-newedge -interactive brokers -global primer partners -direct access partners -convergex -cantor -btig -pershing -fortis clearing -wedbush -greenwich prime -victor securities -North Point -grace anyone knows PB for small funds that are similar to Interactive (multiple markets, products, etc) but that offers ECN rebates and lower commissions?
Some others I've come across: Merlin UBS ABN Amro (which bought the part of Fortis you're probably interested in) Sage Trader
Its all about 'access' and who has access to the correct relationships in place. Whoever has real edge when it comes to relationships is where I always tend to gravitate towards. - PP - GAIN
Just start making calls to see who is the right fit. ABN AMRO Clearing Alaris Trading Partners Albert Fried & Company, LLC Bank of America Merrill Lynch Barclays Capital BMO Nesbitt Burns BNP Paribas Securities Services Callatay & Wouters Calyon Cantor Fitzgerald & Co. Capstone Trading CIBC World Markets Citi ConvergEx North Point Trading Partners Credit Suisse Davis Securities LLC Deutsche Bank Dresdner Kleinwort Wasserstein Edelweiss Custodial Services Limited Fidelity Prime First National Innovation Brokers Fiserv Corporate Fortis Bank Fund-interface Garwood Securities Global Securities Inc. Goldman Sachs Grace Financial Group LLC Greenwich Prime Trading Group Interactive Brokers Group Investment Education PLC J.P. Morgan Jefferies & Company Inc. KB Koenig Korea Securities Finance Corp. Lightspeed Trading, LLC M.S. Howells & Co. Macquarie Prime MALTA STOCK EXCHANGE Morgan Stanley Natexis Bleichroeder Inc. National Bank Financial Prime Services NBCN Newedge Group Nomura Prime Services Nomura Research Institute Northpoint Trading Partners LLC NTS Pearlman CTA Capital Management Penson Financial Services, Inc. Pershing LLC Rafferty Capital Markets, LLC RBC Capital Markets RCM Prime Samsung Securities Schroders PLC Scotia Capital SEB Group Skye Fund Services Ltd Societe Generale Securities Services SPT SWISS PRIME TRUST AG Standard Chartered Bank Tax Advisor India TD Securities Triad Securities Corp Trophy Property Group UBA Plc UBS VanthedgePoint Securities LLC Victor Securities ViewPoint Securities, LLC Wachovia Securities Wells Fargo Prime Services http://www.globalcustodian.com/directories/Prime_Brokers/
it seems that a lot of them only focus on either north american markets or european markets. I am looking for one really just similar to IB (access to many different markets, products, currency holding, good electronic platform, etc). I would go for IB if it offers a commission structure more suitable for institutions than retail. I want ECN rebates, lower commission for asian markets, cheaper shorting cost, etc.
I really like Mary Kay, Laura Mercier, REVLON and L'Oreal. If you're looking for one that has a large presence in Asian markets, I'd go with Shiseido. I think they have sales rebates for purchases over $100 at Sephora. A good primer is crap without a good foundation.