Forums  > General  > Execution and Clearing for a $5 to $10 mln US Equity Algo account  
     
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ps1212


Total Posts: 2
Joined: Sep 2017
 
Posted: 2017-09-26 16:49
Looking for help finding some more alternatives for an execution and clearing setup for a $5 to $10 mln (capital) US equity algo trading account. Need low latency but not extreme, i.e something like Lime for execution would be fast enough. Lightspeed and Interactive Brokers would not be fast enough or likely cheap enough. Appreciate any leads on anyone else to speak with as well as any comments on the providers mentioned.

Executing/Introducing Brokers
Sage
Lime
Bayes / Lynx
Atreyu
Instinet


Clearing
ETC
Wedbush
Apex

HockeyPlayer


Total Posts: 125
Joined: Nov 2005
 
Posted: 2017-09-28 23:16

We are only futures and futures options, no equities since ~2010. Back then you didn't need an Executing Broker for US equities, are you sure you do now?

We were at SocGen / NewEdge for years, switched to Wedbush a couple years ago and have been quite happy. PM for more detail.

ps1212


Total Posts: 2
Joined: Sep 2017
 
Posted: 2017-09-28 23:21
Thanks HockeyPlayer. If we were a broker dealer we wouldn't need an executing broker but that would be way too expensive and too much compliance for us so not an option.
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