Recent content by nebulous

fwiw BMO has had a big institutional seller for the last while

I feel like adding a little to the etf conversation - just info, not making any call on n.gas direction. All the etfs tracking front month are still subject to a lot of decay during contango which makes them a poor play aside from short term. HNU/HND on TSX - 2x leverege with good volume are...

"Your mistake is defending the individual investor in the first place....If they want to play in these waters, they accept the risk...That doesn't give them the right to bitch about GS having better programmers or faster computers." - well said Dustin. People always seem to ignore the fact...

Hi Canuck, Been in both situations. I much prefer the bank pro trading. I'd call pro trading the evolving of canadian equity market making - the banks also often have proprietary trading as a seperate division where they sub portfolios or allocate cap outside thus the naming distiction. I...

Fairly rudimentary now too. Their legacy KTA platform has/had a lot of penetration in the Canadian market. Iress is stable, 'quick' and has some interesting features. 'Quick' - as in execution is quick when an order is fired - it is not the quickest for order entry. It is a little basic and...

Forgot to mention an important part of being bought in this way (if you don't already know this) -> If you cover for regular settlement after the notice is sent to you, you are still subject to buyin as your shares will not be delivered in time. This could cause you to wind up long at a...

First, let me say that I'm not condoning how IB handled your situation, just commenting on the changes in how buyins are handled. The SEC rules changed about a month ago. I agree that it sucks getting buyins with little notice, but there's also more to understand about this. Now when a...

I think the earlier post ment Fidessa (not finessa). Fidessa, ORC and the others all should be very reliable. I have experience with ORC - reliability for equities is fantastic, but for the money it should be. ORC Trader (much less liquidator) and Fidessa have a lot more functionality than...

IMO I'd agree with the suggestions to take a break and revisit the strats. Revise your risk management - maybe something like no more than 10% loss in a position, no position stops bigger than 2% of the portfolio cap (factoring slippage into all stops). You need realistic targets too. I'd...

HXU is 2x levered to the TSX, which was down over 2% today - it tracks just fine, just have to watch the right market...usually the TSX and US markets correlate pretty well, but not everyday. TSX is dominated by Banks, Oils and Metals with a little RIMM on the side - occasionally this makes it...

There's a thread in the prop firms forum that listed and ranked a bunch of US prop firms.

To the OP, when I said I recommend the IB's for their training programs and as a good place to start out if you can, I should have included top prop houses in that catagory too. As far as I know Wolverine is a good firm and has a solid development program. KrispKreme50 - I think the...

Bonuses or commisions are often the main portion of most traders comp at IBs. That said it all varries from desk to desk and bank to bank - and why wouldn't it - sales traders, equity mm, derivatives mm, fi, structurers, prop all have very different rolls, capitalization and motivation...

The csi trader training course doesn't teach you to trade either - its a regulatory course. You need the TTC to register as a trader (sell side execution/sales or rdt/specialist) with a Canadian Broker/Dealer. Wouldn't recommend taking it until needed. Unfortunately I think the only csi...

Not easy to start out trading in Vancouver right now with very few entry level options. As mentioned there's Bright/PairsCo and remote options with title and a couple others. CSC won't help you trade, but is a good idea in Van cause, though its probably not what people want to hear, one of...