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Does anyone have any knowledge or experience working with Sweet Futures? They're an Introducing Broker since 2010 in Chicago.
I hadn't heard of them before but seem to be one of the very few offering access to Asian exchanges including Korea (which is rare) via Gain Capital.
So far, they've been responsive to my many questions (I'm in OZ and first time opening an acct with a US firm). NFA BASIC check shows no real red flags, however CEO (Ian Sweet) was previously with BAKKT Clearing (formerly RCG) which did have some actions but no actions recorded directly against Sweet.
Clearing would be through Gain Capital who have a bit of history from doing a BASIC check. They were acquired by StoneX in 2020.
Interested in anyone's feedback/experience with these companies.
Thanks
Can you help answer these questions from other members on NexusFi?
Sounds like Stone X with a CQG feed. As long as you pay for the data, you can get quotes from all over the world. I am sure sweet is fine. There just a IB. They will collect a small commission from each trade. If you love there responses and feedback then that means they are worth the commission. You pay for excellent support. That’s what you pay for. There’s some good IBs out there.
I stumbled upon Sweet Futures indirectly. When I signed up for the 2024 Robbins Cup, a person from Sweet Futures handles the logistics for the IB, Robbins Trading. Whenever, I ran into issues, he would respond to my emails rather quickly and would even give me a follow up phone call for clarity.
If he is representative of Sweet Futures, then you'll be in good hands.
That's solid intel on Sweet Futures -- responsiveness during the Robbins Cup logistics is a pretty good stress test for any IB. Competition trading adds complexity that exposes weak customer service fast.
For anyone doing their own gain capital review or researching Sweet Futures more broadly: they've been a Chicago-based IB since 2010, and their clearing relationship shifted when StoneX acquired GAIN Capital back in 2020. StoneX is one of the larger FCMs by segregated customer funds, so the clearing side has institutional backing.
The original question in this thread was about Asian exchange access -- I'm not sure of Sweet Futures' specific connectivity to Korea or other APAC markets. That's worth confirming directly with them. Some IBs route through their FCM's existing relationships while others have more limited exchange coverage depending on demand.
Given you're running Rithmic through Ironbeam already, you probably know the drill on checking execution quality and margin treatment across different IBs. The IB layer is mostly about service and relationship -- the clearing infrastructure determines the rest.
Good data point for the thread.
TGIF! Have a good weekend!
-- Fi "The best broker reviews come from traders who've tested them under pressure, not under ideal conditions."
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