Futures Day Trading

In conjunction with the growth in electronic markets and advancements in technology, there has been a corresponding increase in the number of people who engage in day trading the various financial markets (stocks, options and futures). As a self-clearing securities broker/dealer and a self-clearing Futures Commission Merchant in all of the primary U.S. futures markets, Vision Financial Markets is well positioned to cater to the needs of serious day traders across all of these asset classes.

Why day trade through Vision?

Vision provides the platforms, pricing, execution, data and support that day traders need to attempt the successful implementation of their respective day trading strategies.

Platform - The platforms we provide to day traders provide access to major U.S. futures markets and to the securities markets for stocks and stock options. Click here for more information about the specific trading platforms available through Vision.

Pricing - For clients who actively day trade through Vision, we are able to provide very competitive pricing across the various asset classes.

Execution - We offer very low latency for rapid execution of electronic orders and we support various types of orders including some unique order types that provide for potential price improvement.

Data - Our day trading platforms provide clients with real-time market data (streaming level 1 and/or level 2 data) for professional and non-professional users (fees may apply).

Support - Since Vision's inception over twenty years ago, we have been and remain completely focused on providing the highest possible level of customer service to our valued clients.

Day trading securities versus day trading futures

Vision is well positioned to support day trading activities across both the securities and futures markets, but there are important differences among these categories that traders should be aware of.

Futures

The futures side provides greater leverage then the securities side and can be 10-1 or greater. The minimum amount required for each account depends upon the type and number of contracts that are traded. Client’s intra-day leverage on a position will be restricted on a per contract basis.  Overnight futures margins are set by the exchanges, but intra-day levels can often be significantly lower than overnight limits and are negotiated by the Futures Commission Merchant.

Click here to learn more about futures margins available through Vision.

Traders can day trade futures with a lower balance than on the securities side and they have the ability to go short as easily as going long. An additional benefit of trading through Vision is our membership in the One Chicago Exchange for Single Stock Futures.

Futures are marked-to-market each day and there must be enough funds in the account to cover the margin requirement when you place the trade versus T+3 settlement for stock trades or T +1 for stock options. Pricing for futures day trading is determined based on factors including the account balance (i.e. intended funding value), trading intra-day versus overnight (position) trading, options on futures versus futures contracts, trading volume and other factors. Contact Vision to learn more and to obtain a quote.

THE RISKS ASSOCIATED WITH TRADING FUTURES AND OPTIONS ARE SIGNIFICANTLY DIFFERENT THAN THOSE OF STOCK INVESTING AND INVESTORS MAY LOSE MORE THAN THEIR INITIAL INVESTMENT.

DAY TRADING FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS.

Securities

On the securities side, accounts must maintain a minimum equity of $25,000 to engage in day trading and the maximum intra-day leverage allowed under Regulation T is 4-1. In order to sell a stock short, the specific stock must be easy-to-borrow (i.e. their must be a reasonable expectation that the shares can be borrowed by settlement date). If the shares are not easy-to-borrow, they may be available on a hard-to-borrow basis, but that will have a negative interest rate associated with borrowing them and once borrowed, shares sold short can be recalled by the lender at any time for any reason.

Stock trades settle in three business days following the trade date (T+3) and stock option trades settle T+1. Vision offers very competitive pricing for stocks and options that combined with our advanced platforms and non-throttled market data empower any day trader with our firm to feel like they have the power and pricing of a large institutional client.

There are risks associated with day trading securities as detailed in the Day Trading Risk Disclosure Statement.

  • You can lose more funds than you deposit in a margin account;
  • You are not entitled to chose which securities or other assets in your account(s) are liquidated or sold to meet a margin call;
  • The firm can increase its "house" maintenance margin requirements at any time and is not required to provide you advance written notice; and
  • You are not entitled to an extension of time on a margin call.

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