A hedge fund manager seeks our opinion about whether he should use Interactive Brokers' Hedge Fund Platform to host his entire business.
Sunday, August 30, 2009 at 3:01PMMy career as a trader dates back to the mid-1980s. In the 1990s, 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 Trader Workstation (TWS) from Interactive Brokers (IB) since the late 1990s. As a testimonial to the superior IB trading experience, Bigger Capital runs entirely on IB’s Hedge Fund Platform. Needless to say, we trust IB.
The drivers for our decision to use IB as a prime broker follow (in no particular order):
1. IB’s trading cost is among the lowest in the industry.
2. IB’s technology is powerful and reliable.
3. IB offers a set of extensive and cutting-edge API technologies, which allows Bigger Capital to tailor the platform.
4. IB offers continuing education via webinars.
5. IB introduces new features on a frequent basis, such as Scale Trader and Accumulate/Distribute.
6. IB has strong credit.
The IB representative who covers your account will point you toward 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 for your hedge fund.
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