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western

Registered: Mar 2008
Posts: 157

07-21-12 01:00 AM

Can anyone provide me with names of introducing brokers that clear through wedbush securities? I'm looking to open a retail account.

I currently only know of capstone and legend securities.

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1245

Registered: May 2012
Posts: 515

07-21-12 01:16 AM

Quote from western:

Can anyone provide me with names of introducing brokers that clear through wedbush securities? I'm looking to open a retail account.

I currently only know of capstone and legend securities.

Why Wedbush?

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western

Registered: Mar 2008
Posts: 157

07-21-12 03:12 AM

They are one the few(only) independent reputable clearing firms that cater to daytraders.

Penson/apex is too unstable imo.

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Traveler

Registered: Apr 2003
Posts: 774

07-21-12 08:45 AM

Why is the clearing agent so important?

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1245

Registered: May 2012
Posts: 515

07-21-12 11:21 AM

Apex is still 94% owned by Penson. Besides that Apex is being run by Peak6 and has made many changes. The most important to you is that they have more cash, very little debt and APEX has no trading desk. I'd rather be at APEX.

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FixedGrin

Registered: Aug 2011
Posts: 420

07-23-12 05:17 PM

why not wedbush? does anyone know any brokers that use wedbush? i'm interested in looking at their offerings too

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