Are the LLC´s subaccounts "Pro" for Nasdaq?

Discussion in 'Data Sets and Feeds' started by ronin266, Mar 5, 2012.

  1. A question guys:

    If I create an account in a LLC (propfirms), do i need to qualify myself as professional in the NASDAQ agreements?

    Thanks
     
  2. rmorse

    rmorse ET Sponsor

    Yes. Either way, I think NASDAQ no longer has non-pro rates. To qualify as non-pro for the other exchanges, the account must be in your name, not an entity, and you can't be a member of a broker dealer, RIA, CTA etc....
     
  3. Oh, ok thanks for the reply.
    So if I don´t wanna pay pro fees, I should go through a DAB like lightspeed?
     
  4. Bob111

    Bob111

    you use either personal account for data. or get the data from some third party provider. i've managed to trade tens if not hundreds of stocks each day without any data subscription on corp IB account