Comments on: Request for help – Looking for a direct market access broker http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/ It may be cheap, but is it a Goode value? Sun, 29 Aug 2010 19:27:42 -0400 http://wordpress.org/?v=2.8 hourly 1 By: InvestorsLive http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-604 InvestorsLive Fri, 08 Aug 2008 14:42:40 +0000 http://www.goodevalue.com/?p=338#comment-604 Sounds good, take it easy bud Sounds good, take it easy bud

]]> By: michael http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-603 michael Fri, 08 Aug 2008 14:16:17 +0000 http://www.goodevalue.com/?p=338#comment-603 I am currently trying out Grace. My account should be set up and funded in under a week. Expect to see a review of them on this blog after a month or two. I am currently trying out Grace. My account should be set up and funded in under a week. Expect to see a review of them on this blog after a month or two.

]]> By: InvestorsLive http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-602 InvestorsLive Fri, 08 Aug 2008 14:14:12 +0000 http://www.goodevalue.com/?p=338#comment-602 Who did you end up going with? Grace or Terra? Who did you end up going with? Grace or Terra?

]]> By: michael http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-600 michael Thu, 07 Aug 2008 01:20:05 +0000 http://www.goodevalue.com/?p=338#comment-600 I just found out about <a href="http://www.terranovaonline.com/" rel="nofollow">Terra Nova Financial</a>. They are self-clearing, which means they probably don't have the best short borrows, but they seem to be a pretty sophisticated broker. I just found out about Terra Nova Financial. They are self-clearing, which means they probably don’t have the best short borrows, but they seem to be a pretty sophisticated broker.

]]> By: Frank http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-596 Frank Sat, 02 Aug 2008 22:15:28 +0000 http://www.goodevalue.com/?p=338#comment-596 Alright, thanks for the info. PS, short SQNM... technically it's perfectly poised Sykes-like to drop, and fundamentally it's a POS that recently issued a new chunk of stock at $15/share. Market cap large enough that puts are available, if you prefer those. Alright, thanks for the info. PS, short SQNM… technically it’s perfectly poised Sykes-like to drop, and fundamentally it’s a POS that recently issued a new chunk of stock at $15/share. Market cap large enough that puts are available, if you prefer those.

]]> By: michael http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-595 michael Fri, 01 Aug 2008 14:43:36 +0000 http://www.goodevalue.com/?p=338#comment-595 Frank - I'm going to be paying a lot higher commissions at Grace than I am at IB, and I am doing a higher volume of trading than you. The main reason I am trying them is because they should have good borrows. As to futures, I have no clue. I've never traded those. Frank – I’m going to be paying a lot higher commissions at Grace than I am at IB, and I am doing a higher volume of trading than you. The main reason I am trying them is because they should have good borrows. As to futures, I have no clue. I’ve never traded those.

]]> By: Frank http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-594 Frank Fri, 01 Aug 2008 14:41:01 +0000 http://www.goodevalue.com/?p=338#comment-594 Ok, good luck. Hopefully he didn't refer Grace just because it might be an affiliate of Tim's. For all his hatred of stock promoters, he's quite a promoter himself. ;) Please let me know how the platform is. For instance, in IB, I still haven't figured out how to set up a chart of combinations of futures prices (the "combined contracts" doesn't seem to work), and that would be real handy. Also curious what commission deal I could get from Grace (I see that it seems widely negotiable, but I send IB probably $300+/mo in commissions, so hopefully that can serve as a basis for comparison). Ok, good luck. Hopefully he didn’t refer Grace just because it might be an affiliate of Tim’s. For all his hatred of stock promoters, he’s quite a promoter himself. ;) Please let me know how the platform is. For instance, in IB, I still haven’t figured out how to set up a chart of combinations of futures prices (the “combined contracts” doesn’t seem to work), and that would be real handy. Also curious what commission deal I could get from Grace (I see that it seems widely negotiable, but I send IB probably $300+/mo in commissions, so hopefully that can serve as a basis for comparison).

]]> By: michael http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-591 michael Thu, 31 Jul 2008 01:36:15 +0000 http://www.goodevalue.com/?p=338#comment-591 I was referred to <a href="http://www.gracefg.com/" rel="nofollow">Grace Financial</a> by Tim Sykes. They cater to hedge funds but will deal with higher net-worth / high-volume solo traders. They clear through Goldman Sachs so they may have good borrows. Genesis has its borrowable stocks list publicly available online: http://www.gndt.com/support/shortlist.htm I was referred to Grace Financial by Tim Sykes. They cater to hedge funds but will deal with higher net-worth / high-volume solo traders. They clear through Goldman Sachs so they may have good borrows.

Genesis has its borrowable stocks list publicly available online: http://www.gndt.com/support/shortlist.htm

]]> By: Frank http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-586 Frank Tue, 29 Jul 2008 04:10:10 +0000 http://www.goodevalue.com/?p=338#comment-586 Michael, I use IB and don't have experience w/ Genesis or RBC, but would be curious how your share-borrowing goes w/ either of them. If you have time to post about them after you become acclimated, I would appreciate it much. Thanks and thanks for all your great fundamental research. PS Short AMSC (fraud stock) and HEV. Puts actually available on AMSC. Michael, I use IB and don’t have experience w/ Genesis or RBC, but would be curious how your share-borrowing goes w/ either of them. If you have time to post about them after you become acclimated, I would appreciate it much. Thanks and thanks for all your great fundamental research.

PS
Short AMSC (fraud stock) and HEV. Puts actually available on AMSC.

]]> By: michael http://www.goodevalue.com/2008/07/request-for-help-looking-for-a-direct-market-access-broker/comment-page-1/#comment-579 michael Fri, 25 Jul 2008 16:14:05 +0000 http://www.goodevalue.com/?p=338#comment-579 To answer another of my questions, Genesis Securities has pre-borrows on hard-to-borrow stocks, plus a great list of easy-to-borrow stocks. Looks like I'll be opening an account up with them. To answer another of my questions, Genesis Securities has pre-borrows on hard-to-borrow stocks, plus a great list of easy-to-borrow stocks. Looks like I’ll be opening an account up with them.

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