Quote from on the money:
I want to start a small Futures LLC with reduced rates, similar to a prop shop for futures traders trading remotely.
Money would not be deposited with me, it would be held by the clearing firm, but having negotiated low rates with the firm, I would pass savings on to my traders.
Something like 3.75 r/t, all in (excluding s/w) with no minimum volume, going to lower rates for high volumes. Even this base rate should be at least 1.50 r/t savings over retail brokers, with no difference in risk, software availability, or speed.
CONSTRUCTIVE feedback would be appreciated.
You'd be required to register as an IB of the firm you're clearing.
