Search results

A lot of it is psychological, 0 to .0002 per share is out there, but there will almost certainly be some variation of a profit split, misc monthly fees (desk charge, administrative fee etc) or in some cases additional or marked up transaction costs. But all firms whether they are broker...

Probably not enough for Sungard, they probably just dont want to deal with any of the headaches that the prop business brings and with volume down and some losses in the internal backed prop business Assent got into I guess Sungard just wanted out. Not sure why they didnt sell the whole...

They are a pretty good firm from what I hear, CBSX broker dealer that has floor in NY, Boston and one out in LA I believe. They offer Anvil to trade on.

No touting, shilling or pumping, just curious because I may be missing something.....where does it say that PTG Securities or Tao Capital Partners are clearing through or part of Coastal, I don't know maybe they are but I still dont see that connection.

I think thats the problem with how some people trying to build their own groups through broker dealers can hurt the name of the overall broker dealer. I bet that you could probably for good or bad find 5 different deals through coastal or dimension, assent etc if you spoke to 5 different people...

As you can see in previous posts, I know some of these guys, so feel free label me what you will. Everyone should look into any firm they might want to do business with by getting in touch with that firm and then seeing if it makes sense for them and making a decision. Also, why would T3 be...

If you are at a firm that has decent options access you should be able to route to any options exchange...cboe, ise, amex etc. Though it seems some BD's that some propfirms use for software are limited to only specialized routes such as Citi's route for example, but these arent really firms...

And though everyone is looking for the firms that give out crazy leverage, one very important thing if you need to leave more capital in the account is to make sure that the risk management of the firm is good. This may sound simple but solid firm risk controls for all accounts will only help...

Many prop traders have other retail accounts. I think that the answer is still as little as you possibly can with still getting what you need. What does it matter whether someone that trades a little smaller tells you 2-3k and someone else that needs more BP for intraday or does pairs or other...

I would imagine that a trader would obviously want to keep the minimum that they can in an account. The firm would probably want to make sure that the risk for the amount of BP they are giving out is covered. 2-3k if someone is only using 50-100k in BP and whose max losing day isnt more than a...

fwiw, I mentioned in a earlier post on this thread that I knew a few guys that had accounts there, I dont think for their manual biz though, but I think that for manual traders they offer people the ability to have their own branches and trade through them or trade remote. They are a regulated...

limitdown, what exactly do you see as the benefits of having a 7? I think that the only thing that isnt required is a 7 at the cbsx firms if they are doing things properly, all traders must have background checks, fill out a u4 and are subject to the same proprietary oversight with the only...

Win It All, just out of curiousity, what platform are you trading on?

If they plan on doing that by years end, thats a lot of work. From my understanding, CBSX firms currently arent set up to house licenses even if they wanted to. Maybe that will be the end result, that they will all need to be licensed, but by years end doesnt seem at all realistic, even as a...

Where are you colocated? There are ways to get colocated at the exchanges which would be about as close to the market as you can get for low latency.

NP, If I'm not mistaken it is an SEC rule and not an SRO ie:finra or cbsx etc rule. I know that firms like assent do lock up any capital contributed in most cases when you trade in their prop account. I am not 100% sure of how the capital is classified when it isnt locked up exactly and I'm...

and to answer your previous post, in that situation it is a retail account with regular 4-1 leverage so no capital is subject to a lock up. The lockup is only for proprietary.

It would depend on whats agreed upon between the bd and the trader. I imagine a lot of it would depend on the amount of bp that the trader was using. Any capital that isnt locked up and therefore cant be used for bp purposes by the firm needs to be supported for that trader by the firm. I'm...

fwiw, In a prop firm, meaning a proprietary account of a broker-dealer, whether a finra bd trading with s7 and other licenses OR a cbsx bd trading without those licenses, capital contributions are subject to a 1 year lock up of that capital. Some firms have the option in certain cases of...

FWIW, Getting an offer from someone at Assent, Dimension, Coastal, Hold etc doesnt always mean that its directly from the firm. The deal that was quoted to you from the person you spoke to was a group manager or group leader working for the firm. They will differ depending on who you speak...