E*Trade Offering Futures, Your Firm?

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Apr 4, 2007 1:23 am

Did anyone's firm start offering futures or having their brokers get a series 3 when single stock futures became available? Which of the major firms have the 3 attained regularly or at least optionally?

Apr 4, 2007 5:05 pm

brokersXpress does and has their reps getting series 3 liscensing. 

Apr 5, 2007 1:43 am

bXpress, I was surprised to find the financial futures are more heavily traded than metals. I'm curious of all the mainstream stock firms that coincidentally have their reps get a 3 do it to integrate financial (single stock, index, treasury) futures into their stock portfolios for hedging techniques or are actually active in physical commodities. I don't see why there isn't more action in commodities considering 20:1 leverage vs using equivilant ETFs like GLD OIX, etc. I'd like to get a 3, but wouldn't want to do only commodities...

Apr 11, 2007 10:43 am

Get the 3 and diverse the product offering.  We have reps who use comodities more then just a hedge play

Apr 11, 2007 11:59 am
bXpress:

Get the 3 and diverse the product offering.  We have reps who use comodities more then just a hedge play



Is English your first language?

Apr 11, 2007 2:13 pm

...apparently, they've outsourced to India...

Apr 11, 2007 7:04 pm

bXpress,


 Be careful, apparently there are a lot of English teachers turned brokers on this board.  They really jump on people if they make grammatical or spelling errors.

Apr 11, 2007 7:05 pm
BullBroker:

bXpress,


 Be careful, apparently there are a lot of English teachers turned brokers on this board.  They really jump on people if they make grammatical or spelling errors.



BB I understand why you might react like that given our history.

But really...go back for a second and read his post that provoked my comment....

Apr 11, 2007 7:14 pm
Indyone:

...apparently, they've outsourced to India...


Do you really think he's a Sand Arfrican American?

Apr 12, 2007 12:35 am

I'd like to do futures, especially financial related. One tech question. If you're at a firm where one can do futures/commodities and securities in the SAME account, how do the customers who are using margin see it calculated? Obviously from an accounting standpoint it would be easier to seperate the two accounts (securities vs. commodities) in some visual way or toggling between the two as sub accounts for the purpose of margin calculation, but if one wishes to view "the total picture" at once, this is preventative. Just a single figure for available margin or a detailed explanation of what's 2:1 reg t and what's the 20:1 commodity limit? (Obviously you couldn't use available margin from a future to purchase stocks utilizing the larger leverage.)

Apr 12, 2007 11:19 am

Here it has to be a seperate account.