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Those warnings were annoying. I traded very few financials but did some a/b pairs trades in non bank stocks. One leg of the pair was very illiquid with wide market. Even a small buy in on the open could cost me $0.50 a share from wide markets when I was only looking to make $0.05 to $0.10 on...

Monthly is typical.

Try Bigcharts.com

earnings.com is very nice. The also offer the ability to hear conference calls.

I agree with most of what DEF says except the two of us disagree over the statement that IB 'doesn't prop trade.' Either way there is no perfect Prime Broker for everyone. IB has a target market and fills that segment well. We offer Penson and ML Pro. They have an offering to fit their target...

I don't know what his needs are, I never spoke to him. We offer customer portfolio margin. Many of the Brokers that offer CPM under $5MM, are small online firms that clear through other Prime Brokers like Penson. CPM is very difficult to implement so very few prime brokers offer it. Can you...

BTW, one other thing about ML Pro. They won't just take any account like other firms. We have to get a copy of a prospective clients current portfolio and present it to the risk department with an estimate of the AUM for the account. They then decide if the risk is acceptable. Only then can we...

ML Edge is a retail product that we don't offer. What we offer is ML Professional that is a division of B of A Merrill Lynch designed to service the needs of Broker Dealers, Hedge Funds and Professional traders. ML Pro does not offer IRAs or Reg-T accounts. They offer Prime Brokerage Services to...

I also believe ML is a excellent place to run a trading business. Though our Introducing Broker relationship we can offer access to BofA Merrill Lynch Global Research, access to one of the top securities lending franchises in the business and one of the few large Investment banks to offer...

Yes. The definition of non professional is a non broker dealer with an account in your name. Once you use an entity like a LLC or LP etc, you're considered an institutional account and pay professional data rates. Bob

A broker dealer prop set up is referred to as a Joint Back Office. JBO requires a BD which will cost around 50k and 3 to 6 months to set up. Minimum Captal of $1m and a prime broker willing to enter into a JBO relationship with you. Then you have all the regulatory stuff. Expensive to operate...

You can see some information from their FCM reports: http://www.cftc.gov/ucm/groups/public/@financialdataforfcms/documents/file/fcmdata0212.pdf Bob

Some of these I would prefer to discuss over the phone or in person. We are a small broker dealer that services the accounts of Hedge Funds, Trading Groups and Active traders. We only offer an institutional service, so each account must have an entity like a LLC or LP. We are the single...

separately managed account. Instead of one account normally an LP for a hedge fund, your clients can have their own account with you having trading rights. At some point you have to become an RIA, but not for a few accounts. You don't need an audit or a third party admin. No one will give you...

Under some circumstances we can introduce you to and service your account at B of A Merrill Lynch with an account over $500K. Email me you contact information if you'd like to discuss it. Very few large Prime Brokers offer Customer Portfolio Margin under $5M. IB and ML are two of them. We...

If your hedge fund is friends and family that might do. If your raising money from strangers, you'll need a third party administrator. Send me an email with your contact information and a description of the HF and I'll recommend one. You might also need a yearly audit from a different party...

Why eat....Can't you live with family in the basement?

What are you looking to do?

There are some firms out there that specialize in being custodians for IRA's. They allow you to invest your IRA in an LP or hedge fund. Understand two things. Hedge fund trading is not always appropriate for trading retirement money. Also, monies earned from this type of investment might be...

That depends on the size of your account. You won't likely get offsets for most pairs in Customer Portfolio Margin. However, we offer Knight Direct which has an excellent pairs trader. Bob