Bloomberg terminal?

Quote from sjfan:

Maybe. But you'd probably need to be levered (not sure what kind of financing agreement you can get for 10MM). Certainly, 10MM worth of trades a month will get you a pat on the back and a shove to the back of the line. And I would think the ability to negotiate an ISDA for a $10MM fund is probably impossible at this point.

Unless you are properly institutional, those relationships are not open to you.

But on the other hand, why would you want one? It's a giant pain in the a*s.
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Oh a few posts ago you just mentioned those relationships are juicy? :=)
 
Quote from ASusilovic:

You should also add what kind of asset class you mean when you are mentioning 10M. Forex, Equity, Derivatives (F&O), FI? Combined? :)
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I vaguely know that you are hinting about the notional sizes and AUM that are needed in order to generate meaningfully comparable economic returns of different asset classes are different...

But could you please elaborate more?
 
Not mutually exclusive: nice perks like dinner and client events on one hand, and a lot of crap on the other - just like any other broker/client relationship.

Why are you asking these questions?

Quote from mizhael:

Oh a few posts ago you just mentioned those relationships are juicy? :=)
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Quote from sjfan:

Not mutually exclusive: nice perks like dinner and client events on one hand, and a lot of crap on the other - just like any other broker/client relationship.

Why are you asking these questions?
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I'm not sure how to see these numbers ($10mm) in terms of the futures contracts I trade.... Can you put it in terms of monthly commissions? How much do these firms need to make from you before you're worth spoiling?
 
futures would be much much more; I'm not a futures guy so I don't know what the total amt that needs to be cleared or brokered before you are enough of an account to warrant coverage; I imagine you'd be at a size where your trades are regularly reportable as block sizes.

Being worth spoiling also means your trading is now facing so much institutional constraints (both legal/compliance, allocation, liquidity, etc) that you yarn for simpler times when you can just click a few buttons.

Quote from heech:

I'm not sure how to see these numbers ($10mm) in terms of the futures contracts I trade.... Can you put it in terms of monthly commissions? How much do these firms need to make from you before you're worth spoiling?
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Quote from sjfan:

futures would be much much more; I'm not a futures guy so I don't know what the total amt that needs to be cleared or brokered before you are enough of an account to warrant coverage; I imagine you'd be at a size where your trades are regularly reportable as block sizes.

Being worth spoiling also means your trading is now facing so much institutional constraints (both legal/compliance, allocation, liquidity, etc) that you yarn for simpler times when you can just click a few buttons.
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Right, that'd why I'm asking for commissions earned. I'm sure what they cate about is their bottom line, how much they're making off of your activity... What's a fair starter account in that sense? $50k a month?
 
No idea what it is for futures-only. In fact, I wouldn't be surprised if the sales-trader model no longer exists for liquid futures markets since there's really no longer any point.

Quote from heech:

Right, that'd why I'm asking for commissions earned. I'm sure what they cate about is their bottom line, how much they're making off of your activity... What's a fair starter account in that sense? $50k a month?
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I guess it's not all caviar and champagne in Bloomberg-land. I was very excited to find indicative variance swaps on BB from various firms, and was looking forward to hedging that aspect of my risk. I never had coverage previously (and had no idea how to get it)... so thought this was going to be my "in".

I request entitlement... a week or two of silence goes by... and then: entitlement denied!

So, F you, Morgan Stanley. F you too, BAML. If I ever manage to grow my business to the 9-digit range, you ain't ever getting a whiff of my business. ~sniff~
 
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