Prop Firms that clear Bank of America Merrill Lynch?

Discussion in 'Prop Firms' started by mike212, Apr 1, 2011.

  1. mike212

    mike212

    Please let me know of any prop firms that clear Bank of America Merrill Lynch.

    Thanks.
     
  2. does
     
  3. cstfx

    cstfx

    Echo, (maybe VTrader too?)
     
  4. For the op, yes, I believe Echotrade clears through Merrill/BofA.

    Thanks for heads up on Vtrader, good to know there's a CBOE firm in the Bay Area. And to answer your question, according to their site:

    "Established in 2004, VTrader Pro is a SEC registered broker-dealer regulated by the CBOE. Our Group trades proprietary accounts through our clearing relationships with Bank of America Merrill Lynch Professional Clearing and Penson Financial Services."
     
  5. mike212

    mike212

    thanks. any others? Ideally looking for a deal where we would not have to join the broker dealer.
     
  6. cstfx

    cstfx

    try Greenmoor in Chicago. They clear ML Pro and can put you in touch with groups they deal with - may or may not be b/d's.
     
  7. Their back office reporting of your account activity sucks and the shortable list of stocks is weak.
     
  8. Agree. ML clearing is the worst.