Leaving IB - where to go??

P

PBateman7

I have been with IB for a few years. The service, and fills are getting worse and worse. I need to be able to call into a trade desk and talk to a real rep. The platform and fills are killing me lately im missing out on good trades. Im mostly equities with some options every now and then.

Any thoughts on what firms I should head over to and check out? I have been with IB for a while so I'm not sure who has what i really need.

Im not looking for a schwab or etrade. i need a real trading firm. short book would be important. I am retail and want to keep it that way, i like knowing my cash is SIPC just in case. Any ideas or thoughts would be a real help.

thanks.

PB
 
also, i need pure DMA i dont want my orders matched off internally. The system should be pretty customizable and execution quality is essential. as well as cost but im pretty active so that shouldnt be a problem from what i am seeing

thanks for any help you can give me. i see some options out there but am not sure which way to go.
 
For the record, this post on ET has a large list of pro and semi-pro brokerages, some of which are no longer in business:

Quote from timcar:

Who needs to PM you here is one list to review:

ABN AMRO ADM Investor Services Alaris Trading Altegris Investments Banc of America Securities
Barclays Capital Beverly Hills Capital BMO Capital Markets BNP Paribas Brewin Dolphin
BTIG Carlin Financial Caylon Financial CIBC World Markets Citi AI
CL King Concept Capital Conifer Securities Credit Suisse Currenex Inc.
Cuttone & Co. Davis Securities LLC Deutsche Bank Dundee Securities Corp. E. Larkin Company
Electronic Brokerage Systems Etech Securities Fidelity Prime Services Fimat International Banque SA First Clearing LLC
First Southwest Co. Fortis Prime Services Garwood Securities Goldman Sachs Prime Services Grace Financial
Greenwich Prime Services Interactive Brokers Inventure Growth Securities Investec Prime Services ITG Inc.
Jefferies & Co. Jesup & Lamont JP Morgan KBC Clearing Legent Clearing LLC
Lek Securities Lighthouse Prime Services LPL Financial Services Marex Financial Merlin Securities
Merrill Lynch Prime Services Mesirow Financial MF Global Morgan Stanley MS Howells & Co.
MVP Financial LLC National BankFinancial Natixis Bleichroeder Neuberger / Berman Prime NewEdge Group
Nomura Prime Services Nordea Prime Services Northpoint Trading Partners Northern Trust Prime Services Numis Prime Services
Penson Worldwide Inc. Pershing Prime Brokerage Piper Jaffray Prime Brokerage ProTrade Financial Prudential Bache
Raymond James & Assoc. Inc. RBC Capital Markets RBC Correspondant Services RBC Deixa Services RBS Prime Brokerage
RCM Prime Services Ridge Clearing Solutions S3 Asset Management Sanford C. Bernstein Co. Saratoga Prime Services
Scotia Capital SEB Prime Services Shoreline Trading Group Silver Q Partners SIP Prime Brokerage
Sloan Securites Prime services Southwest Securities Sterne Agee Clearing Inc. TD Securites Prime Brokerage Terra Nova Financial
Trade Desk America Trading Screen Inc. Trance Consulting Services Triad Securities UBS Prime Brokerage
Vanthedge Point Group Wedbush Morgan Securities Ziv Investments
More...
 
I am more of an intraday trader. i dont usually hold overnights. TD at 8 bucks a trade isnt going to cut it. i need a per share pricing structure. i do about 2 million a month in volume. cant make $$ at a TD on a per trade rate like that. Not the way i trade. im not looking for a schwab or TD or one of those types of brokers, i need something with real quality execution and a good short book. those places are mostly all fluff. so far i have come accross trade station, mb, and lightspeed
 
speed trader uses DAS right? ive heard mixed reviews about that software. i dont know much about lightspeed i will check them out. does anyone use them? let me know what you think if you do. i looked at a few others today as well. eliminated MB.
 
what do you trade? trade station is who i was going to look at next. and probably lightspeed too. is trade station for more automated trading and program trading?

Quote from Swan Noir:

I don't trade equities but I hear that Trade Station is worth a careful look.
More...
 
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