Recent content by pcvix

GoC Can you possibly elaborate on how the odds and R multiple of the gap-and-crap setup translate into a 72.5% pa return? Thx.

+1 -1

Good point. A quick back-of-the-envelope calculation dividing the distance between Europe and HK by the speed of light gives a theoretical (one-way) ping time of around 100ms. Taking cable signal loss into account probably takes this to over 130ms. Your post really clarifies the merits...

Very clear and detailed post. Thanks, Steve. A related query. When a HK-based IB client uses a leased line to connect to IB's HK hub directly, presumably his ES and ESTX50 orders will have the benefit of the IB HK hub's high-speed link to the group's respective US and Euro hubs. However, what...

CQG. http://www.cqg.com/Electronic-Trading/Exchanges-and-Instruments.aspx

http://www.nakedcapitalism.com/2010/01/so-why-is-the-fed-so-desperate-to-keep-maiden-lane-iii-details-secret.html On March 5, 2009, Fed Vice Chairman Donald Kohn testified before Congress that disclosure of the counterparties’ names would harm the insurer’s ability to do business. That...

Why such premise? Just trying to think laterally...

Hi In TWS, after right-clicking on an order line and choosing "Create" > "Scale Orders", a dialog window appears with two variables, "No of orders" and "Price decrement", which are fixed at 3 and 1.0 repsectively. Does anyone know if these defaults can be altered for any given instrument...

http://online.wsj.com/article/SB10001424052748704825504574586330960597134.html A few years ago I happened to be at a conference of business people, not financial people, and I was making a presentation. The conference was being addressed by a very vigorous young investment banker from London...

http://online.wsj.com/article/BT-CO-20091213-704918.html Dubai's government Monday said it received $10 billion in financing from Abu Dhabi, which will pay part of the debt held by conglomerate Dubai World and its property unit Nakheel. "As a first action for the new fund, the Government...

Action speaks louder than words, Mr President.

http://www.ft.com/cms/s/0/c0f8623e-df7c-11de-98ca-00144feab49a.html