Can someone from Management of Carlin, Assent, Hold, Echo, Genesis, Dimension or other proprietary firms comment on this?
Fimat has been doing the pilot program for 6 months now. They are the only ones. There is a 5 million dollar minimum. At some point the minimum will drop to a mil or so. But it will never be offered to small retail accounts.
Huh... IB is offering it in Nov of this year, or so they say. I do see the $5mm minimum mentioned in the doc. I'll have to drop IB an email.
Wonder if the 5 MM requirement can be satisfied by a pooled broker dealer account at a prop firm like Bright etc?
Zero impact. Those firms are JBOs with risk-based haircuts. Bright's req on short gamma is worse than regT, but it's moot.
Would this affect a firm that just adds trader to it's account and doesn't charge a deposit, but which pays based on P/L?