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There's a thread over on elitetrader right now with various people claiming they've had trouble getting through to the Mirus trading desk when they need to close trades. Their issues aren't limited to the Zen Fire crash the other day, and seem to be scattered over the past few weeks. Hopefully this has something to do with Mirus' move to a new office and is only temporary. Has anyone here had trouble getting through to the trading desk (aside from ZF crash day)?
Can you help answer these questions from other members on NexusFi?
My broker at amp just told me that they're going to clear through themselves, as opposed to dorman...
Im a little uncomfortable with that, since they are a very small firm....
I'de like to hear some experiences with them as well......
Wouldn't think twice about it. Dorman isn't the Federal Reserve or Fort Knox. Your money is just as safe sitting at a AMP bank as a Dorman one. And besides, your account is probably real small anyway. Odds are, you will blow it out before AMP goes bust, so why sweat the details.
P.s. Mirus is a very small shop with lots of marketing exposure. You might be able to count their sum total of employees on both hands.
Sorry, but I deal in facts, not dreams. I learned the hard way by losing a shitload before I became consistently profitable. I was luckier than most because I had a huge cushion and could sustain the losses.
Sorry to get off topic but, if there weren't newbies coming into the market to feed it money, there wouldn't be big shots like you taking it.... 'nuf said
Very flattrering, but I am hardly a big shot, heavy hitter, or one of "them" who extracts cash out of the market like taking candy from a baby. I work like hell to make a profit, and worry about losing my edge every day. Don't believe those who tell you this business is a walk in the park.
Well, I had a great laugh at the demands on Tony. If I were Tony, I'd dump this new account before I got a headache.
Regarding AMP - isn't this a good development? Better to control the whole process if you're big enough and can get the economies of scale. Accounts are still segregated the same as dorman.
Regarding Mirus being an IB - how much risk is there with an IB vs FCM? Given that futures are same day settlement and Mirus uses Dorman or RCG, aren't your funds segregated the same as well?
