I trade a dollar neutral strategy and plan to use 20 times leverage overnight on a couple of mill. I have been talking to a few prop firms that will allow this and narrowed it down to two: Jasper Capital (sub llc of Assent) and Bright Trading.
Presuming the same commission, which one has the lowest fee structure?
Don...I know a sub llc is not a real prop firm and not secured by the NASD jada jada jada...This is purely a question on fees.
Jasper charges fed funds plus 2% on the longs and no haircuts, but do not pay short interest.
I believe Bright has similar financing charge (correct me if I am wrong), but will charge haircuts and pay short interest.
Since I am new to prop trading (not new to trading, been doing it for over 15 years) I have a hard time comparing the impact of these fee structures on my strategy.
Bright also has a triple net k-1, not sure if Jasper does it the same way.
Which one will be lower net net considering my strategy?
Presuming the same commission, which one has the lowest fee structure?
Don...I know a sub llc is not a real prop firm and not secured by the NASD jada jada jada...This is purely a question on fees.
Jasper charges fed funds plus 2% on the longs and no haircuts, but do not pay short interest.
I believe Bright has similar financing charge (correct me if I am wrong), but will charge haircuts and pay short interest.
Since I am new to prop trading (not new to trading, been doing it for over 15 years) I have a hard time comparing the impact of these fee structures on my strategy.
Bright also has a triple net k-1, not sure if Jasper does it the same way.
Which one will be lower net net considering my strategy?