|
PureBytes Links
Trading Reference Links
|
Second what Tim said about Manning. He is a great guy, extremely
knowledgeable and excellent broker who is very fair with clients.
Im biased because he is a friend of mine... but then again, I have many
broker friends who I wouldn't say this about.
Good Luck,
Stewart.
At 02:54 PM 11/13/98 -0600, Timothy Morge wrote:
>Rose Lee:
>
>I was going to just send this reply privately, but a broker spammed the list
>right after your message with incorrect and misleading information about
>brokerage rates, and so I think all of us deserve equal time.
>
>I trade all of my furtures through Chicago Corporation [or ABN-AMRO]. That
being
>said, they do not take personal accounts any longer, they have grown too
large.
>But I do execute overnight exchange for physical currency trades with
Rosenthal
>Collins, because I know several of their cash currency desk traders from
trading
>in the cash markets. I never have any problems with Rosenthal Collins
executing
>my trades, EFP, Globex or otherwise and they are always helpful and
>professional. Their back office is very good--and that means alot in these
>volatile markets. When I traded on the floor of the MERC, I knew several
larger
>floor traders that cleared through them and they have a good reputation.
>
>I would also look into Lind-Waldock. They have been around forever and their
>reputation is good, especially when it comes to individual accounts. At
one time
>in the 80's, I arbed cash currencies with Lind, before they became Lind
Waldock.
>For individual accounts, they seem worth investigating. And I know some
people
>on this list trade at both places.
>
>How about Manning Stoller? He's a very well educated guy, he's on the list
here
>and he also has been in the market for quite a long time. Try reaching him
at:
>
>Mstoller@xxxxxxxxxxxxx
>
>And then, hans's last part, about being willing to pay a decent broker
more than
>he charges, is great advice. A good broker will save you more money than
you can
>imagine, even if it is just peace of mind. Once you find one, stay with
him or
>her. I won't wax poetic on my relationships with my floor brokers...but
suffice
>it to say I spend much more on gifts for my floor brokers than I do on
presents
>for all of my extended family. I respect them and they give me great service.
>
>I hope that helped some. If you don't understand costs, just ask on the
list and
>we'll drag out the exact cost per contract, per item, on Monday, when we can
>quote someone verbatim from the exchanges--just to be fair if anyone wants to
>try to sell a $12.50 clearing fee again!!
>
>Best,
>
>Tim Morge
>Rose Lee wrote:
>>
>> Interested in your comments Hans on brokers ....
>> Thinking of opening an account with keystone.
>> Do you, or anyone else have any comments on them.
>> Even better do you have any specific suggestions.
>> As per item 10 re commission a private reply would be welcome.
>> Rosalind 8-)
>>
>> -----Original Message-----
>> From: hans esser Subject: Re: futures brokerage commission
>>
>> > 3 things determine commission.
>> >
>> > 1) Volume.
>> > 2) Broker assistance.
>> > 3) Account size.
>>
>>
>> 10 things determine a GOOD broker
>>
>> 1) !!! HONESTY !!!
>> 2) fills
>> 3)....
>> 4)....
>> 5...
>> ...
>> ...
>>
>> 10) comish !
>>
>> I know brokers I would not trade with FOR FREE - I use brokers I would pay
>> double of my current rate (but dont tell them :-))
>>
>> rgds hans
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
|