Wedbush

Ironic how my clearing firm, who is ultimately in charge of my account and trading parameters, is also a major market maker aka my direct competition. Priceless . . .

 

Is there a clearing firm that DOES NOT act as a market maker?

 

looks like too big to fail has worked out for everyone

 

wedbush morgan is a major player in the equity markets. they are top 10 for total vol cleared

 

These days clearing firms with do whatever they can to squeeze an extra few tenths from their guys

 

Competition isnt the market makers. Its yourself.

 

Any self-clearing prime brokerage that's "agency only" -- I think this would include ITG and Instinet. But these may require high opening balances and/or that you be an "institution".