That is a remarkable one-month decline, and I'd be curious as to how Crossland explains it. BTW I believe Mr Chart's data are from http://www.bloomberg.com/news/2010-...ms-excess-net-capital-for-october-table-.html .. . Similarly to his table, here are the 10 largest decliners, with Oct and Sep capital: Crossland $1,827,724 $4,666,310 -60.8% Capital Market Services $2,661,289 $6,771,322 -60.7% Forex Capital Markets $11,958,105 $22,937,726 -47.9% FX DirectDealer $5,409,610 $8,294,122 -34.8% Nomura Securities $756,171,807 $1,143,596,324 -33.9% Alpari (US) $528,986 $715,725 -26.1% MF Global $148,356,593 $199,867,719 -25.8% Instinet $90,883,313 $119,552,504 -24.0% Advanced Markets $558,887 $722,088 -22.6% Pioneer Futures $1,101,817 $1,418,199 -22.3% Also, re paying interest on balances .. . Uhhh, short rates are zero now anyway.
Could be caused by a large turnover of customers. FCM's that are more concerned with revenue than service to customers can have big variations.
Talk to Eagle Market Makers, they charge only $0.40 a side plus fees from the first contract. http://www.eaglemarketmakers.com/uc.htm
Not at current short term rate levels. When short term interest rates are at normal levels IB pays tiered interest on cash. At futures only brokers you have to buy T-Bills.
-------------------------------------------------------------------------------- Quote from jeb9999: Talk to Eagle Market Makers, they charge only $0.40 a side plus fees from the first contract. -------------------------------------------------------------------------------- The big difference is Eagle Market Makers is a FCM member of several exchanges and can make their own decision on rates. Howard is a guaranteed IB of a FCM. He cannot do anything without the approval of his FCM.