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Atlas Ratings on FCMs
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Atlas Ratings on FCMs

  #11 (permalink)
Trading Apprentice
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Ratings by Futures Magazine

Just found the Top 50 ranked by Futures Magazine in late 2010:

MF Global: #8
RCG: #17
IB: #20
PFGBest: #26
Vision Financial: #29

I realize that rankings/ratings aren't definitive, given MF Global being in Top 10 less than two years ago, and anything can happen. Just thought it was interesting.

I'd post the link, but....

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  #12 (permalink)
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DavidHP View Post
The information they posted is simply taking data they assembled and creating a chart.


@DavidHP

They assembled data, but then they weighted each category and summed to get a total score. How did they weight each category?

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  #13 (permalink)
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ThatManFromTexas View Post
Atlas appears to put a lot of weight on CFTC complaints. Rosenthall Collins is rated near the bottom. Is that because they deserve to be , or is it because they have been in business for 90 years and have accumulated a normal number of complaints per year?


Hi ThatManFromTexas. I don't post much so I'm still getting the hang of it- hopefully I quoted you right. I just had a thought and wanted to share. Please correct me if I am mistaken, but I got to thinking... can one really divide the number of regulatory infractions over the company's total years in business? In RCGs case 90? So I checked to see if the CFTC and NFA were around back then. Per wikipedia I saw that the CFTC was formed April 15, 1975, and the NFA was founded in 1982. So I was thinking perhaps really the question isn't about how many regulatory violations occurred over total company years in business, but rather about how many regulatory infractions have they had since the founding of the respective regulators which would be 37 (cftc) and 30 (nfa) years respectively. Would this logic make sense or might I be missing something? I'm new to all of this so, I appreciate any extra wisdom.

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  #14 (permalink)
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drunkcolonel View Post
Hi ThatManFromTexas. I don't post much so I'm still getting the hang of it- hopefully I quoted you right. I just had a thought and wanted to share. Please correct me if I am mistaken, but I got to thinking... can one really divide the number of regulatory infractions over the company's total years in business? In RCGs case 90? So I checked to see if the CFTC and NFA were around back then. Per wikipedia I saw that the CFTC was formed April 15, 1975, and the NFA was founded in 1982. So I was thinking perhaps really the question isn't about how many regulatory violations occurred over total company years in business, but rather about how many regulatory infractions have they had since the founding of the respective regulators which would be 37 (cftc) and 30 (nfa) years respectively. Would this logic make sense or might I be missing something? I'm new to all of this so, I appreciate any extra wisdom.

Better yet, need to know the number of TOTAL infractions for all FCM's on a per year basis, and weight each individual FCM as their score relates to the total.

Mike

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  #15 (permalink)
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Big Mike View Post
.... are we sure that they aren't already weighing that column by year? ...

Mike

@Big Mike

That's the problem... we don't know.

Who are they? We don't know.

Do they have any affiliations ? We don't know.

If you are a subscriber does it boost your rating? We don't know.

I'm just a simple man trading a simple plan.

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  #16 (permalink)
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ThatManFromTexas View Post
@Big Mike

That's the problem... we don't know.

Who are they? We don't know.

Do they have any affiliations ? We don't know.

If you are a subscriber does it boost your rating? We don't know.

Exactly my point, we know bl00dy nothing!
And the first step in analyzing any report or study is finding out who paid for it.
So as we don't know anything about the Atlas rating they could just as well have used dice to come up with these numbers.

vvhg

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  #17 (permalink)
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ThatManFromTexas View Post
@Big Mike

That's the problem... we don't know.

Who are they? We don't know.

Do they have any affiliations ? We don't know.

If you are a subscriber does it boost your rating? We don't know.

It would seem all of their info is coming out of the CFTC report, which is free. So not sure why they think it is worth so much money. I went to go find the price, but they must have taken it off the site because I can't find it. So then I pulled up a cached copy of their website:

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So $348 for an individual, on a per-year basis.

Interesting that they removed this option. You can't buy the report right now. With all this new press, you would think they would be wanting to sell the reports. But it seems they instead made a decision to take the reports down...

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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  #18 (permalink)
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drunkcolonel View Post
Hi ThatManFromTexas. I don't post much so I'm still getting the hang of it- hopefully I quoted you right. I just had a thought and wanted to share. Please correct me if I am mistaken, but I got to thinking... can one really divide the number of regulatory infractions over the company's total years in business? In RCGs case 90? So I checked to see if the CFTC and NFA were around back then. Per wikipedia I saw that the CFTC was formed April 15, 1975, and the NFA was founded in 1982. So I was thinking perhaps really the question isn't about how many regulatory violations occurred over total company years in business, but rather about how many regulatory infractions have they had since the founding of the respective regulators which would be 37 (cftc) and 30 (nfa) years respectively. Would this logic make sense or might I be missing something? I'm new to all of this so, I appreciate any extra wisdom.


@drunkcolonel

Good man... you did your homework!

My point was you can't just look at raw numbers.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #19 (permalink)
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ThatManFromTexas View Post
...
The problem is deciding how to weight each category...

Very true.


Quoting 
1. Should funds in excess of required deposits be weighted by size or percentage?

Percentage.


Quoting 
2. Should large firms with huge balance sheets be weighted heavier than small firms? If so, how does a small broker who offers excellent customer service get started?

That's really hard, I wouldn't give it too much weight either way.

Quoting 
3. How do you weight years in business? Is an older firm secure or a dangerous dinosaur? Is a newer firm a risk or are they more technologically astute?

As long as they had enough time to establish themselves somewhat, I wouldn't give that too much weight.


Quoting 
Atlas appears to put a lot of weight on CFTC complaints. Rosenthall Collins is rated near the bottom. Is that because they deserve to be , or is it because they have been in business for 90 years and have accumulated a normal number of complaints per year?

Perhaps have a certain lookback period like 5 or 10 years and then see complaints/year (perhaps divided by customer seg funds sum)

More important than these numbers are probably the structural risks (e.g. prop trading).

vvhg

Hic Rhodos, hic salta.

Last edited by vvhg; July 14th, 2012 at 03:55 PM.
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  #20 (permalink)
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Big Mike View Post
It would seem all of their info is coming out of the CFTC report, which is free. So not sure why they think it is worth so much money. I went to go find the price, but they must have taken it off the site because I can't find it. So then I pulled up a cached copy of their website:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


So $348 for an individual, on a per-year basis.

Interesting that they removed this option. You can't buy the report right now. With all this new press, you would think they would be wanting to sell the reports. But it seems they instead made a decision to take the reports down...

Mike

Maybe their raising their rates since they got so much play on futures.io (formerly BMT)....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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