Dextor, We are talking about Robert Morse, a very frequent contributor to these forums. He works with Lightspeed, an introducing broker to Wedbush. He will be able to answer all your questions. We were joking a bit as he seems to be on the forums at all times of day and hadn't answered your questions yet. But I am confident he will soon.
Looking for an IB for Wedbush / well capitalized firm for trading futures
- Thread starter dextor
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Dextor, We are talking about Robert Morse, a very frequent contributor to these forums. He works with Lightspeed, an introducing broker to Wedbush. He will be able to answer all your questions. We were joking a bit as he seems to be on the forums at all times of day and hadn't answered your questions yet. But I am confident he will soon.
I'm not leaving Interactive broker... just transferring majority of the cash from there.
Planning to get ETFs later
Main reasons:
1) To take advantage of margins for trading exchange traded spreads
2) Execution of synthetic / spread orders seems to be lagging for futures, am exploring other tools, but it does not work with Interactive broker, e.g. TT / CQG / CTS T4 etc. Closing the trade for synthetic spreads seems clunky on Interactive broker
Now that I think about it, I might trade options from Interactive broker and futures on this new account.
Bob is legit and great firms. took most cash from IB ...Lightspeed and Wedbush very happy.
and yeah, nothing but exchange spreader here. good luck
Robert Morse
Sponsor
Robert Morse
Sponsor
Hi Dextor,
My name is Robert Morse and I’m with Lightspeed Institutional. We are Introducing Brokers to Wedbush Securities and provide a variety of solutions for small and medium-sized Hedge Funds, CTAs, CPOs, Trading Groups and Active Traders.
Responses to you 6 questions.
1) Yes, we are IBs to Wedbush Securities, Wedbush Futures and Interactive Brokers.
2) For Futures, $25,000 USD, For Wedbush Securities, $10,000 for Web trader and $25,000 for DMA platforms.
3) We offer options on Futures on CQG, CTS T4 and CME DIRECT-as a short list. The rest of the list is attached.
4) That is up to you. The online process is fast and often has follow up questions. I have has accounts open in one day. https://portal.wedbushfutures.com/App/Register.aspx?brokerid=22
Anyone that goes though this, should send me an email directly so I can follow up. The faster you get us what you need, the faster we get you open.
5) You can wire money from any other broker as long as the accounts are in the same name and SS#/EIN#.
6) We do NOT offer futures in the "Asian region". We focus on US listed exchanges.
Email me your contact information if you want to talk to me Monday.
Bob
Robert Morse
Sponsor
1) Wedbush Futures offer SPAN margin with CME offsetsI'm not leaving Interactive broker... just transferring majority of the cash from there.
Planning to get ETFs later
Main reasons:
1) To take advantage of margins for trading exchange traded spreads
2) Execution of synthetic / spread orders seems to be lagging for futures, am exploring other tools, but it does not work with Interactive broker, e.g. TT / CQG / CTS T4 etc. Closing the trade for synthetic spreads seems clunky on Interactive broker
Now that I think about it, I might trade options from Interactive broker and futures on this new account.
2) We offer TT/CQG/CTS T4
We also offer Real Tick, but not for options. That software has our lowest per future cost.
Bob
Robert Morse
Sponsor
They are both excellent FCMs.
MattZ
Sponsor
I appreciate the mention.
We offer Wedbush, and can help you with the right technology set up.
Also, we can find an arrangement for Asian markets.
I do my best to minimize cost and recommend software and FCM based on your trading method, volume and day trading margin requirements.Also, every software may have certain strengths and weaknesses that are not always seen unless you trading real funds.
Let's explore what you need specifically and I would recommend (objectively) what software is best suited for you. Please PM me and lets start a dialogue.
Thank you Robert & Mattz for your replies.
I am under capitalized if I have to pull out 25k USD from my bank roll and interactive brokers to put into WedBush. I was looking at somewhere above 10k USD in Interactive and another 10k in another account. I may have to reevaluate other options if that is the case.
I am under capitalized if I have to pull out 25k USD from my bank roll and interactive brokers to put into WedBush. I was looking at somewhere above 10k USD in Interactive and another 10k in another account. I may have to reevaluate other options if that is the case.
There is no need for an Intro Broker to CRS/Wedbush... just reach out directly...
https://portal.wedbushfutures.com/App/Register.aspx?brokerid=1