Professsional datafee or not?

[virtusa]

Not true.

Show me the text that confirms that. I got a refusal from Tradovate.

If my son opens an account and I trade it, I am a professional. I can only trade my own account as my son is a third party.

Read remark G in the added document from CME:

The Non-Professional Subscriber’s Use of Information must:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and
not be used in connection with the management of any
assets of any third party(ies) in any capacity

 

[wmwmw]

Show me the text that confirms that. I got a refusal from Tradovate.

If my son opens an account and I trade it, I am a professional. I can only trade my own account as my son is a third party.

Read remark G in the added document from CME:

The Non-Professional Subscriber’s Use of Information must:
(f) be solely for the Subscriber’s personal or private use;
(g) be limited to managing the Subscriber’s own assets, and
not be used in connection with the management of any
assets of any third party(ies) in any capacity

This must be for something else because it requires the person to sign a self certification form.
I never see anyone trading futures is required to sign a self certification form to get quotes.

 

[virtusa]

This must be for something else because it requires the person to sign a self certification form.
I never see anyone trading futures is required to sign a self certification form to get quotes.

I never saw or signed that document too. It is an official document from the CME.

Tradovate requires a Power Of Attorney if you trade any account that is not registered on your own name. I was planning to move to Tradovate too, but after all this I changed my mind.

If you read "Section 201(11) of the Investment Advisor's Act of 1940", they speak about :

"(1) their advice, counsel, publications, writings, analyses, and reports are furnished and distributed, and their contracts, subscription agreements, and other arrangements with clients are negotiated and performed, by the use of the mails and means and instrumentalities of interstate commerce;


(2) their advice, counsel, publications, writings, analyses, and reports customarily relate to the purchase and sale of securities traded on national securities exchanges and in interstate over-the-counter markets, securities issued by companies engaged in business in interstate commerce, and securities issued by national banks and member banks of the Federal Reserve System; and


(3) the foregoing transactions occur in such volume as substantially to affect interstate commerce, national securities exchanges, and other securities markets, the national banking system and the national economy."

So you can basically do nothing for anybody else. The fact that the account I want to trade is not on my name makes that all I do is: advice, counsel,analyse, executed trades....for other people's account.

Only point 3 is no problem: size is not big enough to affect interstate commerce or nationalsecurities exchanges.

 

[wmwmw]

Trade a trade copier, connect it to the account you want to trade.

https://www.trade-copier.com/