Velocity sold to Institutional Liquidity LLC. Stay or leave?

[LVMises]

Quote from jsmooth:

snapshot of todays leaders....its been awhile since ive looked at this board, i use to remember the list being a lot bigger, unless they may have changed the format of it, i'm not sure

Interesting to see the 'YTD' rankings (must be a newer feature)

Does the laggards show the YTD? Do you see MAX on there at all?

 

[DarthSidious]

Quote from LVMises:Do you see MAX on there at all?

Max == GhostRider

 

[Swan Noir]

I'm not trying to play TOMMY TRADER here but the sums seem astonishingly small. Do the the larger players simply not participate in the board? Or is it something else I'm missing? Am I correct to think that inertia (a very poweful force as Newton attested to!) is keeping most everyone at Velocity at least on a wait/see basis?

I think it is interesting that the convenient list of firms that is always on the right side of the home page has, for the moment, disappeared at the very moment that members might like to consider alternatives. Either I'm paranoid -- entirely possible -- or the sponser immediately played it smart and relegated competitors to an unseen location.

 

[operator]

Quote from Swan Noir:

Or is it something else I'm missing? Am I correct to think that inertia (a very poweful force as Newton attested to!) is keeping most everyone at Velocity at least on a wait/see basis?

That snap shot was taken at 9:40. How much PnL do you think it generated in the first 10 mins.

I have an account with them and called them this morning. Nothing really is going to change. Now if I start to notice major issues. I'll probably jump to AMP.

 

[Weatherman]

I decided to bail out of Velocity (after four years), and moved over to Deep Discount Trading. What people have said about Howard Lender is true. He even worked on Sunday to get my account set up. I submitted my new account request on Saturday. The DDT/Crossland account was funded on Monday, and by the end of the day I was fully operational again (only offline for one trading session).

I never had any problems with Velocity, but the constant changing of fees over the past several months, and the final conversion to an IB for ILQ got me spooked.

 

[Grandluxe]

Quote from jsmooth:

Thanks for those links! they do mention "Ponzi Scheme" WAY to many times for me to feel comfortable keeping money there!

Anyone do business with Advantage Futures? I was planning on calling them on Monday...they dont seem to list any of their platform fees though....with regard to TT, are they the same as VF $500 or $1500 for Pro?

I dont think Advantage does $500 daytrading margins like Velocity, do they?

Of course if you don't need it...

 

[gmst]

Quote from Grandluxe:

I dont think Advantage do $500 daytrading margins like Velocity, do they?

Of course if you don't need it...

check out advantage website man


btw, advantage are a premium futures firm, please dont' compare them with guys like amp or velocity et all....they will never let you trade for 500 intraday

 

[Grandluxe]

Quote from gmst:

check out advantage website man


btw, advantage are a premium futures firm, please dont' compare them with guys like amp or velocity et all....they will never let you trade for 500 intraday

Don't ever patronize me again. I know full well who Advantage are. I was just making a comment on his margin requirements if he needed it.

 

[gmst]

Quote from Grandluxe:

Don't ever patronize me again. I know full well who Advantage are. I was just making a comment on his margin requirements if he needed it.

why you not happy with advantage? did you trade with them? I hear they are very good though I have never traded with them/

 

[jsmooth]

Quote from Grandluxe:

I dont think Advantage does $500 daytrading margins like Velocity, do they?

Of course if you don't need it...

I spoke with Advantage a few times these past few days. I plan on moving me accounts over there. X-trader there is $625 plus $75 if you want xstudy, as compared to velocity which only charges 500 for both. Advantage said they have some added backend servers, thats why the added cost. Xtrader pro was around 1500. I do about 3500 contracts/month and they said they could most likely beat velocity commission wise and we discussed leasing a seat and that they have ppl that can do that whole process for you. I never asked them about margin rates.