1.What is mean by Introducing Broker?Can you please explain to me in detailed and clear way.?Does anyone can become Introducing broker?
2.What is mean Prime Broker ?Again , Please explain to me in detailed and clearly.
3.Regarding Tax, By trading Options, Futures and FOREX and Making profits…..Is it taxable?If "YES" how much is it?Can you also please tell me what Kind of profit earning securities are taxable?
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http://eu.hotspotfx.com/partnership/introducing-broker/
INTRODUCING BROKER-futures broker who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant. The merchant firm is usually a close partner of the IB.
PRIME BROKER-Prime Broker
A prime broker is a broker offering professional services specifically aimed at hedge funds and other large institutional customers. While hedge funds can trade through a variety of brokers, they are virtually required to do some of their business at one or more prime brokers. Prime brokers are typically large organizations with well known names, like Banc of America Securities, Bear Stearns, Goldman Sachs, Lehman, Merrill Lynch, Morgan Stanley, Pershing, and Speer, Leeds and Kellogg. Prime brokerage services include helping a fund raise money and seeing to special compliance needs, in addition to all of the standard brokerage services.
Trade-Ideas offers a simple value proposition to prime brokers. We help them compete for business. We offer powerful technical analysis tools to the prime broker's customers, and the ability to integrate these with the research, portfolio reports, and other tools that prime broker already offers. This allows the customers to trade more efficiently, and allows the prime broker to distinguish itself.
100% TAXABLE for treading-30%
for short term investment-15%
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