Starting an independent brokerage firm?
Is starting your own brokerage firm as easy as buying a seat on an exchange? Obviously there is computers, software, facilities, membership qualifications, marketing, and skills involved but does owning a seat on a stock exchange essentialy allow one to "make the spread" rather than "pay the spread" and have an overall more direct way of trading?
I am trying to get a better understanding of brokering, day trading, and investment banking.
Relevant and helpful information is appreciated, thank you.


August 13th, 2010 at 7:16 am
you will need a series 24 among other licenses which at a supervisory level ( your own firm) require 3 years industry experience