Trading Multiple Futures Accounts Simultaneously
- Thread starter baro-san
- Start date
There's a few guys here at ET well schooled on info about managed futures accounts (sub accounts) involving taking trades in the primary account that also executes the exact same trade simultaneously in the sub accounts that are linked to the primary account. I remember them posting about such back several years. Thus, may be worth your time to use ET search and find those message posts. Yet, regarding fills in the sub-accounts is a completely different story that's dependent upon what you're trading and when your trading because its not uncommon for some sub-accounts to get fills while others do not get fills according to a few message posts I've read in the past here at ET.
Also, I think (someone please correct me) that doing such would require you to be a registered FA/CTA/CPO or something like that because you are managing over a certain number of accounts or dollar amount via your reference of saying 5 - 10 futures accounts (e.g., total assets under management, number of clients, whether you're going to receive compensation, etc.).
Thus, if you want to stay below the radar...you can only link a few accounts to your account as some folks do under the umbrella of "friends & family" account.
In addition, I thought most brokers allowed managed futures accounts or the ability to let their customers link their account to accounts of others for trading purposes these days. Therefore, the question is who is your broker and why you're not using them for managed futures accounts or linked trading accounts ???
As to the best broker for this...wouldn't it depend on your needs (you did not provide any specific details about such) and why not just Google all known futures brokers and then call them so that you can specifically tell them what you need. Next, do a comparison of the offered services to determine whom is best for you ???
The best way to do this is enter one order and post trade allocate. That way everyone gets fair pricing.
1245
Ask you FCM if they can provide that service. Sometimes they add a small charge. I've seen a little as $0.05 extra per side.
Any IB can do this for you. What happens, typically, is that they give you one account and you set whatever dollar amount you want on that account. You trade 10 lots that day at the end of the day it allocates the lots equally to each account.
You do not need to be a CTA to do this as long as you are under the 15 client or $500K AUM rule.
Here's one place to consider. At a glance it doesn't have an AUM limit and compensation is permitted, as long as it doesn't conflict with your state laws.
https://www.interactivebrokers.com/en/index.php?f=friendsFamilyAccounts&p=more
https://www.interactivebrokers.com/en/index.php?f=friendsFamilyAccounts&p=more
