JBO
DRO|WST Trading’s Joint Back Office (JBO) account allows traders to apply sophisticated option strategies that can’t be employed with traditional brokerage accounts. Strategies such as butterflies, long and short ratio buy/writes, time spreads and diagonals, which are part of the floor trader’s toolbox, are prohibitively capital intensive in a customer brokerage account.
But through a JBO account we can offer professional traders the same margin requirements as our floor traders. DRO|WST capital requirements for JBO accounts are risk based and offer extraordinary leverage to professional traders who understand and appreciate the risk in their positions. Instead of using the antiquated Reg T requirements created in the 1930s, DRO|WST stress tests each position to determine the capital requirements. JBO capital requirements are many times less than the traditional Reg T margins required at any discount brokerage.
DRO|WST JBO accounts are available via the Internet using our proprietary execution system. This is the same system used by our floor traders for executing stock and option transactions. The system is supported by Sterling Software and provides real-time risk analysis and P&L data. Additionally, commissions for JBO accounts at DRO|WST are extremely low, much less than the deepest “discount” broker.
The DRO|WST JBO account gives the individual trader the same opportunities used by floor traders to maximize their profitability. Contact DRO|WST for further information regarding JBO accounts.