i am hearing about a NYC prop/day trade firm that has suffered a huge margin call.this was late yesterday after the rally. guess most of the guys were short. i am also hearing the firm has been having margin problems for the past month.
I have no idea who it is. But the only possible self clearing prop firm out there is first new york. I also noticed they've changed there web site in the past week.It seems to provide no real info. the list is very short as few prop firms self clear.we'll know soon enough
You're right hold and assent do self clear . But a lot of assents money is segregated in customer accounts. But you're right it could be either one of them. If your money's sipc insured no big deal.But 100% of traders use first new yorks money