I too am an arbitrage trader and routinely use leverage of 50:1 for weeks at a time. All extremely low risk, which is why the leverage works. My question is about the cost to carry such highly leveraged positions. What kind of haircut are you arb guys paying and how negotiable is this with various firms? Many strategies aren't viable if your cost of carry is too high. If you can put up $100,000 and have a solid track record, what kind of deal can you strike?
Here are the links to the API of RMLtrading: API documentation: http://206.129.170.17/FrontEndServer/Front End Server Protocol.pdf API info and download links: http://www.rmltrading.com/tools/tradestream/default.asp http://www.tradestreamglobal.com/data_sites/download.html
I've seen the RMLwebsite, but I don't think they are cheaper... Please explain. Per share pricing : $0.005 / share (+ ticket fee +/- ECN) Per ticket pricing : $3.95 / trade Compare this to Genesis at max $0.003/share
Ok, I had used the following schema: 3.95 + the usual ECN rebates + charges. I applied rebates only to half of the tickets, meaning half of the tickets do add liquidity (gets rebate), the other half take liquidity. When I ran the same backtests RMLtrading produced the least commissions (avg daily nbr of shares >500k and also >2000 tickets per month). I've just looked at their site and they seem to have changed their rates; IMO it now looks similar to the commission rate of Genesis. These new data I've not tested yet.
anybody using or know anything about these firms? PMI TRADING KLV TRADING AVATAR TRADING they say you need no series 7 license 5000.00 minimum THANKS