Prime Broker for $1M AUM without minimum charge per order

Discussion in 'Retail Brokers' started by ppy93, Jan 31, 2022.

  1. ppy93

    ppy93

    Can someone please recommend a Prime Broker that offers reliable FIX API for automated trading without minimum charge per order? My AUM is slightly more than $1M and I trade 2M+ shares per month. Monthly volume should grow proportionally as the AUM of my startup hedge fund grows, which is likely to at least double given our high sharpe ratio. Thanks in advance for any good advice.
     
    Last edited: Jan 31, 2022
  2. qwerty11

    qwerty11

    Does a minimum per order of $0.35 also count in your criteria or is that negligible?
     
  3. ppy93

    ppy93

    Any minimum per order is not favorable for my strategies, especially a minimum of $0.35 per order is way too high.
     
  4. Try Weeden prime.