Prime Broker

S

StLouisTrader

Is anyone using a prime broker? I'm considering setting one up to pay for sell-side equity research via commissions. My "wish list" would be someone with low fees as I want the extra "cost" to go for research, not other services. I'd also need them to accept a low account minimum of $1-$2 million. I've heard M.S. Howell's (sp?) may fit this profile, but don't know much about them. Many thanks in advance for any ideas.
 
Mercator focuses on that segment, located in Ja Jolla work with institutional accounts only.

PM me if you want contact info.
 
Anvil,

I Just heard from a friend who know's Mercator and his (institutional) broker just went to work there, so now I have two good options to investigate. Thanks again. Another name or two would be much appreciated if anyone know's of other brokers.
 
I have used primer brokers before, but I have found that they arent worth it. I use IB for institutional execution.
 

I have used primer brokers before, but I have found that they arent worth it. I use IB for institutional execution.


So IB become your "prime broker"? and you do not have to pay extra?
 
danc-

in order to do away trades, you have to have a pb account. why would you say that it's not worth it? he said that he needs to pay comms for research. what else are you recommending?
 
Quote from jumper:

danc-

in order to do away trades, you have to have a pb account. why would you say that it's not worth it? he said that he needs to pay comms for research. what else are you recommending?
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Can someone please explain what prime borker is?
What does it do that a retail broaker does not do?
 
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