I need assistance in finding an adequate broker for my hedge fund firmSubscribe
I work in a hedge fund in Brazil and currently, when we want to operate in CME's/NYSE's/american exchanges for spot, we are using Interactive Brokers. My boss is concerned about its solidity, since it has lost lots of money recently with the Swiss Franc blow-up and doesnt carry a strong name as other companies. For Futures, we operate with Tradestation, which he is concerned as well.
We have spoken with JPMorgan, but its price is too high (10x Interactve's - 0.05 cents x 0.005 cents per share). Do you guys know a middle-term brokerage firm that we could use? We need a good price, but also a solid firm. Any suggestion is well accepted =)))
Thanks in advance!