Looking for a executing-broker that specializes in US micro and small caps

Databento said:
Still the same list of recommended non-bulge bracket PBs above. Besides that I forgot to name FC Stone, which also has very reasonable commissions.

A shameless plug: If you can afford to wait a bit, we (Databento) are about to launch historical and live data APIs for all lit US equities venues and non-lit, TRF venues, around May. We source directly from the prop feeds instead of the SIPs, meaning we expose odd lots, auction imbalance, and all book levels i.e. non-protected quotes for all traded securities. I can only think of 3-4 other ISVs that make it easy to access the prop feeds, but they generally do so through software licensing and leave it to you to set up the multicast feeds, whereas we are licensed for external redistribution and handle normalization; other normalized options I've seen just distribute the SIPs.
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looking forward to it
 
Databento said:
In no particular order, if you're avoiding PBs associated with bulge bracket banks, some options include Cowen (former Convergex), Jefferies, Clear Street, Rosenblatt Securities, WEX, Virtu (ITG). Most of which offer a combination of high-touch agency execution and low touch electronic execution. We're not affiliated with any of them.
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Thanks for the list, very interesting. What are the ballpark minimums for the mini-PBs?
 
buysellhold said:
Thanks for the list, very interesting. What are the ballpark minimums for the mini-PBs?
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Depends on the volume you can do, $250k to $1M.
 
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