Wedbush

[illiquid]

Ironic how my clearing firm, who is ultimately in charge of my account and trading parameters, is also a major market maker aka my direct competition. Priceless . . .

 

[JamesL]

Is there a clearing firm that DOES NOT act as a market maker?

 

[EvOTrAdEr]

looks like too big to fail has worked out for everyone

 

[cactus_trader]

Quote from illiquid:

Ironic how my clearing firm, who is ultimately in charge of my account and trading parameters, is also a major market maker aka my direct competition. Priceless . . .

wedbush morgan is a major player in the equity markets. they are top 10 for total vol cleared

 

[BIDUbandit]

These days clearing firms with do whatever they can to squeeze an extra few tenths from their guys

 

[mastertrader456]

Competition isnt the market makers. Its yourself.

 

[Occam]

Quote from JamesL:

Is there a clearing firm that DOES NOT act as a market maker?

Any self-clearing prime brokerage that's "agency only" -- I think this would include ITG and Instinet. But these may require high opening balances and/or that you be an "institution".