Wall Street Warriors Season 2
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The T3 Trading Group Annual Report (Form X-17A-5) can be downloaded from Edgar on the SEC website. In 2012, 99.89 percent of T3 Trading's revenues came from the monthly fees and the trading fees its proprietary traders paid to the company ($15,106,432). Only 0.106 percent of T3 Trading's revenues came from its share of the trading profits ($16,082). T3 Trading charges its traders for every share they trade. Traders are discouraged from trading a low number of shares per trade even if their trades lose a lot of money and even if they are placing the same number of trades.
T3 Trading charged each of my co-workers about $1,000 a month in trading fees. The $1,000 a month does not include the losses from the trades. On some days traders were profitable, but on most days they were not. Many traders are also charged several monthly fees. Total monthly fees can be as low as $120 a month. After one month at T3 Trading, one unprofitable trader was allowed to double the number of shares he traded ($2,000 a month in trading fees). Some traders may have trading profits that will offset some of the trading fees (and monthly fees). My manager told us on several occasions that many traders deposit additional money when the fees and the trading losses deplete their initial $7,500 capital contribution.
Turnover at T3 Trading is high. The Linked In website profile of CEO Sean Hendelman reveals that T3 Trading has more than 400 proprietary trading jobs.Read more ›
All of this would not have been a problem for me, if there was just some more time spent talking about their job, the way they make money. I had the strange feeling the makers of this season weren't interested in that at all, but more in making a glittering show. This is just my impression after viewing this season. Too bad, because the people interviewed weren't boring at all and I think the makers could have easily gotten more information out of them.
I have given this season a 1 star rating for showing me how things are looking inside the world of asset management. I simply couldn't get more out of this dvd.
Most Recent Customer Reviews
An incredibly large amount of time money and effort spent to create something that offers nearly nothing at all to others or the world at large. Read morePublished 18 months ago by Kid Amnesiac
This is a really entertaining show about life on Wall Street. Especially before the crash that happened around the year 2008.Published on January 10, 2014 by Sam Morehead
“Wall Street Warriors Season 2” features the journey of various men and at least two women in this popular and controversial sector of the financial industry. Read morePublished on December 25, 2013 by marriedmoneywizardintraining
season 2 contains 10 episodes not 7 episodes that is not what I was looking for.... that is false advertising try to get the complete season....Published on June 8, 2013 by GARY BENTLEY
Still great viewing. The players in Season 2 were not quite as 'edgy' as those in season 1, but still enjoyable viewing.
Well done to the producers.
I work in finance so this interested me and I never saw on TV. My husband and I watched all the episodes and enjoyed them. Read morePublished on March 6, 2010 by MK