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I look closely at any client looking to raise money for a future hedge fund or to offer SMA, not the average account. I can tell you that in my futures account, I have allocated to two ES day-traders, not great so far. One I closed down in 2/2016 and one is down a little after 2 months. Not bad...

Series 57 is for proprietary trader of a broker dealer, trading for the firm account. Series 65 is for a RIA which make decisions for a public customer and charges a fee based on AUM or performance or both.

My approach to trading is to keep an open mind and allocate to what works. If someone shows me they can make consistent risk-adjusted profits from watching the cycle of the moon, I'm in. I don't really care where they get their edge. Bashing other's techniques, that work for them, is not...

NP...let's all know how you do at Rithmic. I have no current clients using them. I suggested my current client review the offering from Rithmic and CQG Continuum using CQG IC and their API. He choose CQG. Bob

I find this stuff hard to follow too. Look below. CQG set up the MD and provided a proposal including these numbers for that client.

To use the example of billionaires that made millions actively trading to get there, is not a great example. Both had teams of traders back in the day. The reason why I ask is simple. Most investors are long biased. Most investors make money over time but run into a few issues. They never...

Would you consider yourself more of an investor than an active trader?

galvinlee888, What is your strategy? Do you trade full time? Bob

I had known about the Eurex program that targets individual traders that are not automated. I did not know about the CME program. When you read those requirements, it seem to be the opposite of what Eurex is doing. The CME looks like they are targeting prop groups or Arcades, not individual traders.

Hah....just one!

What FCM do they introduce to?

You have to understand that you are not joining a prop firm and getting a customer accounts. You are joining a regulated industry and have a higher level of care in your dealing in the industry. As FINRA says, (http://www.finra.org/industry/series57) The Series 57 exam – the Securities Trader...

NYSE SIP A and B plus delivery of them is $9000/month. OPRA is $2000/month but there is an exemption for some. Nasdaq is $375. CME has non-display fees, but they are reasonable. I have a client that pays $170/exchange. https://www.cmegroup.com/market-data/distributor/files/schedule-5-2016.pdf

SEC rules, not IB policy: https://www.sec.gov/rules/final/2016/34-77874.pdf

I think you might want to review the "Landscape" created by the exchanges like the NYSE that charge non-display fees for automated traders where your overhead will be too large for all but the well funded...

You are basically asking if there is a forward contract on a forward contract. Why would you need that? You would be swapping one good faith deposit for another where one your counterparty is the exchange and the other is your broker.

If I could find your statement, I would not ask. I can't find any reference.

Can you reference an article online, where they say they are shutting down Timberhill? I can't find one.

1- the multiple for ES options is $50-it is listed on the CME website. 2-ES options come as monthly, weekly, end of month and wednesdays-your platfrom should provide days to expiration and you need to learn the symbology 3-ask your broker You are not ready to do your first trade yet.

Lightspeed Trader 101: Intro to the Platform Jan 24, 2017 4:30PM EST To enroll, click below. If you want a demo, email me, I'll take care of it. https://www.lightspeed.com/education/webinar-enrollment/?eventid=9140384577625816835