Profit Sharing plan: TOS-I use smart route (Stocks) Roth IRA:IB- I use DMA (Stocks and Options) The difference between us is I don't care who...
I was a professional trader for a very long time. Currently, I only trade in my IRA and Roth IRA. So, I guess now I'm retail.
I guess we can agree to disagree.
I'm very familiar with all this. I have clients at these firms. If they route to a dark pools, and the trade is executed in the dark pool, there...
Even with the availability of DMA, If your strategy means you're taking liquidity a high percentage of the time, a dark pool will save you money....
Why do you feel like your harmed by using a smart routes and dark pools where the counter party is a HFT firm? This is why you get to pay under...
Broadridge wrote off over $20M in losses. TradeKing had too little money up as a correspondant before. My guess is the Peak6 does not want to...
The interesting thing about this New firm APEX, is that it was not acquisition by Peak6. PNSN still owns 94% of APEX. Peak6 put in around $40M,...
They don't self clear Futures and FX. Last year they used Penson for their Futures business. Now they use Cargill.
Wedbush does not offer PM for smaller accounts. Apex Clearing with the help of Peak6 will be a MUCH better run firm. That might mean cost...
YES. You will have to pay for market data for each platform. They will require their own data feed. Even on the same computer.
for $1800/month you can have one too.
Some charge a fixed fee per assignment. Some charge like a stock transaction. So if you assigned 1000 shares of stock, you would pay like you sold...
Why do you feel you HAVE to stay at IB?
Options were good for me. Trading them paid for my MBA, my house, my family expenses, my vacations and my daughters four years of college. It paid...
Lime is their routing and HFT execution platform. I'm not sure Wedbush is in the prop business. That would be new to me. They will clear your...
I'm courteous to see if Apex Clearing will continue the relationships that Penson had. They had very low commissions, higher risk and high levels...
Yes, Apex Clearing is now operating the broker for Penson. On the operations side the firm is identical except for the name and financial...
You have to become a Broker Dealer or Join a prop firm that will let you do this. You will have to set up a co located server, pay for an...
Can be expensive if you trade high priced stocks like AAPl and GOOG. Sec Section 31 transaction fee rate is $22.40 per million dollars sold....
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