Index Arbitrage Firms
Program Trading averages more than 60% of the volume every day and on some days is a lot more. If you are trading index futures and stocks and options, it is now mandatory for you to know program trading, fair value, the premium, and the execution of buy and sell programs. You must know exactly who is doing the program trading, exactly what time they are doing it, and with which stocks.
In order to help you learn more, we've listed some of the top program trading and index arbitrage firms below. We've also included their four letter market maker symbol for NASDAQ, just in case you are online trading stocks on NASDAQ Level II and want to know which NASDAQ market makers you should be watching very closely. Especially when you see the PREM
move a lot. We pay special attention to the NASDAQ market makers in red. If you would like to know why, then
contact us and we will answer you promptly.
|
GSCO |
Goldman Sachs & Co. |
MLCO |
Merrill Lynch |
|
LIME |
Latour Trading, LLC |
BOFA |
Banc of America Securities |
| BCAP | Barclays Capital, Inc. | MSCO | Morgan Stanley & Co. Inc. |
| SGAS | SG Americas Securities, LLC | SBSH | Citigroup Global Markets, Inc. |
| FBCO | Credit Suisse Securities, LLC | DBAB | Deutsche Bank Securities, Inc. |
|
UBSS |
UBS Securities, LLC |
BNPS | BNP Paribas Securities Corp. |
|
WEDB |
Wedbush Securities |
JPMS | JP Morgan Securities, LLC |
| RBCD | RBC Capital Markets, LLC | INCA | Instinet, LLC |
|
CCMC |
Commerzbank Capital, Inc. |
HSBC |
HSBC Securities |
| NMRA | Nomura Securities, Inc. |
WFGO |
Wells Fargo Securities |
| CUGS | Cuttone & Co. Inc. |
JEFF |
Jefferies Execution Services |
| IBKR | Interactive Brokers | CIBC | CIBC World Markets Corp. |
| SUSQ | SIG Brokerage LP | LYON | Calyon Securities, Inc. |
|
PFSI |
Penson Financial Services, Inc. |
BNYC |
BNY Convergex Execution |
| ABNA | ABN AMRO Clearing Chicago |
WEED |
Weeden & Company |
| MLEN | Millenco, LLC | BERN | Sanford C. Bernstein & Co., LLC |
|
WGTC |
WG Trading |
GUZM | Guzman & Company |
| MLSI | Schon EX LLC |
BELB |
Electronic Brokerage, LLC |
| TWPL | Thomas Weisel Partners |
INNT |
Intrade, LLC |
| OCON | O'Conner & Company | GETS | Getco Securities, LLC |
Now you know who is doing all of this program trading. In order to find out at exactly what time they are doing it, you will have to do a lot of research. For most traders, it is a lot easier to just buy our research.
And if you want to know which stocks that they are using, you will have to have a ton of computer equipment and software, good data feeds, and do a lot of research and study. If you would like to know how we do it, then click here. If you would like to know what stocks they have been using lately, contact us with your name and phone number and we will call you with the URL for one of our Program Trading Stock Reports.
Additional information about program trading and index arbitrage, program trading firms, and who is trading stocks on the NYSE and on NASDAQ Level III or index futures is available by attending one of our Program Trading Seminars.
