Prop firms in Canada

swiftmike99 · Apr 11, 2011

Quote from J J aapl:

Huh?? .. Maybe their clearing is .0001? .00005?? Per symbol? You've been registered for 7 years and you ask this question?

Yes i know the clearing costs. With software and data costs and self clearing costs it dosen't add up. They would need thousands of traders trading big volume to pay for their compliance etc.

J J aapl · Apr 12, 2011

Quote from swiftmike99:

Yes i know the clearing costs. With software and data costs and self clearing costs it dosen't add up. They would need thousands of traders trading big volume to pay for their compliance etc.

Or a few good black boxes that do enough volume to pay for all the clearing per symbol.. and any new trader that joins is pure profit. Carry on.

rachid136 · Apr 22, 2011

to the op: check out infinia securities. its a new business model with a solid structure and good payouts. please pm me for more information as im tired of hearing negativities in this forums !

swiftmike99 · Apr 23, 2011

Quote from J J aapl:

Or a few good black boxes that do enough volume to pay for all the clearing per symbol.. and any new trader that joins is pure profit. Carry on.

Highly unlikely. Are you just making stuff up? Big enough volume to pay for clearing per symbol??? For 10000 stocks?

Do you realize how insanly big this volume would have to be to pay for their data servers, their software developers their tech support, their business manager, their compliance officers etc.

Unless of course they are trying to get good traders so they steal their strategies for their black boxes. Not the first or last time this has been done.

J J aapl · Apr 26, 2011

Quote from swiftmike99:

Highly unlikely. Are you just making stuff up? Big enough volume to pay for clearing per symbol??? For 10000 stocks?

Do you realize how insanly big this volume would have to be to pay for their data servers, their software developers their tech support, their business manager, their compliance officers etc.

Unless of course they are trying to get good traders so they steal their strategies for their black boxes. Not the first or last time this has been done.

Making stuff up. /end

swiftmike99 · Apr 26, 2011

Quote from J J aapl:

Making stuff up. /end

Thank you for honesty a rare trait on ET. Best of luck in trading. /end

brenden · Jun 26, 2011

what is globus giving these days
are they actually giving .10 clearing and +90% payout for traders?
rnt they affiliated with lynx?

fastprofittaker · Jun 27, 2011

If their payout is 90% makes you wonder how they make money

zbojnik · Oct 4, 2012

Quote from J J aapl:
This is not the case at all w/ Globus. I spoke to a few people over there in the last 2 weeks. The owner is the same for 10+ years and the new structure they are implementing is actually pretty interesting. It seems like there is only a flat fee per month which breaks down all the way to .00022 (when you divide by your shares traded ) with 100% payout and no other fees with high volume. No data/software/clearing or any other fees.

That would be a dream come true.

How can someone from USA open account in Canada?