Recent content by apex82

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    Is cash no longer fully insured in an IB account ?

    Surely I am not the only one who noticed that they were the only broker to issue you a balance statement that shows no classification of USD SEG on your futures account?
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    Sipc coverage needs to go to 1.8m

    Exactly, hence looking for options other than Lloyd for per account insurance. These excess sipc insurance that the brokers buy are a joke... usually only covering 150MM firm wide. What account size do you think would warrant a broker paying the premium for a separate policy for your...
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    Sipc coverage needs to go to 1.8m

    Any other good options other than lloyds for additional insurance?
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    Is cash no longer fully insured in an IB account ?

    Spoke with a representative relatively high up on the IB ladder today. Apparently, IB does not allow you to have a sole commodity future or sole equity account. Every account at IB is classified as universal even if you ONLY trade futures. This poses a major risk, as the funds are not deemed...
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    Best capitalized brokers which does not hypothecate?

    bump
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    InteractiveBrokers "hyper-hypothecates" $14.5b of Customer Funds?

    Any verification other than one article that rehypothecation is illegal in Canada?
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    InteractiveBrokers "hyper-hypothecates" $14.5b of Customer Funds?

    Yes 10k here and there is easy to spread out and feel safe. Try taking 10 mill that takes about 200 trades a day and is usually 50% invested at all times and doing the same thing... not so easy now. Anyone know of some other brokers that dont seem to be involved in this re-hypothecate...
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    Anyone pulling money out of MF Global?

    http://www.nypost.com/p/news/business/dimon_eyes_clawback_kREEfrYWIbA84Om6j2kKmK
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    MF Global On A Massive Scale?

    Very important... please post more info
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    Anyone pulling money out of MF Global?

    Anyone else part of any other legal group other than CCC seeking to return money to customers? I have two other lawyers and to be honest they are not making much headway... The arguments etc are usually futile and cost a tremendous amount of money. A collaboration would be more efficient...
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    Is this is a good deal?

    How could you achieve better leverage for less funds? I believe the law is 4:1 up to 1 million?
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    Is this is a good deal?

    No, it will be set up as a foreign corporation. What prop firm would you guys recommend that has the most security/insurance for your funds? I also need a fix protocol for the system.
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    Is this is a good deal?

    Intraday automated system on US equities only(approx. 10-20 symbols) 75% of the trades will be adding liquidity Approx. 500k shares per day - 10 mill per month Account size is 1 - 4 mill Offer from institutional brokerage(not prop firm) Min. acct size is 1 mill with 6.66 leverage .0010...
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    Anyone pulling money out of MF Global?

    I had less than one percent of my equity from my MF Global acct transferred to the new FCM.... 99.6 % is cash sitting at MF. I should be part of that initial distribution!
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