Prime Broker

Quote from ArbWest:

Pardon me if this is ignornant but what the heck is a "trade away" benefit?? A give-up agreement?
More...

You trade away when you trade with a broker that is not your clearing broker eg you clear with Goldman but you have a mate/like service at say Leh so you give the order to Leh they execute the trade but give up the trade to Goldman for clearing as thats where your funds are.

Hope it helps
 
Quote from meir13:

Sorry for asking. Where did you ended up? Looking for the same set-up. Trading options and stocks.
More...


It turns out the brokers I wanted to deal with were much more open to having me write them a check for their research than I expected, so I kept my account at IB, and at least this year, am not "trading away" I investigated several firms and I thought RBC Carlin would have been the best for me if I had made a switch.
 
Sorry to hear. I was thinking of Grace Financial or Alaris. Carlin I have on the list as well. Thanks for you comment.
 
Quote from meir13:

Sorry to hear. I was thinking of Grace Financial or Alaris. Carlin I have on the list as well. Thanks for you comment.
More...

It's a good thing. I got the research and coverage I wanted and I didn't have to switch. IB has lower commissions and I don't have to deal with the headaches of learning a new platform and accounting of "away trades". Another company, Merlin, you may want to check out as well.
 
Yep I know Merlin. Actually, I have on my list about 20 companies, which do offer some kind of mini prime brokerage.
 
Quote from StLouisTrader:

It turns out the brokers I wanted to deal with were much more open to having me write them a check for their research than I expected, so I kept my account at IB, and at least this year, am not "trading away" I investigated several firms and I thought RBC Carlin would have been the best for me if I had made a switch.
More...

Very interesting.
How does it actually work in pratctice ? Do you have access to a broker's research website and then pay-per-view for each downloaded research note ?
Or are you using a research portal and receive entitlements for the broker that you have a relatiojnship with ?

Regards,

Oliver
 
Quote from chs245:

Very interesting.
How does it actually work in pratctice ? Do you have access to a broker's research website and then pay-per-view for each downloaded research note ?
Or are you using a research portal and receive entitlements for the broker that you have a relatiojnship with ?

Regards,

Oliver
More...

I use a portal.
 
Anybody use Saratoga Prime Brokerage? They have 3 clearing firms to choose from for Stocks and as well as for futures
 
You must log in or register to reply here.
Back
Top