Quote from opt789:
^What he said.
Give Bright and Echo a call and tell them exactly what you plan on doing and they will let you know what you be allowed to carry. Pay special attention to any interest charges (short, long, haircut, etc.) because those add up huge if you are holding size spread trades.
Thanks to you and lescor...will do. Didnt really want to go the licensing route, but it seems that may be the only way to go to get a solid firm. I'm not too concerned with interest charges, as I just trade intra-day.