Anyone use LivevolX?

[Brighton]

https://www.sec.gov/Archives/edgar/vprr/14/9999999997-14-005410

Page ten of the pdf above (or SEC EDGAR and look up livevol securities)
https://www.sec.gov/cgi-bin/browse-edgar?company=livevol&owner=exclude&action=getcompany

BTW, it's a loss of $375,000 not $375,000,000

 

[1245]

Can you use your existing ib account with livevolx? Does it support options on futures?

When an Introducing Broker bring business to IB, their clients can only do business that the Introducing broker is approved for. LiveVol Securities is not NFA approved, it says membership pending. So you can't trade futures and be their client. http://www.nfa.futures.org/basicnet/Details.aspx?entityid=/0p48R1Ez+s=&rn=Y

 

[KeLo]

edit: I corrected my error to a loss of $375.5k Sorry about that. That was a huge error on my part.

 

[1245]

The platform sounds great ferrycorsten. But what about LiveVol losing $375 million last year according to their their audited annual financial statement? How safe is the account if they have a claim on it because it is a margin account (even though it is deposited with IB)?

edit: I corrected my error to a loss of $375.5k Sorry about that. That was a huge error on my part.

It's just money!

 

[xandman]

Thanks for the links, guys.

A big negative being an IB, even though you pay all the normal IBKR data charges. You will not have subscription access to products that LVX doesn't trade. Additionally, IBKR paper trading accounts default to the original settings of the master account.

For now, I'll have to split margin dollars and data subs between 2 unlinkable accounts under the same clearing firm.

 

[xandman]

Additionally features released yesterday, you won't find it in the product website yet. These guys will kill it if they get Futures Options on this platform. Hopefully, I'll be grandfathered.

Images from the documentation.

.

 

[Whistlingleaf]

Just fyi - the money goes to IB. So I don't think you have to worry about LiveVol closing shop as you technically have an IB account. (One can login on TWS and IB's Webtrader although you can't make trades on them with just a LiveVol account.)

LVX (trading platform) has some oddities I really wish they'd fix, but I really really LOVE the ProScanner. I can't imagine life without the ProScanner now.

 

[MRE]

Curious...is there currently anything similar for futures options?