Does this mean they use their own servers and use RCG only for clearing ? Why don´t they use RCG´s servers ?
elocal is owned by RCG - so effectivly they are the same thing - the servers should be RCGs though - so that any IB which uses RCG would go through them - or is this not the case? - i would be pretty pissed off if i was another IB and elocal was given priority - so i dont think that can be the case?
vulture it does not matter how low commisions are - and i personally believe that in a few years - you will look back and be amazed that anyone payed $10 - but anyway - the level of their profits is not the point - the fact is that they take clients - when they know their equipment is not up to it - and the whole point of paying more than Interactive Brokers cost - is that you are meant to get a 100% service - which elocal did not provide - but the people who lose are the clients - as they may get screwed in trades commisions are a factor in a traders bottom line - but so are technical problems - they are a real cost as well which has to be factored in - so this is an important consideration
Advanced Futures offers the J-Trader(patsystems) The clearing firms that I work with offer great service and are always working on ways to improve their technology to handle any problem.
Advanced Futures clearing firms: Goldenberg, Hehmeyer & Co. (www.ghco.com) GNI Inc. (www.gniinc.com) Gelber Group(www.gelbergroup.com)
Is TMG still owned by RCG after elocal merged with TM ? The new TMG seems to clear thru TransAct Futures now. www.trademaven.com/tm_pages/history.html www.trademaven.com/gettingstarted.html (account docs)