Search results

We also offer ML Pro. Contact me directly to go over our requirements to see if we have a good fit. Bob

The position's profit would be based on the direction of the stock. You're betting the stock does not go down. If it goes below the strike, you'll lose money. You'll receive a similar profit/loss by selling the same strike but using a naked put. Then, after the current put is about to expire...

Trading is a very entrepreneurial type of business. Even through you might have traded in a firm's prop account, it's more akin to running you own business under some one else's umbrella. The skills you've learned as a trader are not portable to any other business. So, if you were not able to...

This information will not fit everyone. If your currently at Penson (or any other firm) and would like an Introducing Broker to service your account, we also offer Merrill Lynch Professional. ML Pro is very particular as to the accounts they accept. We can only offer Customer Portfolio Margin...

If your still part of the millions that lost their jobs recently, the old recession has not ended yet. Current underemployment data does not take into account those that have given up, retired young because they could not find a job or the vast number of graduating college students that either...

I can only tell you the process on the NYSE and NASDAQ. Orders entered to these exchanges prior to the opening, enter a sort of auction process. EVERYONE entitled to the opening price will receive the same price. The size of your order does not change that. 10 shares or 10M shares get the same...

It would be very expensive and have no value. I've never heard of anyone asking for audited simulated trading.

SELECTED FCM FINANCIAL DATA AS OF February 29, 2012 FROM REPORTS FILED BY April 1, 2012 Penson is #83.

No, I was responding to your comment about what they said. You can as long as they are not the same option or spread, according to the exchanges. I can't speak for your broker.

You can't make two sided markets as "customer" on most option exchanges. (You can open/close, but not open/open) That does not sound like what your were doing. Bob

Some more facts from their last quarter earning report..(Which was a large loss) "Penson Financial Services, Inc., the Company’s US subsidiary and its largest, ended the third quarter with a total of $185 million of net capital, more than five times the minimum requirement. It also reduced...

It was not my intention to defend Penson or my firm, just provide information. In this thread, the question was why do traders and broker dealers do business with a firm who's stock is preforming poorly? I'm telling you there are over 320 Correspondents with thousands of accounts that rely on...

We were not discussing rates. This discussion was about why use Penson? You can receive competitive rates at many firms for appropriate volume. Rates are only one factor. We are also Introducing Brokers to Interactive Brokers. Their risk premium is higher in many ways than Penson. If you require...

If two assets don't have a correlation, the pair has no strategy of value to you. Bob

Futures is not the issue. Anyone can get leverage with futures and open small accounts. I'm talking about CPM accounts. Leveraged equity and option accounts. Most Prime Brokers don't offer CPM, and the ones that do, don't want to bother with accounts under $5MM because they require more work and...

We are able to offer our clients a good transactional model with reasonable risk assumptions, for account under $5MM, which NO other firm will do. We have had clients say, "I don't want Penson", then have an issue at another firm, and open an account with Penson and are happy there. Other...

It's has less risk in a separate customer account in your name or the name of your entity. This would be covered by SIPC and not have the risk of commingling with other traders that you might not even know.

FX funds are a separate account that is not a futures account. Futures accounts are segregated. If there is a bankruptcy, all FX clients would become creditors. Counter party risk is a different issue. Each time you enter into an FX transaction, your FCM becomes the counter party on all your...

Like any partnership, if the trader is an investor and part of the LLC operating agreement, they are either a limited or general partner. If not, they are an employee or can be an outside side party hired to do a job and paid by 1099 not w2. You need a good attorney to address the structure you...

You should receive those rebates/fees from DMA routes at most brokers. Bob