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. As a self-clearing securities broker/dealer, Vision Financial Markets is well positioned to cater to the needs of serious day traders.
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 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 – Vision is completely focused on providing the highest possible level of customer service to our valued clients.
Day trading securities
Vision is well positioned to support day trading activities across securities. 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.