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thank you

Yes if they are gone now. I can research after why they closed down

Yes, I'm old enough to have had a Rolodex. No more.

Does anyone have a list of closed prop firms from Chicago? Looking for more a list of JBO prop not traditional prop. Someone asked me to help compile this list. If you know of any, please post. If you know if they closed voluntary or by regulators, that would help too. Thank you.

Check out CQG for futures only and CTS if you also trade options.

You are entering into a business relationship with a regulated broker dealer where you put up your 1st loss money that is commingled with the firm and other capital partners. You are at risk for the firm losses but receive no benefit from the other traders. You only receive higher leverage than...

Well, that might be the issue. You can't expect one platform to provide the best experience for trading every asset class. And IB has made it very clear that they have no interest in offering the maximum leverage/minimum margin on any of their asset classes.

What futures platform are you using with them?

I have never looked at the numbers that closely. I only care what services they provide and that they have a stable capital base. You will see the Net capital increase soon as they are combining the securities operation with the FCM. I thing the capital might double. I find them excellent to...

Going to be hard to find those details. What do you hope to do with the results?

http://arbpairs.com/ Take a look at this. They connect to the Sterling and RediPlus API. We offer both.

I know that IB represents that and so do other online brokers, but all futures accounts must be a segregated futures account, not commingled with your securities account. They internally move the monies needed for futures margin. The securities account gets SIPC protection and the futures...

No not really. They FCM is expected to take steps to reduce risk to the system. The best way to do that is have them make a financial commitment.

We do business with FC Stone. They are a public company. http://ir.intlfcstone.com/ http://ir.intlfcstone.com/releasedetail.cfm?ReleaseID=911444&CompanyID=AMDA-MQNVA

Extra cash for counter party risk. With equity options, clearing firms have large deposits with the OCC for counter party risk. Your margin deposit is not enough to protect the system.

Yes, if directed to the primary market-NYSE or NASDAQ.

The CME require an FCM to put up 8% of your margin with their own capital. EG: Client Margin: $100,000 Client puts up $100,000 FCM: $8000 ------------- Some FCMs will finance margin for hedgers, not for speculators.

I can't imagine that FCMs share that number. For the most part, commission at most firms are negotiated and based on volume, risk, amount of time and effort the account will require and overnight positions(which require capital from the FCM). The highest I've heard of is $15/side for a manager...

The time to follow your dreams is when you are young and only responsible to yourself. If you don't burn bridges on the way out, you might be able to return if it does not works out.