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Can brokers piggyback on their customers?

  #5 (permalink)

SF Bay Area + CA/US
 
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Nicely put. Though not a broker...Agree on what you said @mattz

and even if someone did....it would be so ridiculous to play blind

interesting question....good reply


mattz View Post
@Big Mike, I have found that those who do not trade, or paper trade are concerned with being copied. Sadly, they also have other concerns that are at times not relevant to trading.

Those who do trade, realize that brokers in day to day operations are involved in:
1) Sales - bringing customers on board
2) Monitor Risk - in case of unexpected moves
3) Servicing customers who encounter technical issues or have general questions

In case there is a bored broker that all he does is look for successful trades to imitate, he will experience a VERY SHORT career span.

This is a service industry, and regardless of skill, success, and risk capital, all we do is take care of the customer from all aspects: technology, fast response time, and other things that are relevant to that specific trader. We do not engage in trying to imitate or duplicate traders.

I hope this answers what brokers do, or should do.

Thank you for the opportunity to answer this.

Matt
Optimus Futures

There is a risk of loss in futures trading. past performance is not indicative of future results.


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