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  1. rmorse

    Starting my own hedge fund

    Any account of any entity requires paying for pro data. We all hate fees,but to be honest, while running a business, these fees a quite small. Btw, if you have an individual account at an FCM and you lease a membership, you might not lose your non-pro exception. I'm just not sure.
  2. rmorse

    Starting my own hedge fund

    Not for a small hedge fund. To do SMA, you might have to register as a RIA.
  3. rmorse

    Starting my own hedge fund

    If it me or someone else, the economics of a hedge fund don't work with that little AUM. You should start with Separately managed accounts (SMA) where you cost are much lower.And yes, the minimums at each of our relationships are higher than that. Our clients are mostly domestic and trade US...
  4. rmorse

    Starting my own hedge fund

    I work for Victor Securities. We are a sponsor of ET. Check out our website. We offer an institutional business. Our clients are hedge funds, trading groups, active traders, CTAs and RIAs.
  5. rmorse

    Starting my own hedge fund

    In general there are two sides to this. You need to establish a trading strategy and verifiable track record that is marketable. Then after or concurrently, you'll need to start a business. The business side of the hedge fund will include at a minimum: -Lawyer (establish your GP, LP, investment...
  6. rmorse

    Recommended Brokers

    Good question RobertG. It also helps to know: -Size of your account -Do you need Portfolio Margin -Average monthly volume -Average order size(Some brokers have ticket fees) -How important is customer support to you Unfortunate, the answers to some questions might bring a few more questions. In...
  7. rmorse

    Starting my own hedge fund

    I'm not sure you need to take any exam to start a hedge fund and what makes you think you would then avoid paying commissions? I have a few hedge fund clients, they pay commissions. When I was a member of the American Stock Exchange (A Broker Dealer), I paid commissions. Only self-clearing...
  8. rmorse

    For those who own a trading corporation, how do you track "income"?

    We offer our clients a basic version of Nirvana Solution for free. It provides, in addition to other features, P&L reporting.
  9. rmorse

    Long-Only Options Approval Without Trading Experience?

    The only option test I've ever seen is for a customer portfolio margin account. You sound you are talking about a cash account with option approval. You get an option agreement that you must sign. If they ask questions about your trading experience it would be for their "know your customer"...
  10. rmorse

    How to raise capital for a Hedge Fund?

    Yes, it all starts with your track record. A verifiable track record is normally fine to start (Having the ability to print out monthly statements from the clearing firm that can't be altered). I would not spend money on an audit unless investors demand it. Then most managers, that don't know if...
  11. rmorse

    Prop Firm Proposal

    The 1 year lock up is a legal requirement if they use your capital toward their trading capital. (In the USA).
  12. rmorse

    I need to find broker while living overseas

    I sent you a PM.
  13. rmorse

    Direct feed vs FCMs feeds

    Most hosting IT firms can produce that metric for you.
  14. rmorse

    Large Trader Registration

    The process is in the same document. Just take it slow and go step by step. Section 2. Form 13H Question 2.1: How do I access Form 13H? Answer: Form 13H is an online web-based electronic form available only to persons with EDGAR access. For reference purposes, a paper copy of the form can be...
  15. rmorse

    Large Trader Registration

    Are you trading a lot of volume in high priced equities like SPY or Google? https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm Question 1.3: How are options calculated for purposes of the identifying activity level? Answer: As provided in Rule 13h-1(a)(7), the identifying activity...
  16. rmorse

    FXI

    I have found this to be true. And if the OTM credit spread expires OTM, you are good. If the ITM spread goes out with any part ITM, you have to do something or pay an additional fee for exercise and assignment.
  17. rmorse

    FXI

    I don't normally post any charts, but WOW. This is a weekly chart of FXI.
  18. rmorse

    Quit Corporate Job to become Options Trader Full-Time. Need Professional Advice.

    To be honest, I view trading as a business. Going into any business under funded sets you up for failure. I don't think it's a good idea to go down this path with only $10K. Good luck...Bob
  19. rmorse

    Question about IPO first trading day at the open

    Then anyone can be included in the open.
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