https://www.sec.gov/Archives/edgar/vprr/14/9999999997-14-005410 Page ten of the pdf above (or SEC EDGAR and look up livevol securities) https://www.sec.gov/cgi-bin/browse-edgar?company=livevol&owner=exclude&action=getcompany BTW, it's a loss of $375,000 not $375,000,000
When an Introducing Broker bring business to IB, their clients can only do business that the Introducing broker is approved for. LiveVol Securities is not NFA approved, it says membership pending. So you can't trade futures and be their client. http://www.nfa.futures.org/basicnet/Details.aspx?entityid=/0p48R1Ez+s=&rn=Y
Thanks for the links, guys. A big negative being an IB, even though you pay all the normal IBKR data charges. You will not have subscription access to products that LVX doesn't trade. Additionally, IBKR paper trading accounts default to the original settings of the master account. For now, I'll have to split margin dollars and data subs between 2 unlinkable accounts under the same clearing firm.
Additionally features released yesterday, you won't find it in the product website yet. These guys will kill it if they get Futures Options on this platform. Hopefully, I'll be grandfathered. Images from the documentation. .
Just fyi - the money goes to IB. So I don't think you have to worry about LiveVol closing shop as you technically have an IB account. (One can login on TWS and IB's Webtrader although you can't make trades on them with just a LiveVol account.) LVX (trading platform) has some oddities I really wish they'd fix, but I really really LOVE the ProScanner. I can't imagine life without the ProScanner now.