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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.
Can you help answer these questions from other members on NexusFi?
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.
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.
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Platform: Sierra Charts, Investor RT, Ninja Trader
Broker: VanKar
Trading: NQ
Posts: 520 since Sep 2009
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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
RTrader platform has the capability to allocate on a quantity ratio basis.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
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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.
