Segregated account

Discussion in 'Index Futures' started by dupaski76, Feb 19, 2007.

  1. Where would you find information on how much cash each brokerage firm has put aside to secure its customer's funds. I think this is called the firms "segregated account".

    Also is this with the clearing firm they use or somewhere else?

    Thanks
     
  2. This is exactly what I was looking for. There are a lot of firms out there that have very little excess capital.

    Thanks
     
  3. One more question:

    When one is a non clearing FCM , does the firm they clear with assume the responsibility their clients?
     
  4. Go with a bigger firm, such as RCG, Mann, IB, but keep in mind this does not guaranty anything. Refco is a perfect example. The key is to keep as little money in the account as possible and sweep it at least once a week.