Do prime brokers accept $500k account?

Some guy say prime broker have the best liquidity/spread feed.
Any experience?
My per trade size 2~6m, high frequency trading style.

NO

if your looking for liquidity then you can go with citifx pro, there give you 1 billion in liquidity

Be more specific about what you want to know.

Ok.. i still dont know what the issse is exactly, other than Armada being dicks.

Why is that ?

They are (or were) posting with forum aliases here, and they print "Regulated" in big fat letters on their website, when, in fact, they are not.

1. Do prime brokers accept $500K deposit to provide ECN platform?
2. Is its liquidity/spread better than InteractiveBroker? commission?

I am seriously considering Lmax for so called no last look.
Pleas no more arguments about Lmax.

How about ICAP EBS? or Reuters Thomson 3000? or maybe JP Morgan Morgan Direct?

Talk to integral, True FX and even Rabo Bank in Australia.....

what is the objective in talking to a prime broker? better spreads than you are getting via a broker? there might be an easier way to get the same result....

1: Most of them don't want the business below $5M. Morgan Stanley might be interested at 500K if your doing serious volume (at least 2 yards a month).

2: It depends. For orders up to $100M the difference in liquidity between PBs and Interactive Broker/Dukascopy is marginal. Everything above $100M is where PMs really exceed and this is where the value of a prime broker lies for large traders (if we exclude other services offered by PBs like capital introduction, global custody, operation support etc) who need to execute orders ranging from several hundreds of millions of dollars up to literally billions without massive repercussions in the marketplace.

The whole retail world tries to glorify the importance of spread rather than the liquidity available and this usually isn't a issue when your orders measures in the thousands or single digit millions. In the PB world it's a different story. If I where to execute a $750M E/U order it would take around 5.5-6. pips including spread (1 pip) to fill that order , your spread ranges between 2-0.7 depending on your monthly volume. If I where to execute the same order on Interactive broker/Dukascopy my spread would be lower (Duka has 0.6 if I remember correctly) but I would push the market 9 pips to fill that order.

Prime brokers offer tremendous liquidity and therefore tremendous value for large traders, make sure you're using the benefit (liquidity) they're charging you for. Anything less than $100M orders are not PB territory. In your particular case you'll find that brokers like Interactive Broker/Dukascopy/Marex/LCG will offer more than enough liquidity while at the same time offer your a tighter spread than you would receive at the PB level.

Last but not least, be smart and protect your capital. At $500k you have the benefit of using a safe bank (not one with a highly leveraged balance sheet) to keep your assets in either through a bank guarantee or custodian bank service.

//BBC

Good morning...

Prime brokers have access to lot's of liquidity and great spreads but that does not necessarily mean a retail trader will get access to it. It would be better for you to look for a brokerage firm that allows you to use their line of credit that they have establish with the PB's(Prime Broker's) to access to the above Liquidity/Spread's...

Now some firms have better relationship's with these PB's mainly due to the business and credit agreements that are in place so shop wisely when looking for these Tier 2 brokerages...

Now If you have a lot of capital and wish to setup your own credit lines with a PB and have a clearinghouse like LCH settle your trades then that might be a way to go but a retail trader would find it to expensive and regulatory requirements very extensive.

Another way is to bypass a tier 2 brokerage firm and go directly with PB and use their credit lines and clearinghouse agreements. But they will asked for a lot capital etc....

There are two major platforms out there and depending on your pairs that you trade you should look at both. One of course is the EBS Global Access platform located at: http://www.icap.com/markets/electron...SitesDropdown= and the other is the Reuters platform at: http://thomsonreuters.com/products_s...eign_exchange/ where you can do some research.

I would look at both platforms and find the appropriate PB or Tier 2 brokerage firm that would fit you trading plan i.e. liquidity/spreads/execution speed/risk management/capital protection/etc...

Another area to look at is using FXAll or Currenex setup's which might fit your equity and business plan...

I am sure there are other trader's here that can add a lot more to this....

Prime Brokers tend to have the best liquidity on a range of ECNs as they have Liquidity agreements in place with Banks and Non-Banks,

Is your HFT style a latency arb between ECN's?

Dependent on your account size there are a number of PB's available, some with better liquidity than others due to the arrangements they have in place.

PM me if you have any further PB questions

What? "MFGlobal is only small part of MFGlobal" ?
Ok..

MFGlobal was the brokerage agent of Man Group.

All booster, no payload...