overnight interest

Discussion in 'Prop Firms' started by JohnTack, Aug 12, 2010.

  1. JohnTack


    How much do traders of prop firms pay in fees for overnight positions as annual % of ammount of position?
    Is it really much higher compare to retail brokers?
  2. JohnTack


    Really, is the standart rate for ovenights 10-15% annual of positions ammount in prop companies?
  3. We run about 1.5 to 1.75 differential per annum between long and short interest. Since rates are so low, that boils down to about 1.6 to 1.75 per annum to borrow money from GS.

  4. JohnTack


    Thank you Don.

    People what about other companies: Genesis, Echo, Assent, Dimension, etc.?
    Is 10% per annum is normal fee for overnights in the industry?
    I ask it because my managers told me they will charge 10% and it's good price in compare with other props.