Interactive Brokers for CTAs?

Quote from heech:

The managed account I wanted to partly execute thru IB is > $1mm, and my fund is even larger. And they still won't do it. I kinda feel like they just don't want to put in the back office to enable this, period.

And all at the same time, they out of the blue are harassing me to validate my mailing address (after.. 2 years?). I think its time to close the account, since it's no longer usable anyways.
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Heech I think I told you multicharts will do this but the right broker for what you need is pfg's leader follower account.

Btw, AON or market orders is the only type of order you should be using.
 
Quote from caementarius:

I see some ways that IB is less friendly for CTAs -- what are the best firms for a startup CTA in your opinion?
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I think you have to figure out what you're looking for....

- low rates,
- customer service,
- capital introduction.

Depending on what you're doing, some of the above will be more important than others. No one will give you all 3. Heck, many won't even give you ONE of the three.
 
Quote from heech:

I think you have to figure out what you're looking for....

- low rates,
- customer service,
- capital introduction.

Depending on what you're doing, some of the above will be more important than others. No one will give you all 3. Heck, many won't even give you ONE of the three.
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Thanks - good point.

No clients yet, no marketable track record, still writing up ddocs - thus far I'm with IB because of #1. I trade intraday about 15k-25k RT per $1M annually - so commish is key.

IB is simple to set up and I figured maybe I would use them for friends & family stage just establishing a record.
 
Quote from caementarius:

Thanks - good point.

No clients yet, no marketable track record, still writing up ddocs - thus far I'm with IB because of #1. I trade intraday about 15k-25k RT per $1M annually - so commish is key.

IB is simple to set up and I figured maybe I would use them for friends & family stage just establishing a record.
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Yea, I'd focus on rates too. IB is in someways easier to work with.... They give you a lot of tools in lieu of service.

You can also look into Advantage.
 
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