E-Brokerage, LLC

Discussion in 'Order Execution' started by Gene Weissman, Mar 3, 2003.

  1. Gene Weissman

    Gene Weissman

    Since 1997, Lieber & Weissman Sec., LLC provided services for professional traders & groups. As the markets changed, the partners of LWS formed a new firm E-Brokerage, LLC , to service the needs of Hedge Funds , institutional traders & day traders.. Please see our web site at www.ebrk.com . Minimum account size $50,000. member NASD/SIPC/NFA .


    Gene Weissman
    E-Brokerage, LLC
    gene@ebrk.com
     
    #1     Mar 3, 2003
    Share
  2. Cdntrader

    Cdntrader

    What are your rates?
     
    #2     Mar 4, 2003
    Share
  3. quicktrader12

    quicktrader12

    I noticed that the Lieber & Weissman ads are not up anymore and have been replaced with E-Brokerage, LLC. Does this imply that Lieber & Weissman has now changed its name? Does Lieber & Weissman still exist?

    Good luck in your new venture.
     
    #3     Mar 4, 2003
    Share
  4. Gene Weissman

    Gene Weissman

    We are in the process of closing LWS. As the markets have changed , we have gotten many more requests from NASD customers(institutions, hedge funds) and others who do not need leverage, since NASD pattern daytrading account's now have 4 to 1 intra day margin.Pro Day trading is now not what it was at one time and so we have structured our new company to service institutional clients, hedge funds(we can help a successful trader form one) and well capitalized customers who want to day trade. All LLC members at LWS , have had their LLC partnership capital returned to them and they have the option to trade with E-Brokerage , if they choose. Our rates are from .0075 to .02 per share based on trading style, volume , soft dollar arrangements etc. E-Mini's $5.00 to $7.00 roundturn with volume discounts .We can offer personal service very few firms can relating to programming, hardware design & build & networking . Accounts are SIPC protected & Goldman Sachs offers additional account protection in excess of 500 million.



    Gene Weissman
    E-Brokerage, LLC
    gene@ebrk.com
     
    #4     Mar 4, 2003
    Share
  5. lojze

    lojze

    That's horrible amount for me. Any idea for company with less cap. req. and no need for S7 exam (at least temporarily)?

    Lojze
     
    #5     Mar 4, 2003
    Share
  6. Gene Weissman

    Gene Weissman

    If your a pattern day trader(NASD) , since you need $25,000 to trade stocks, $50,000 is realy not that much. We are trying to cater to institutions & hedge funds. If you have less than $25,000 and you have day trading skills, E mini's may be the way to go, with a minimum deposit of $2500 per contract(approx) for day trading . If you have $15,000 to day trade , try a prop firm like ECHo , Bright , etc. Remember, leverage cuts both ways. We have E-Mini's , but we require $50,000 to open an account.



    Gene Weissman
    E-Brokerage, LLC
    gene@ebrk.com
     
    #6     Mar 4, 2003
    Share