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Wait.....is that $4mm burn-rate a quarter EXCLUDING or INCLUDING the
penthouse suite leases and Porsche Boxster leases for their girlfriends ?
(buried in General and Administrative costs)
> -----Original Message-----
> From: cwest@xxxxxxxxxxxx [mailto:cwest@xxxxxxxxxxxx]
> Sent: Thursday, June 14, 2001 10:14 AM
> To: Omega List
> Subject: RE: TRAD announces autoexecution
>
>
> FWIW, my prognostication is that progressively within a year TRAD will be
> able to deliver or provide an online trading application and service that
> integrates stocks, futures, and options on both. Other asset
> classes such as
> fixed income and forex may also be in the pipeline. If they can
> achieve such
> a goal, then it's likely they'd be the only player offering such
> an advanced
> interface. TS Pro will soon envelope and considerably enhance the
> functionality of the current version of Pro Suite.
>
> The timeframe for TRAD to meet their challenge is of course dictated by
> their financials. On the surface its looks like their current burn rate is
> approximately $4mm a quarter, and their quick ratio reserves are about
> $20mm. Seems like their challenge is to balance their attention
> between the
> ticks of the clock and the ticks of the market. I hope they make it,
> otherwise what else is there?
>
> Colin West
> cwest@xxxxxxxxxxxx
> 303-785-1702 (direct)
>
>
>
> -----Original Message-----
> From: Jack Zaner [mailto:jz@xxxxxxxxxxxxxx]
> Sent: Wednesday, June 13, 2001 2:35 PM
> To: Lawrence Chan; Bilo Selhi; Omega List
> Subject: Re: TRAD announces autoexecution
>
> Lawrence: You may be right-- I read this post
> http://biz.yahoo.com/bw/010612/2099.html
> from John Lothian and it seemed to indicate that TRAD was about
> to launch
> their auto execute futures brokerage as well.
> Regards, Jack.
> ----- Original Message -----
> From: "Lawrence Chan" <stnahc@xxxxxxxx>
> To: "Jack Zaner" <jz@xxxxxxxxxxxxxx>; "Bilo Selhi" <citadel@xxxxxxxxxxxx>;
> "Omega List" <omega-list@xxxxxxxxxx>
> Sent: Wednesday, June 13, 2001 3:18 PM
> Subject: Re: TRAD announces autoexecution
>
>
> >
> > It is stock brokerage - just checked their site out.
> > They do not have future data yet.
> > And do not have exact pricing for future order
> > execution.
> >
> > -Lawrence
> >
> >
> > --- Jack Zaner <jz@xxxxxxxxxxxxxx> wrote:
> > > Lawrence: I believe TRAD is referring to futures
> > > accounts.
> > > Regards, Jack.
> > > ----- Original Message -----
> > > From: "Lawrence Chan" <stnahc@xxxxxxxx>
> > > To: "Bilo Selhi" <citadel@xxxxxxxxxxxx>; "Omega
> > > List"
> > > <omega-list@xxxxxxxxxx>
> > > Sent: Wednesday, June 13, 2001 7:53 AM
> > > Subject: Re: TRAD announces autoexecution
> > >
> > >
> > > >
> > > > --- Bilo Selhi <citadel@xxxxxxxxxxxx> wrote:
> > > > > <snip>
> > > > > TRAD announced today that
> > > > > the autoexecution part of TS is ready to go...
> > > > > 50K min account and commissions are
> > > > > from 10-14 bucks per ticket.
> > > > > intelligent order routing ( need to be verified
> > > )
> > > > > clearing thru bear
> > > > > not bad at all...
> > > >
> > > > 50K accounts for trading stocks?
> > > >
> > > > pure stats from public source (CNBC),
> > > >
> > > > 60% trading accounts in US are < 10K
> > > > 25% < 25K
> > > > 10% < 5K
> > > > 3% < 10K
> > > >
> > > > BTW, those who hold accounts of size 50K and
> > > above,
> > > > 70% of them are retirement fund accounts :)
> > > >
> > > > The size of the market TRAD is going after is
> > > > pretty small.
> > > >
> > > > Even CyberTrader has a way lower requirement :)
> > > > They lower the requirement quite a few times :)
> > > lol
> > > >
> > > > It is tough getting pro trader business these
> > > days.
> > > >
> > > >
> > > >
> > > > =====
> > > > Lawrence Chan
> > > http://www.tickquest.com
> > > > Home of trading tools NeoBreadth and NeoTicker
> > > series
> > > >
> > > >
> > > >
> > >
> >
> >
> > =====
> > Lawrence Chan http://www.tickquest.com
> > Home of trading tools NeoBreadth and NeoTicker series
> >
> >
> >
>
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