From a regulatory standpoint, investors are professional firm traders placing orders on the firm's behalf. For starters, trading through permits much more leverage. For the most part, traders can also access whatever information stock-exchange members have. Exchange rules guarantee that an order will be filled within a single minute. Yet even with all the advantages available to the players at the top of this particular food chain, the life of a professional firm day trader is no sure thing.
Nothing makes a firm richer than a high-volume trader.
So profitable are commissions that some firms sign up hopeful new traders, provide a bit of rudimentary training, and then give them money to trade. Inevitably, the turnover is high, but firms hope that even traders who go broke with borrowed money will spin off enough in commissions to justify backing the losers. After recovering, he traveled and avoided trading. In 1995, plunged back into a world that was rapidly becoming digital. As in the case of many ex-traders, including a number of the Wall Street refugees who now trade at , 's imagination failed him when he sought something else to do.