRss>http://tracereed.com/canada/questrade/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Cy Group Trading</title>
		<link>http://tracereed.com/nyc-area/cy-group-trading/</link>
		<comments>http://tracereed.com/nyc-area/cy-group-trading/#comments</comments>
		<pubDate>Fri, 02 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[NYC Area]]></category>

		<guid isPermaLink="false">http://tracereed.com/1969/12/31/cy-group-trading/</guid>
		<description><![CDATA[

Firm
Cy Group Trading


Location
 


URL
http://www.cygrouponline.com


Year Established
 


Owners
 


Remote Trading Available
Yes 






Risk Capital
 


Payout
 


Series 7
 


Will Sponsor Series 7
 


Trading Software
Laser 


Training Provided
Yes 


Equities
Yes 


Options
 


Futures
 


]]></description>
		<wfw:commentRss>http://tracereed.com/nyc-area/cy-group-trading/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Cornerstone Trading Group</title>
		<link>http://tracereed.com/chicago-il/cornerstone-trading-group/</link>
		<comments>http://tracereed.com/chicago-il/cornerstone-trading-group/#comments</comments>
		<pubDate>Fri, 02 May 2008 00:00:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[Chicago IL]]></category>

		<guid isPermaLink="false">http://tracereed.com/1969/12/31/cornerstone-trading-group/</guid>
		<description><![CDATA[

Firm
Cornerstone Trading Group


Location
Chicago IL 


URL
http://www.cornerstonetg.com


Year Established
 


Owners
Six Managing Partners 


Remote Trading Available
Yes 






Risk Capital
Yes 


Payout
N/A 


Series 7
Not Required 


Will Sponsor Series 7
N/A 


Trading Software
Sterling Trader Pro ThinkOrSwim and TT 


Training Provided
No 


Equities
Yes 


Options
Yes 


Futures
Yes 


]]></description>
		<wfw:commentRss>http://tracereed.com/chicago-il/cornerstone-trading-group/feed/</wfw:commentRss>
		</item>
		<item>
		<title>I am Registered with the Financial Services Authority (FSA), do I have to take the Series 7 ?</title>
		<link>http://tracereed.com/faq/i-am-registered-with-the-financial-services-authority-fsa-do-i-have-to-take-the-series-7/</link>
		<comments>http://tracereed.com/faq/i-am-registered-with-the-financial-services-authority-fsa-do-i-have-to-take-the-series-7/#comments</comments>
		<pubDate>Sat, 26 Apr 2008 23:56:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
		
		<category><![CDATA[FAQ]]></category>

		<guid isPermaLink="false">http://tracereed.com/?p=151</guid>
		<description><![CDATA[&#160;&#160;&#160;&#160;Persons registered and in good standing with the Financial Services Authority (FSA) in the United Kingdom, or one of the Canadian securities regulatory organizations can take a short version of the Series 7.
&#160;&#160;&#160;&#160;For FSA Limited Registered Representatives, persons can take the Series 17, which has 100 multiple choice questions over a 2 hours testing time.
&#160;&#160;&#160;&#160;For [...]]]></description>
		<wfw:commentRss>http://tracereed.com/faq/i-am-registered-with-the-financial-services-authority-fsa-do-i-have-to-take-the-series-7/feed/</wfw:commentRss>
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