emini trading

Discussion in 'Index Futures' started by Jim bashaw, Mar 14, 2002.

    #51     Apr 25, 2002
  2. How does a persom tell if a broker is an Independent IB or a Guaranteed IB ??
    #52     Apr 25, 2002
  3. Anyway, what is the difference ?
    #53     Apr 25, 2002
  4. How much you pay.
    #54     Apr 25, 2002
  5. Good question FX- I have no idea but people seem to make a distinction.As i understand it , the FCM controls the clients money so who cares about broker stability???
    #55     Apr 25, 2002
  6. def

    def Sponsor

    with no reference to easyscreen (which is an ISV and not a broker) wouldn't broker stability or financial soundness have an impact on upgrading servers, having the latest equipment, software upgrades, retention of staff etc.
    #56     Apr 25, 2002
  7. stevet



    surely the points you mentioned relate to clearers, not IBs?
    #57     Apr 25, 2002
  8. def

    def Sponsor

    yes and no. depends on the relationship between the broker and the clearer. Some brokers may run/route the software and give-up to the clearer.
    #58     Apr 25, 2002
  9. stevet


    apart from wholly owned subsidaries - who does that?
    #59     Apr 25, 2002
  10. larrybf

    You can ask the brokerage firm themself if they are independent or guaranteed. Otherwise call the NFA at 800-621-3570.

    Guaranteed means the IB can only use one FCM and that FCM posts money to guarantee them.

    Independent means an IB can clear one or more FCMs and they post their own moey.

    #60     Apr 25, 2002