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NT brokerage which to use: Dorman Trading or Phillip Capital
based on the above link, here is a quick comparison table Dorman vs Phillip_Capital:
Date 6/30/2016
Adjusted Net Capital - Dorman:9,677,432 Phillip_Capital:33,730,018
Net Capital Requirement - Dorman:1,616,314 Phillip_Capital:14,629,827
Excess Net Capital - Dorman:8,061,118 Phillip_Capital:19,100,191
Customers Assets in Seg - Dorman:167,465,628 Phillip_Capital:234,982,638
Customers Seg Required 4d(a)(2) - Dorman:163,359,860 Phillip_Capital:213,044,391
Excess/Deficient Funds in Seg - Dorman:4,105,768 Phillip_Capital:21,938,247
Target Residual Interest in Seg - Dorman:2,000,000 Phillip_Capital:10,652,220
Funds in Separate Section 30.7 Accounts - Dorman:4,632,339 Phillip_Capital:11,657,323
Customer Amount Pt. 30 Required - Dorman:3,825,556 Phillip_Capital:6,302,048
Excess/Deficient Funds in Separate Section 30.7 Accounts - Dorman:806,783 Phillip_Capital:5,355,275
Target Residual Interest in Section 30.7 - Dorman:200,000 Phillip_Capital:315,102
I am in process of opening an NT account and am faced with the same choice. Earlier in the thread lax99 touched on fills, slippage and so forth. I have been unable to find anything here through a search for Phillip and wonder if anyone else using them and if so, how has the service been. Any other comments on Dorman would be welcome as well.
