Prop Trading Firms - Note On Threatening Regulatory Developments

Can someone from Management of Carlin, Assent, Hold, Echo, Genesis, Dimension or other proprietary firms comment on this?
 
Quote from riskarb:

This will certainly impact option-specialist JBO-firm valuations and models:

https://cpm.theocc.com/
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Fimat has been doing the pilot program for 6 months now. They are the only ones. There is a 5 million dollar minimum. At some point the minimum will drop to a mil or so. But it will never be offered to small retail accounts.
 
Quote from Maverick74:

Fimat has been doing the pilot program for 6 months now. They are the only ones. There is a 5 million dollar minimum. At some point the minimum will drop to a mil or so. But it will never be offered to small retail accounts.
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Huh... IB is offering it in Nov of this year, or so they say. I do see the $5mm minimum mentioned in the doc. I'll have to drop IB an email.
 
Quote from Traveler:

Wonder if the 5 MM requirement can be satisfied by a pooled broker dealer account at a prop firm like Bright etc?
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Zero impact. Those firms are JBOs with risk-based haircuts. Bright's req on short gamma is worse than regT, but it's moot.
 
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