S sun170 Jan 13, 2008 #1 Just curious for those of you that trade through an LLC or Prop. First, are there any Prop firms that cover interest on overnights? Second, if your trading through an LLC, does your LLC cover these charges or pass them along to the trader?
Just curious for those of you that trade through an LLC or Prop. First, are there any Prop firms that cover interest on overnights? Second, if your trading through an LLC, does your LLC cover these charges or pass them along to the trader?
D Don Bright Jan 14, 2008 #2 Traders receive interest on their short stock sales, and pay interest to the Clearing Firm if they use excess capital. Don
Traders receive interest on their short stock sales, and pay interest to the Clearing Firm if they use excess capital. Don
C caementarius Jan 14, 2008 #3 Quote from Don Bright: Traders receive interest on their short stock sales, and pay interest to the Clearing Firm if they use excess capital. Don More... What are the rates paid to the clearing firm? Does it depend at all on the amount of leverage used?
Quote from Don Bright: Traders receive interest on their short stock sales, and pay interest to the Clearing Firm if they use excess capital. Don More... What are the rates paid to the clearing firm? Does it depend at all on the amount of leverage used?
