As was mentioned on your other thread, there are no "specialists" in futures (i.e., those with a role similar to specialists on the NYSE). I believe futures are the most fair and transparent markets out there. Retail forex isn't very fair, and it's definitely not transparent.
JangoFolly Registered: Feb 2005 Posts: 459 05-12-07 12:43 PM -------------------------------------------------------------------------------- Quote from ssss: But all broker'S mentioned are not pure agent's of principal- If you win ,you win from they's pocket and that can not be long .... -------------------------------------------------------------------------------- You are incorrect. The OP is asking about exchange-traded e-mini contracts. Except for execution, clearing and platform fees, neither introducing brokers nor FCMs make or lose money when traders lose or win. This may be true of OTC forex where the introducing broker is taking the other side of your trade; however, for exchange-traded products the counterparty is always another trader. some time before author received answer from trademaven ... we are trading from proprietary company account and each trade from this account must report to CFTC . As all future brokers are FCM and have proprietary acount ,they make essentialy the same If any operator long ert, broker can be short ert Pure agent -as example AMERITRADE- ...company is not market maker and by 10-k form you would not find any article in report from trading from proprietary account . Only commission ,margin ,service & To date not knew any pure agent in future industry . IF you knew ,please inform the author ! ############################### some SEC brokers ,which are pure agents offer alsov future (TOS,RML &)
I think you might have misunderstood what trademaven told you. It's definitely true that some FCMs and introducing brokers also operate proprietary trading accounts. However, that activity and those accounts have nothing to do with any retail trading activity that goes through their firm. FCMs are required by law to hold their customers' funds in accounts that are segregated from the firm's operating capital. On exchange-traded products there is no bucketing of trades as occurs with retail forex. Futures brokers are simply a conduit; they are never a specific counterparty to their customers' trades (they could be an incidental counterparty, just the same as any other trader in the world could be in that same market). Disreputable brokers might churn your account (if it's managed by them), give you bad advice, provide poor service, or overcharge for commissions and software, but they're not doing what you think they're doing.
USA ,Germany law not forbid for company monitor and analyse clients behaviar ,position and use this information If company have proprietary account ,she would make that . No doubt If any operator would have information about market -maker would do ,he would more profitable as experienced cocain trader from Colombia . Example DNDN -news in 03.2007 .Market -maker to support trade after news would forced offer trading very high (he leased this shares) and after that manipulate market ,to cover he'S position That knew a lot of persons. But no any have precise knowledge -how high MM would open and where he would cover IF operator would monitor market -maker account he would knew that by +300% must buy put for 1.6 and by covering by +200 sell it for 7 Reversive Market -maker knew clients positions (not forbidden from law) and used this information to trade against clients interess . Best wish ...
ssss: DNDN relates to U.S. futures trading how? As already explained, U.S. futures markets do not operate like stocks or forex. Period. Your conspiratorial, they're out to get you, you can't succeed without insider information, only multi-million dollar players have successful strats, attitude makes you the most annoying poster in ET, IMHO. Learn to trade instead of being a chronic paranoid complainer. Osorico btw; did you win those foreign (non-U.S.) lawsuits. You remember, the ones where the contest sponsors did not recognize you as the winner.
ssss, apparently neither one of us is making any sense to the other and this conversation isn't really helping the OP with his/her original question, so I will be content to disagree with you. z32000, I'm sure you would be more than happy with either Interactive Brokers, Velocity Futures, or Global Futures.
Osorico btw; did you win those foreign (non-U.S.) lawsuits. You remember, the ones where the contest sponsors did not recognize you as the winner. USA -Marketzar ,won with help of Court of IOWA but forced out from folloving contest's from marketzar Germany -Eurex/commerzbank won with help of BAFIN (germany SEC) Head of Derivative Swiss -realtime forex ,loss .Budesgericht ruled to cantonal Gericht .Offschore ,market not regulated (Broker shut downed platform in time of great volatility ,accepted error public ,but will not pay) USA/International -Etrade -not started ,SEC office informed ,that case is for civil court . Not started .No chance against Etrade/Yahoo with batallion of layer (Accepted as winner from ETRADE ,but was forced to signature longlife adv.agreement ,which was not anounced before in term & conditions,avoided signature ) For 16 month won 4 time price money, won was accepted from couterparty as best period/contest result ,but payed only in 2 case's from approx 50000$ price moeny only 5000$ payed . And suspect ,that by future win(if that would the case ) would equal story
Your conspiratorial, they're out to get you, you can't succeed without insider information REFCO case is good indicator for future industry Martin Schwartz -"...I will not ,that my daughter would be married with Market-maker" Future account is not secured from SIPC Not forget that