Problem solved
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ESMaestro
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
Couldn't help but scratch head reading this thread. Is this another "Whaaap, you've been punked" fishing expedition?
100MM contracts per annum/latency sensitive/smaller capital equates to serious HFT (~4% of annual CME volume), yet not enough capital for CME DMA nor the lower-tier PB's? Sounds like a tough LIFO racket given severe cannibalization going on in ever shrinking HFT world. Come on, even $5-$10MM gets you in lower-tier PB doors if you can prove the volume. NewEdge/RBS/CS will open you up at $5-10MM with that kind of volume, no frills electronic service, but maybe some happy endings.
I'm probably punking myself giving a rec, but if Newedge doesn't work (another head scratcher since FIX, CQG, ORC, etc??), perhaps consider Advantage for futures, Lime for equities. I do majority of CME volume through Advantage, know some guys doing higher pace stuff via RTD Tango & custom FIX. One of cheapest on block on volume, has good tech and rep in Chicago.
More details if you want legit advice.
100MM contracts per annum/latency sensitive/smaller capital equates to serious HFT (~4% of annual CME volume), yet not enough capital for CME DMA nor the lower-tier PB's? Sounds like a tough LIFO racket given severe cannibalization going on in ever shrinking HFT world. Come on, even $5-$10MM gets you in lower-tier PB doors if you can prove the volume. NewEdge/RBS/CS will open you up at $5-10MM with that kind of volume, no frills electronic service, but maybe some happy endings.
I'm probably punking myself giving a rec, but if Newedge doesn't work (another head scratcher since FIX, CQG, ORC, etc??), perhaps consider Advantage for futures, Lime for equities. I do majority of CME volume through Advantage, know some guys doing higher pace stuff via RTD Tango & custom FIX. One of cheapest on block on volume, has good tech and rep in Chicago.
More details if you want legit advice.
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NeroTulip
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
I struggle to make sense of that volume too... If you generate more than $250k in commissions, pretty much anyone will be happy to have you as a client. How much do you expect to pay in execution+clearing per lot?
Inflatable trader
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Nonius
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
" If you generate more than $250k in commissions, pretty much anyone will be happy to have you as a client."
I wouldn't.
I wouldn't.
Chiral is Tyler Durden
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Phantom309
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
There is no point in this thread existing if you just go and delete your initial inquiry like that.
How do you know you wouldn't have helped some one in the future with the same problem? (i.e. re: "service providers for emerging hedge fund")
Blendertime
Bad phorum etiquette...
How do you know you wouldn't have helped some one in the future with the same problem? (i.e. re: "service providers for emerging hedge fund")
Blendertime
Bad phorum etiquette...
Brimful of Asha on the 45"
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christine.s
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
~Phantom309
Wow, way to go, douchebag. I can't believe you dug up this thread from 3 months back just to make a personal attack like that.
Let me point out that my last post on 2013-08-22 22:20 was actually a final update to what I eventually did, to the benefit of those following this thread. I even mentioned the outcome [url=/Show%20Post.aspx?PostIDKey=168043]here[/url], which I didn't edit away. If I wanted to delete something to the detriment of other readers, I'd have done it long ago after Nonius's 2013-06-23 16:13 post rather than reviving my own thread to give a final conclusion. My own posts mentioned Newedge but none other names so I didn't remove any value from this thread. And seeing that the thread has expired out of interest, I decided it'd be better to point out that I had solved my problem to the benefit of everyone, so no one revives the thread again.
Arguably, a search of my posts versus yours show that I have generated more interesting content for others instead of acting like I just got out of college:
https://nuclearphynance.com/Search/default.aspx
Also, anyone is free to PM me if they need names and introductions to the firms that I went with eventually. I think a few can testify that I've given good responses to their PMs. Because of the limited number of firms that match my profile, I have a reason not to publicize.
Wow, way to go, douchebag. I can't believe you dug up this thread from 3 months back just to make a personal attack like that.
Let me point out that my last post on 2013-08-22 22:20 was actually a final update to what I eventually did, to the benefit of those following this thread. I even mentioned the outcome [url=/Show%20Post.aspx?PostIDKey=168043]here[/url], which I didn't edit away. If I wanted to delete something to the detriment of other readers, I'd have done it long ago after Nonius's 2013-06-23 16:13 post rather than reviving my own thread to give a final conclusion. My own posts mentioned Newedge but none other names so I didn't remove any value from this thread. And seeing that the thread has expired out of interest, I decided it'd be better to point out that I had solved my problem to the benefit of everyone, so no one revives the thread again.
Arguably, a search of my posts versus yours show that I have generated more interesting content for others instead of acting like I just got out of college:
https://nuclearphynance.com/Search/default.aspx
Also, anyone is free to PM me if they need names and introductions to the firms that I went with eventually. I think a few can testify that I've given good responses to their PMs. Because of the limited number of firms that match my profile, I have a reason not to publicize.
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Phantom309
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
I am with Tradenator Blendertime
I didn't mean to be rude, honestly. But I spend a lot of time reading very helpful posts that are a lot older than "3 months" (think 3 years... or 8 years! if you can imagine Expressionless )
I was just pointing out (not even mentioning phorum guidelines) that YOU could have helped someone in the future with this thread. That's all.
Now this thread is useless... and deserves Blendertime
Unless you disagree, and think that it still serves a purpose?
I didn't mean to be rude, honestly. But I spend a lot of time reading very helpful posts that are a lot older than "3 months" (think 3 years... or 8 years! if you can imagine Expressionless )
I was just pointing out (not even mentioning phorum guidelines) that YOU could have helped someone in the future with this thread. That's all.
Now this thread is useless... and deserves Blendertime
Unless you disagree, and think that it still serves a purpose?
Brimful of Asha on the 45"
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christine.s
- Posts: 0
- Joined: Thu Jan 01, 2004 12:00 am
Problem solved
You're creating a false dichotomy with your last sentence: I agree with you that this thread has lost its purpose, but
- this doesn't justify you in being a huge douchebag and creepy stalker that revives old threads to argue about forum guidelines, and
- this was a view I had acquired long before when it started going off-topic to center on our volume rather than service providers, not when I edited it to point out that my problem has been solved, and certainly not when you showed up as you're suggesting.
As I've pointed out, there was nothing in those posts that I edited that had useful value to people in the future except prevent 1-2 creepy stalkers, who revive old threads when uncalled for, from reverse-engineering my identity. Don't act as a moral apostle in front of me - who have you helped?
- this doesn't justify you in being a huge douchebag and creepy stalker that revives old threads to argue about forum guidelines, and
- this was a view I had acquired long before when it started going off-topic to center on our volume rather than service providers, not when I edited it to point out that my problem has been solved, and certainly not when you showed up as you're suggesting.
As I've pointed out, there was nothing in those posts that I edited that had useful value to people in the future except prevent 1-2 creepy stalkers, who revive old threads when uncalled for, from reverse-engineering my identity. Don't act as a moral apostle in front of me - who have you helped?