Brokers that are not into re-hypothecate stuff.

Quote from billsafari:

Global futures does not engage in proprietory trading either.
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That would be great if they were self-clearing. They're not.

A large portion of a clearing BD earnings are going to come from the repo market. The sad fact is that it's legal to do so with client funds.
 
Quote from atticus:

That would be great if they were self-clearing. They're not.
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True. I clear thru AMP and I believe they don't trade for themselves either. One just has to get past their horrible customer service.
 
Quote from billsafari:

Global futures does not engage in proprietory trading either.
More...


Global Futures is not a clearing firm which means your money is not with them. Was MF one of their clearers?

You are worried about re-hypothecation but not with a firm that is advertising $300 day intra-day margin?

Please pass me the cool-aid that you're drinking !
 
Quote from billsafari:

True. I clear thru AMP and I believe they don't trade for themselves either. One just has to get past their horrible customer service.
More...

You are worried about re-hypothecation but not with a firm that is advertising $500 account minimums and $400 day intra-day margin?

Please pass me the cool-aid that you're drinking !
 
Also, those intraday margins are only for the first 25-50 contracts then the margins go up to 1k and so on, pending on who you go with.
 
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