Any reason to worry about our own broker?

[blackjack007]

Quote from tds551:

Ib is directly created by Timber Hill. One of the worlds largest and most successful OPtion Market Makers.

If Anything, they have a better understanding of risk than 99% of street whores out there.

Their model makes Black Scholes look like a 4th grage project.

and the trading model used by ltcm probably makes th's look like a 6th grade project.

what's your point?

 

[MartinS]

what about Harris bank ?

Harris Trust and Savings Bank is the bank that RCG uses

 

[PitchBlack]

Quote from MartinS:

what about Harris bank ?

Harris Trust and Savings Bank is the bank that RCG uses

No one will ever have a 100% garantee.
Your money will always be safe until it is not safe anymore. But by the time you will know that it isn't safe anymore it will be too late. That logical no?
That's the way it goes everywhere, banks brokers, big companies, small companies, a friend you lend money to......


Conclusion: never put all your eggs in one basket.

Trade through several brokers. The possibility that they will all go broke is minimal.