Sunday, August 30, 2009
A hedge fund manager seeks our opinion about using Interactive Brokers’ (IB) Hedge Fund Platform to host their entire business.
My trading career as a trader dates back to the mid 80s. In the 90s, I ran the single stock derivatives trading business at Citibank N.A. At that time Citibank’s single stock derivatives portfolio was one of the largest in the world. In 1998, I moved to D.E. Shaw and ran an identical business. In 2004, I started Bigger Capital, a hedge fund that uses advanced trading technologies to make money from market discrepancies. I have been trading extensively on IB's Trader Workstation (TWS) since the late nineties. As a testimony to the superior IB trading experience, Bigger Capital runs entirely on IB’s Hedge Fund Platform. Needless to say, we trust them.
The drivers for our decision to use IB as a prime broker follow (in no particular order):
1. Among the lowest trading cost in the industry.
2. Powerful and reliable technology.
3. A set of extensive and cutting edge API technologies which allows Bigger Capital to tailor the platform.
4. Continuing education via webinars.
5. Introduction of new features on a frequent basis. Examples: Scale Trader and Accumulate/Distribute.
6. Strong credit.
At IB, a representative covers your account and that person will point you towards the appropriate resources to resolve your issues. Our representative is John Cracraft. I have known John for a long time and he has done a great job with our account.
I highly recommend Interactive Brokers as a platform to your hedge fund.
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