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Goldman and the REDIPLUS Platform
- Thread starter TM1982
- Start date
Quote from nassau:
I know 100 Percent.... that these entities produce software specifically to manipulate the algorithums and will push the market to create margin calls in small accounts.
ie, cl is a good example. These entities will get alerts to let them know the accounts are x percent away from margin ie 5-10 you will receive a notice and then their algorithums are manipulate to push long or short to force out their clients positions especially just prior to 2 pm through 215-230.
I'll tell you a secret. If you are on the right side of the market this will not happen to you. It is suicidal to use your size to push a market the wrong way, and certainly not worth it to run a few retail stops.
(think about this - you get filled in size, you are wrong, you didn't work the order to get a decent price as you were trying to hit stops - you are now wrong, in size, from a terrible average price and the market will move against you - your covering will make it worse)
It will only be done when you are on the wrong side of the market, or your stop is too close. This puts it entirely in your control. Also, it is not a conspiracy. If you are wrong or you leave your stop in a silly place you are asking for it. Your platform and clearing relationships should have nothing to do with it.
Quote from drp7804:
All,
How is it possible to get a REDIPlus account? I'm currently just an individual investor... I wrote GS and they said:
"Thank you for your inquiry. REDIPlus is only available for institutional traders, we do not offer services to individual investors."
So, down the road, if I become a "business entity" (like an LLC, S-corp, etc), maybe I can get a REDIPlus account?
Maybe the real question is: Is an "institutional investor" defined as an investor who files his/her taxes as a business entity... or is it defined as an investor who simply has a whole lot of capital to move around.... or a combination of both? Maybe it depends who you ask.
No, it means you are set up as an institution - in terms of legal structure, accounting, back office etc. There will be capital minimums etc, but the point is that you are not set up as an institution. Becoming an LLC makes you as much of a financial institution as the local taco bell franchise.