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Strategies & Market Trends : DAYTRADING Fundamentals

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To: RockyBalboa who wrote (7049)2/27/2000 8:55:00 PM
From: LPS5  Read Replies (1) of 18137
 
The typical benefits that proponents of such a set-up note are the synergy of experienced traders around you exchanging ideas, giving looks, etc; the economies of scale which permit for lower ticket charges; and the ability of a broker-dealer to procure execution and information services which an individual - particularly one working at home - wouldn't be able to. Bloomberg terminal, Instinet terminal, ITG subscription, AutEx, etc., etc.

Also, some (who could offer such) used to promote the leverage they could provide in excess of Reg T before regulators began pushing for full registration of any customer (thereby rendering them an "associated person" and de facto employee or consultant) trading in excess of the standard 2:1 buying power.

LPS5
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