Prop firms like Swifttrade have so many traders around the world, and the overall intraday buying power is huge. And it's unlikely that they deposited so much money in clearing firms. So who provides the intraday buying power for them? And if you know more, what are the terms of getting that?
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Where does the intraday buying power come from
- Thread starter zg81
- Start date
It doesn't exist, trades do not settle instantaneously but the clearing firm guarantees it will settle when, if position is opened and closed. If it all happens intraday it is all a wash +/- the p/l, that is all that settles is the p/l between clearing firms for the benefit of swift fbo the the trader.
Quote from startraitor:
It doesn't exist, trades do not settle instantaneously but the clearing firm guarantees it will settle when, if position is opened and closed. If it all happens intraday it is all a wash +/- the p/l, that is all that settles is the p/l between clearing firms for the benefit of swift fbo the the trader.
Thank you, startraitor.
May I ask you a few questions? I tried to PM you but was not able to. My email address is zg81 @ hotmail.