I need to set up an account to accept give-ups from an independent floor trader.
The independent floor trader will do all of the executions and give them up to whatever clearing broker I have my account with. (He says he already has arrangements with MF Global, PFG, FCStone, Kelderman, and Rosenthal Collins at least).
The trades will all be selling option spreads on the full pit-traded S&P futures contact.
Could I get some suggestions for what broker would have low commissions/fees in this mode (just accepting give-ups). Maybe 5perside would be a possibility.
The account would be about $150,000.
Thanks!
Don Brady
please feel free to post here or email me
The independent floor trader will do all of the executions and give them up to whatever clearing broker I have my account with. (He says he already has arrangements with MF Global, PFG, FCStone, Kelderman, and Rosenthal Collins at least).
The trades will all be selling option spreads on the full pit-traded S&P futures contact.
Could I get some suggestions for what broker would have low commissions/fees in this mode (just accepting give-ups). Maybe 5perside would be a possibility.
The account would be about $150,000.
Thanks!
Don Brady
please feel free to post here or email me
