Anyone here at a prop firm with a JBO agreement with Penson?

Discussion in 'Prop Firms' started by 1245, Jun 12, 2012.

Where is your prop firm custody

Poll closed Jun 22, 2012.
  1. GSEC

    1 vote(s)
    20.0%
  2. Apex Clearing (Penson)

    2 vote(s)
    40.0%
  3. ML Pro

    0 vote(s)
    0.0%
  4. Lek

    0 vote(s)
    0.0%
  5. Other

    2 vote(s)
    40.0%
  1. 1245

    1245

    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 of capital required by the Prime Broker.
     
  2. wedbush with its recent acquisition of lime is another player here for equities.

    could you go into more details on those apex numbers? pm if you want.
     
  3. 1245

    1245

    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 trades but the JBO relationship goes further.