Every MJT user will need a Clearing Firm
MJT is currently compatible with Goldman Sachs, BAML and ABN Amro.
If you have a clearing Firm that is not currently compatible with MJT we will entertain coding to that Clearing Firm.
Any Clearing Firm you choose must be compatible with the exchange you are quoting to.
MJT also works with several middlemen who act as the Broker Dealer on behalf of the trader. These middlemen aggregate middle level and smaller traders together to meet the greater commitments required by the Clearing Firms.
There are many advantages to these middle layer firms.
Provide a BD for the trader
Provide tech support
Better commissions based on scale of many users
Sometimes provide additional risk capital
No individual exchange audits which can be extremely time consuming for small operators
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