@Fuckputs MM here means Wholesaler/internalizer who engage in PFOF, not designated/registered exchange MM.
Toxic flow to wholesalers ruins the economics of their business and obviously this is also detrimental to the commission free broker who relies on the PFOF revenue.
Why does everyone think removing the PDT rule is creating bag holders at market ATHs?
REG T DID NOT CHANGE!
If anything, it’s allowing small margin accounts to actually reposition and not get penalized with trade restrictions.
@Alice_comfy@SmallCapSmarts A prop firm that takes risk captial has to be registered BD. All the traders need to be licensed.
Unregistered prop firms can only use their Captial to back traders (they also can’t charge commissions).
“If the task you’re trying to do is not well represented in the base data or the RL data, there is no force on this planet that can make that LLM solve this problem for you”
@MarioNawfal This is the reason why the company with 10,000 employees and 10,000 AI agents will outperform the company with 1000 employees and 19000 agents.