标题: Trading directly with Goldman [打印本页] 作者: JRossSter 时间: 2011-10-8 03:05 标题: Trading directly with Goldman
What type of asset base would be required to trade and clear directly with Goldman Electronic Trading? Or any other large bank?作者: yodacaia 时间: 2011-10-8 03:07
if they dont offer best execution then the answer is 0.作者: Andreas42 时间: 2011-10-8 03:09
There are many prop firms that use redi and can join for relatively nominal amounts ($5-100K). If you personally wanted to, I've heard it's in the neighborhood of $10MM but can't say for sure.
As far as other banks/PBs go, the range varies a lot and can be as little as $500K - depends on what you're doing also.
Edited 1 time(s). Last edit at Friday, June 24, 2011 at 08:32AM by LPoulin133.作者: RMontgomery 时间: 2011-10-8 03:11
The firms that only have a couple hundred k though are going through a joint back office rather than Goldman directly correct? Which results in less favorable commission rates.作者: brain_wash_your 时间: 2011-10-8 03:13
ManMythLegend Wrote:
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> The firms that only have a couple hundred k though are going through a joint back office rather than Goldman directly correct? Which results in less favorable commission rates.
Joint back office (JBO) is simply a term used to denote an arrangement with a clearing firm that allows credit/leverage to be extended beyond Reg. T. There are many firms that are JBOs and deal with goldman directly and you can join them with a small up front capital contribution.
These points are all separate and aside from any discussion about commissions - that's way more dependent on what and how you trade rather than with whom. What are you trying to accomplish here (low commissions, access, platform, etc.)?作者: tikfed 时间: 2011-10-8 03:15
Yes, low commissions and access.
I have about a mil that I want to trade with and sure as hell don't want to open an account with Interactive Brokers for that amount of money. I would rather go the professional route and just deal with the big guys. Better rates, better execution.
