Futures Trading

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Mar 27, 2009 4:42 pm

I'm searching for information on wirehouses that permit FAs to trade futures contracts for clients--aside from using MFFs. According to their website, Wachovia appears to be one. Does anyone know if RJ, UBS, MS, EJ, or ML also permit this? Thanks.

Mar 27, 2009 4:49 pm

Baird is an employee-owned wealth management, capital markets, asset management and private equity firm with client assets of more than $74 billion.

Mar 28, 2009 11:49 am

If you want to trade futures, go to work for FC Stone.

Mar 30, 2009 4:58 pm

AGE used to have this available, although I understand very few people took advantage of it. Same with Smith Barney. All the wires I'm aware of today have you get the 31 instead of the 3 so that should be an indication of the desire to move away not only from transactional biz entirely but especially one with such potential liability. It will be up to your BOM to approve. They all theoretically have the platform available. (The major wires anyway.) You may want to look at Brokersxpress for indy if even remotely considering futures. I've heard LPL makes it a pain to trade them even though it's possible.

Mar 31, 2009 5:18 pm

If you want to play that game its 24  7  365 and you best have a PHD on the type of product you are going to be trading. You are going to need to find clients that want to turn variable costs into fixed costs. I have a client thats a Pig Farmer that tries to lock in feed prices. I passed the futures trades to a futures trader.

 
That last thing I would want to do is play that game. VERY VERY far from worth it considering the time and effort.
 
IMHO
 
If single stock futures ever gain enough traction to actually be liquid enough to trade that might be a diff ballgame.