Quote from Peternam:
www.deepdiscounttrading.com
Who they use for clearing ?
They use Crossland. One need to check the financial standing of the FCM holding the money.
October 2010
================================================================================
Terra Nova Financial -13.4%
Rosenthal Collins Group -14.0%
Mizuho Securities USA -14.2%
Deutsche Bank Securities -15.5%
MB Trading Futures -15.8%
Velocity Futures -16.0%
Santander Investment Securities -19.3%
Pioneer Futures -22.3%
Advanced Markets -22.6%
Instinet -24.0%
MF Global -25.8%
Alpari (US) -26.1%
Nomura Securities -33.9%
FX DirectDealer -34.8%
Forex Capital Markets -47.9%
Capital Market Services -60.7%
Crossland -60.8% ================================================================================
NOTE: A firmâs net capital requirement is the greater of: (1) $250,000,
(2) risk based capital requirement, the sum of 8% of total customer
risk maintenance margin and 4% of total noncustomer
risk maintenance margin; or (3) the amount of capital
required by a registered futures association; (4) for
securities brokers and dealers, the amount of net capital
required by Rule 15c3-1(a) of the Securities Exchange
Commission.
To contact the reporter on this story: Terry Barrett in Washington at
tbarrett1@bloomberg.net
To contact the editor responsible for this story: Alex Tanzi at
atanzi@bloomberg.net