MLM Directory

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.

Public Comments

1. you will need a series 24 among other licenses which at a supervisory level ( your own firm) require 3 years industry experience