Becoming your own broker

Discussion in 'Professional Trading' started by colonial dr, Aug 4, 2012.

  1. If a trader buys or leases a exchange seat, they are basically their own broker, no? How can I trade CME without a broker, and how much money will this cost? I'm sorry this is a basic question, I have no background in institutional companies.
  2. I think seats go for around 750k nowadays? Have not checked the CME website lately...
  3. I should have noticed that the largest firms in the nation use brokers. Some smaller in person "friends" I know were saying they were their own brokers. I wish I didn't assume they were truthful. :p