That's a bit like buying a Big Mac from McDonalds and then trying to eat it at Burger King...you're bound to get a tap on your shoulder...i know you probably have good reasons to be in the Genesis office, but if its an option for you, maybe you can consider trading remote
What is the per share that people pay at Genesis? Can I get $1/trade or even $1 per thousand shares there?
Genesis self clears...does not use third party vendors... Can someone confirm whether or not they self-clear retail or not? Previously, they were still using CCS for retail accounts, which increased their cost structure and made them less attractive. Also, people talk about 10:1, 50:1, 100:1 leverage. Does that really mean you can put down 25K and take outright directional positions of $250K, $1.25M, $2.5M, or is that kind of leverage reserved only for pairs, index arb, etc.? Or are they really just talking about the ability to put out that much in open, non-marketable orders, cancelling when you get filled (especially at the higher leverages)?
cgs is now penson. i believe they self clear everything. i've been looking at going with them but i have reservations as i'd be retail and i want more security. i'm not saying they're not safe but i'd much rather be cleared threw huge penson with my money on the line
Does anyone know if their BELZ or MLCO routes on Laser are direct routes to the specialist -> more specifically, can you participate in the opening and closing prints for listed stocks using LOO or MOC route options with BELZ or MLCO or do you have to use NYFX? Thanks.
Does Genesis have 5:1 overnight buying power for new customers? I am trying to decide on a prop firm. I need one that starts off with 5:1 overnight margin, plus I want a firm who's software interfaces with TradeStation platform so I can use strategy automation through TS.