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open ecry or infinity futures
- Thread starter STEERAM
- Start date
Quote from STEERAM:
Anyone have good or bad to say about open ecry or infinity futures. I do like the OEC software and the fact that charts and exhcnages are free.
The question as posed asks only about the knowledge and expertise of the broker or representative employed by the brokerage house, OEC or Infinity.
On that account, using a 1-5 scale, the higher the better, OEC=4, Infinity=5.
At Infinity, your "rep" is a broker. In my experience, the Infinity broker staff is top-notch. At OEC, your "rep" may or may not be a broker, but in all cases, in my experience, OEC reps are multi-faceted as opposed to expert.
Your question should be; "who offers clearing (instruments), software, and fees conducive for my trading?" OEC clears though Rand, RJ O'brien, and Triland. You can't choose. Infinity offers clearing through RCG, Man, and Transact. Platform choice determines. On this account, using the 1-5 scale from before, based on my experience with these clearing FCMs, Rand=5, RJO=5, Triland=N/A, RCG=5, Man=3, Transact=5
Always check the most recent FCM financials:
http://www.cftc.gov/tm/tmfcm.htm
Always check for RECENT compliance issues:
http://www.nfa.futures.org/basicnet/
Care to elaborate on why you would rate MAN at 3?Quote from tiddlywinks:
Your question should be; "who offers clearing (instruments), software, and fees conducive for my trading?" OEC clears though Rand, RJ O'brien, and Triland. You can't choose. Infinity offers clearing through RCG, Man, and Transact. Platform choice determines. On this account, using the 1-5 scale from before, based on my experience with these clearing FCMs, Rand=5, RJO=5, Triland=N/A, RCG=5, Man=3, Transact=5
Thank you in advance.
Quote from tiddlywinks:
The question as posed asks only about the knowledge and expertise of the broker or representative employed by the brokerage house, OEC or Infinity.
On that account, using a 1-5 scale, the higher the better, OEC=4, Infinity=5.
At Infinity, your "rep" is a broker. In my experience, the Infinity broker staff is top-notch. At OEC, your "rep" may or may not be a broker, but in all cases, in my experience, OEC reps are multi-faceted as opposed to expert.
Your question should be; "who offers clearing (instruments), software, and fees conducive for my trading?" OEC clears though Rand, RJ O'brien, and Triland. You can't choose. Infinity offers clearing through RCG, Man, and Transact. Platform choice determines. On this account, using the 1-5 scale from before, based on my experience with these clearing FCMs, Rand=5, RJO=5, Triland=N/A, RCG=5, Man=3, Transact=5
Always check the most recent FCM financials:
http://www.cftc.gov/tm/tmfcm.htm
Always check for RECENT compliance issues:
http://www.nfa.futures.org/basicnet/
Only one compliance issue, for Infinity:
http://www.nfa.futures.org/basicnet/Case.aspx?entityid=0266569&case=06BCC00019&contrib=NFA
Quote from syrre:
Care to elaborate on why you would rate MAN at 3?
Thank you in advance.
Man at 3 is way to high the reson they are so crap at theretail end is they dont care about it the have a massive instition and funds base. I worked there afetr they acquired GNI so I know. Stay away from the big brokers they dont care about you really. Transact are good so are Open E cry. I have to use IB as I trade Asia but will look to change back to Open E cry once they start offeringthe Asia products