Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (1088)	9/26/2000 10:37:26 PM
From: LPS5	Read Replies (1) \| Respond to of 1426

Most proprietary firms and funds start in the neighborhood of $500,000/tdr; a dealer would require sufficiently more. LPS5

To: Bilow who wrote (1088)	9/27/2000 12:11:53 AM
From: booters	Read Replies (1) \| Respond to of 1426

If someone hired you as a MM, I don't think they'd only supply you with $100K worth of trading capital. That is chump change. I am sure you are correct. It was the relative return I was considering, not the dollar amount.

To: Bilow who wrote (1088)	9/27/2000 7:49:09 PM
From: gene_the_mm	Respond to of 1426

YES... $100,000 would not be enough capital to make markets (without setting off the SUPER-CAP alert every other minute). Market making requires (this is an approximate guess) about 1,000,000 per trader on average for risk capital, and that is at very small firms. I happen to work at a very small B/D and I work with approximately 2,000,000 to 5,000,000 in positions at any given time. However, it should be noted that my firm obviously gets 'leverage' on their risk capital (which allows them at least 2 to 1 INTRADAY leverage) and also that I am close to FLAT at the end of everyday (unless we have capital set aside for deals/secondaries/fundamental positions). I hope that helps. -- Gene