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Is your question-Do I join a prop firm where I risk my capital 1st to get excess leverage or continue to use my own funds? If that is the question, what benefit would you be looking for at a prop firm?

. Correct. No future pays interest. Embedded in the price of every future is the cost to carry the cash product until expiration. In the case of index futures, interest and dividend flows, but you do not get paid them. You can go out and buy a basket of stocks and short the future or the...

Not once. We do not custody funds, Wedbush does. Traders choose us because we are a small broker that targets active trader with great platforms and support. We are not an online self clearing broker with millions of accounts looking to add assets l. Our clients leave those online brokers for...

What introducing broker provides their total AUM of their clients? We do not custody. And, we don’t take Canadian clients.

IMO, Philly is an option exchange that get a large number of customer orders because of fee caps an generally no maker/taker fees on customer orders. (They charge for taking liquidity on SPY orders) I would say CBOE and Philly get the most.

If you are asking how much in customer assets we as an introducing broker have in customer accounts, I do not know that. I know what my clients total, but I can't share that.

$3600 is Maintenance Margin. $3960 is Initial.

This is my simple advise when it comes to these services, do not pay for them or follow them. If you choose not to develop your own trading "system", either become an investor and buy indexes through dollar cost averaging or pay a professional to manage your money like a CTA or hedge fund if you...

Futures pay no interest in the same way as options pay no interest. Futures are a derivative of the deliverable symbol, in this case a 10 year note. The idea is to get the Bond at expiration at a price or hedge the changes in price, or speculate on the change in value at the date and price you...

Correct. You just need liquidating equity of more than the SPAN margin requirement. Notional value of the delivered future is not relevant. In equities, you need to buy the stock, deliver cash for the security on the settlement date, so you need to have the money in the account or borrow it...

https://www.cmegroup.com/clearing/risk-management/historical-margins.html File too big to post.

$10mm in 10-year notes, contract size $100,000, would require 100 ZN futures, margin is $1265/future or $126,500 for 100 to control $10mm in 10-year notes. https://www.cmegroup.com/trading/interest-rates/us-treasury/10-year-us-treasury-note_contract_specifications.html Check this out-...

Bond Futures are forward contracts to buy/sell the bond on the expiration date. There is not current interest paid or adjusted for. You are betting on future rates/prices. And, you do not put up part of the purchase price like a margin transactions in equity. The margin represents a Performance...

I encourage you to read my bio. I was a floor member on the Amex from 1983 to 2010 and toward the later years a floor official enforcing the rules of the exchange. I understand why it was created and was there when it happened.

I’m familiar with linkage. It was created to stop locked markets.

Not sure. I think it does on that exchange but maybe not when the NBBO are on different exchanges.

No, but having an active regulator saying no from time to time helps.

No. Directing order flow to be handled by a DMM is normal business with options markets. If I'm your broker and take the other side of your trade, that is internalizing, like what IB did before they sold Timberhill. I'm a big fan of the CME model, but on some symbols they compete with ICE...

E.g. Option market 1.00x1.10. You place your bid for 10 at 1.02 on the CBOE. New market, 1.02x1.10. Now a sell order comes in. You have time and best price on your side on the CBOE. An order at Morgan Stanley to sell 50 calls gets sent to the MM they use for their DMM and they buy 50 at 1.02 on...

Why is it the best?