Recent content by tonyzhou

"The 6,000 share order was immediately filled by another market participant at a price of $9.127 per share" OK. It's this market participant's stupid algorithm. Why it takes ALL 6000 shares? It is obviously their algorithm's error.

This is not manipulation, but obviously SEC thinks so. They are literally found the hole of other market makers/HFT, and make a profit on it. They are really market microstructure pros. If they can beat the algorithm, and the algorithm cannot detect the loop, it is the algorithms fail. Hmm...

What is " nonexchange venues"? Which broker are they use to access " nonexchange venues"?

Is shorting stock gains considered capital gains or income in the United States? It seems to me that it is considered as income in Canada, but how about United States?

What is the US company dividend withholding tax rate for Cayman Island? Is it 30%, and no way to recover as a tax credit?

Anyone familiar with this Cayman setup? https://www.caymanenterprisecity.com/cayman-commodities-derivatives

Which one is more willing to accept small business like this? PwC?

I am thinking to setup another one if income exceeds $500K. I think it should be easy for individual trader business. One thing to mention is the TOSI rule. If spouse needs to get dividends but does not work for 20 hours per week on the business, tax would be much higher, my accountant said.

I consulted a local accountant firm. They told me that a corporation will work. For short term trading, it is income instead of capital gains. For SBD, the tax rate is 13%. So I can leave the money in the corporation after paying the 13% corporation tax, instead of paying the highest bracket...

If I send two REL orders to buy a stock with 0.01 offset amount, will my two orders compete each other? My observation is that sometimes it does and sometimes it does not. If they compete, how fast will Interactive Brokers adjust the order? Or Interactive Brokers can smartly know that the two...

You probably is right. I am not expert as I am doing my own research here. I think the tax system is set up in such a way that you pay the same tax in corporation or in individual. If corporate rate is less than individual rate, I think the difference is the deferred. BTW, last year, my...

For tax purposes. Well, charging a tax rate at 50% on a million income is definitely the worst scenario. Reading the forums now and people suggests to set up corporations, and it seems that tax can be deferred in this way like RRSP.