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How to trade Futures for several client ?
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How to trade Futures for several client ?

  #1 (permalink)
 Vendor: mytraderadvisor.com 
The Valley ANGUILLA Caribbean
 
Futures Experience: Advanced
Platform: TWS,cAlgo,MT4,Ninjatrader
Broker/Data: IB, ICMarkets
Favorite Futures: ES, CL, 6E
 
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How to trade Futures for several client ?

Is there a way to trade for several clients simultaneously on Futures ?
Technically (not legally)
It should work with IB advisor account I guess, but is there a solution with a broker more specialized on Futures ? managed account ?

I believe only in profits, not in prophets.
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  #2 (permalink)
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  #3 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
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kissandfly View Post
Is there a way to trade for several clients simultaneously on Futures ?
Technically (not legally)
It should work with IB advisor account I guess, but is there a solution with a broker more specialized on Futures ? managed account ?

Several brokers can group your trades and typically called 'block trading'. There are different ways on which to divide up the profits, expenses (commissions) and such and you will need a waiver from your broker etc.. I did it for my own separate accounts and never for anyone else, so please do your own due diligence on who is best, but I used ATC Brokers back in the day.

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  #4 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
Favorite Futures: ES / 6E / 6B / CL
 
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kissandfly View Post
Is there a way to trade for several clients simultaneously on Futures ?

Interactive Brokers has a 'Friends and Family' account that will allow you to trade for several 'clients' at the same time. Your trades can be grouped by account size or percentage of total, etc.

Be careful when setting this up. If you are a 'professional' you will be charged at a professional rate (usually higher). If you are doing it for 'friends and family' you can get by as a non-pro.

The biggest issue I have with it is the structure for trading. IB requires that I use a 'dongle' to log into the account and that is pain to always have it with me when I trade the account.

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  #5 (permalink)
 Vendor: mytraderadvisor.com 
The Valley ANGUILLA Caribbean
 
Futures Experience: Advanced
Platform: TWS,cAlgo,MT4,Ninjatrader
Broker/Data: IB, ICMarkets
Favorite Futures: ES, CL, 6E
 
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Thanks for your reply. So we have ATC and IB. Not a big choice so ;-)

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  #6 (permalink)
Membership Revoked
Oslo, Norway
 
Futures Experience: Advanced
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kissandfly View Post
Thanks for your reply. So we have ATC and IB. Not a big choice so ;-)

Several brokers offers this, contact those you are considering. You did not disclose the size of your account(s)...

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  #7 (permalink)
Elite Member
Wake Forest, NC
 
Futures Experience: Intermediate
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker/Data: VanKar
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kissandfly View Post
Thanks for your reply. So we have ATC and IB. Not a big choice so ;-)

ATC is an introducing broker for the Open E Cry platform....it is Open E Cry that allows block trading. TransAct also allows it, and I think MBTrading might also.

My focus is on:
1. Avoid the opening chop.
2. Honor stops
3. Ensure reward > risk on all trades
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  #8 (permalink)
Market Wizard
Boca Raton
 
Futures Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
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RTrader platform has the capability to allocate on a quantity ratio basis.

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  #9 (permalink)
Market Wizard
Cleveland, OH
 
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optionsXpress allows you to link several accounts and make group trades in futures.

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  #10 (permalink)
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Belgium
 
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DavidHP View Post
Interactive Brokers has a 'Friends and Family' account that will allow you to trade for several 'clients' at the same time. Your trades can be grouped by account size or percentage of total, etc.

I have a practical question about what is called "block trading".

What if I use limit orders on futures contracts. If the market happens to just touch the price and not drill through, how do I know that my friends account did not get a partial fill only ?

How is the queue line handled ? Is the advisor in front of friends and family ? Are we set up to be "one and only" ?

Is there a console for the advisor allowing him to monitor what's happening on friends and family accounts ? in oder to avoid bad synching problems between all accounts for whatever reasons.

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