Elocal's J-trader

[FX-Trader]

Does this mean they use their own servers and use RCG only for clearing ? Why don´t they use RCG´s servers ?

 

[virgin]

Yes, they use their own servers and clear
trough RCG.

 

[stevet]

elocal is owned by RCG - so effectivly they are the same thing - the servers should be RCGs though - so that any IB which uses RCG would go through them - or is this not the case? - i would be pretty pissed off if i was another IB and elocal was given priority - so i dont think that can be the case?

 

[stevet]

vulture

it does not matter how low commisions are - and i personally believe that in a few years - you will look back and be amazed that anyone payed $10 - but anyway - the level of their profits is not the point - the fact is that they take clients - when they know their equipment is not up to it - and the whole point of paying more than Interactive Brokers cost - is that you are meant to get a 100% service - which elocal did not provide - but the people who lose are the clients - as they may get screwed in trades

commisions are a factor in a traders bottom line - but so are technical problems - they are a real cost as well which has to be factored in - so this is an important consideration

 

[MarkHyman]

Advanced Futures offers the J-Trader(patsystems)
The clearing firms that I work with offer great service
and are always working on ways to improve their
technology to handle any problem.

 

[stevet]

what are the specific clearing firms?

 

[MarkHyman]

Advanced Futures clearing firms:
Goldenberg, Hehmeyer & Co. (www.ghco.com)
GNI Inc. (www.gniinc.com)
Gelber Group(www.gelbergroup.com)

 

[stevet]

and how do you decide which one to apply to an account

 

[Xenia]

Is TMG still owned by RCG after elocal merged with TM ?

The new TMG seems to clear thru TransAct Futures now.

www.trademaven.com/tm_pages/history.html

www.trademaven.com/gettingstarted.html (account docs)

 

[NickBarings]

Where do you get the info that Elocal is owned by RCG ?