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My futures clients, especially the independent traders, are keeping their accounts fairly modest - some even have multiple accounts using different FCMs. After the PFG and Man debacles, keeping way more capital in an account than you realistically use is likely not a great idea. You can always...

Note: the vast majority of my independent trading clients are choosing to stay with delayed data even after they choose to go live. It seems that the delayed data in terms of exchange supported spreads is plenty good enough for swing trading. If you want to see live data and depth of market...

I would like to welcome a new client from the great state of Texas.

There are a few bigger, more prominent privately capitalized prop firms that will accommodate strategies other than day trading and HF trading strategies. If you can define your risk, and have a track record, then the firm principals are fine as long as you act professional and don't bug the...

You'd have more control and flexibility over your capital in terms of cutting losses and taking profits in terms of trading the spread between live cattle futures and corn futures in lieu of the care and feeding of live animals. Especially at your age - that's not an investment, it's a HUGE...

If you've been a client of mine, ( and the firm clearly knows we are swing trading ), then by all means please ask that question when they fly you in and expense your hotel, meals, and taxi during the interview process.

Prop futures deals are very much different than equity prop deals in terms of structure and who's capital is at risk. Since 100% of a prop futures firm's capital is at risk, and by exchange rules the trader is an employee of the firm and that trader's own personal capital is NOT at risk - I...

Former clients with a track record, even a very modest one in terms of account capitalization, and who are looking for a proprietary trading firm futures or options trader position using only the firm's capital for risk and who are willing to relocate to Chicago should privately PM me or email...

It's the bid / ask spread. You will almost never be able to buy a bid in one product and sell an offer in another product using an Auto Spreader. In order to get filled using an Auto Spreader and actually even an exchange traded spread, the market will have to trade through you, if even from a...

Hey, the CME has an accelerated ROI schedule on that Nymex purchase.... Most guys in your situation lease a seat for Member rates in Nymex.

I would think that ECN infrastructure would trump all other concerns.

http://www.cmegroup.com/trading/interest-rates/files/ics-ratios-2015-09.pdf

Since the June CBOT Treasury expiry is slowly sneaking up on us, I thought I would provide a link for the Sept implied treasury spread ICS ratios. http://www.cmegroup.com/trading/interest-rates/files/ics-ratios-2015-09.pdf

My sense is that the OP wants some portability for his strategy in terms of employment with other proprietary trading firms that have better ECN infrastructure and technology support.

At that time of trade entry, there were a few NG calendar pair spreads that fit our model and rules set in terms of a good entry - but this particular spread combination offered a slightly better risk / reward profile as I recall.

Curious souls who are at an introductory and developmental stage should not be hiring anyone. My premise stands. In terms of my own business model, I only take experienced traders, and clients who are willing to put in the work do well and become future references. For an experienced trader...

Some enterprising soul should post the County Assessor's Property Tax Bill from 2014....

I thought I would post some exchange information on implied spread pricing and spread order matching algorithms. https://www.theice.com/publicdocs/technology/Additional_Implieds_FAQ.pdf http://www.cmegroup.com/confluence/display/EPICSANDBOX/Implied+Orders...

The exchange will either match firm outright liquidity, or elements from other spread orders ( crosses ), or block trades, or even confirmed RFQ's. Yes, for the more liquid futures the implied pricing DOM looks substantially different than the naked outright DOM. Especially for highly liquid...