Holladay, Utah, USA
Experience: Intermediate
Platform: Multicharts
Broker: AMP/CQG
Trading: MES, MYM, MNQ, M2K
Posts: 285 since Oct 2012
Thanks Given: 198
Thanks Received: 1,490
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Imagine a site where the brokers come to bid on our business. . . . a clearing house for traders and brokers.
Since volume is the biggest factor and brokers have some leeway on their commissions, this might work! But unfortunately, since each new broker used would require a new setup and a new tax statement would be sent for each broker, the minimum purchase should probably cover about 6 month's worth of trades.
It would be anonymous in the auction stage, and the the trader would commit to paying $X for Y # of trades. The broker would then agree to execute Y trades.
The trader would post something like, "I trade an average of 20 RT E-minis per day. I would like to buy 2400 trades (covering about 20 trading days for 6 months). Who wants my business?"
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