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Since the biggest retail brokers like TD Ameritrade are not direct access, it will not affect many retail traders immediately, but it will affect some, for example those trading through leased exchange memberships. Everybody will be affected indirectly because liquidity will be slower to...

If trades have to go through vetting and supervision before they reach the exchange, it's no longer direct access.... Brokers can send your order to limbo before they give their OK. Bottom line these rules can be gamed and guess what it's not the brokers or the banks, but hedge funds...

More regulations more rules more control more monitoring, blah blah where does it end? Don't they realize that their socialist regulations, monetary and fiscal policies cause crashes? Traders do not cause crashes. http://www.reuters.com/article/idUSN1318449520100813 Global body urges...

Assuming you're non-US citizen, non-US green card holder, Monaco resident filling a W8BEN, there is no tax withholding from trading gains (capital gains), or interests etc. you still owe dividend tax 30%. So basically you're trading at 0% tax. Not having a tax treaty it's actually a good thing...

If the 75,000-contract sale was closed, the question is when?? A 100-point bounce is worth 75000 X 100 X 50 = $375 million if sold at the bottom. That firm might've lost a fat wad of cash with that trade. No need to fine the morons.

Seems it's a mutual fund. Its futures sales may have been part of a portfolio-insurance-like strategy like the one that caused the '87 crash. This proves that it's the whales (mutual funds, retirement, pension funds etc) who cause crashes. Stop demonizing and scapegoating hedge funds and...

Update http://www.globenewswire.com/newsroom/news.html?d=191286 UPDATE -- The NASDAQ Stock Market Names Stocks With Cancelled Trades The NASDAQ Stock Market Had No Technology or System Issues Associated With Yesterday's Trading Between 2:00 and 3:00 p.m. Eastern Time NEW YORK, May 7, 2010...

Jerome Kerviel disagrees with you.

Yep, there are several. Sorry about that.

Press Release The NASDAQ Stock Market Names Stocks With Cancelled TradesThe NASDAQ Stock Market Had No Technology or System Issues Associated With Today's Trading Between 2:00 and 3:00 p.m. Eastern Time NEW YORK, May 6, 2010 (GLOBE NEWSWIRE) -- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ)...

http://media.globenewswire.com/cache/6948/file/8211.htm I don't see ETFs in the list.

Kerviel Systems Model 101.

Buffett Interview on YouTube below, the SP500 futures comment is in Part2 Guys this is proof that America is going to the toilet, in China they just introduced index futures a few months ago. If the eminis get banned in the good ol USA then traders will go ... to China???. Apparently...

Krugman: advised Spain, now he's persona non grata there. Stiglitz: advising Greece, badly hurting them with his incompetent advice.

Margins still at crash levels: $5625 overnight, $4500 manteinance. Volatility down, market up since early 2009, but margins still the same.

Amazing recount.... forget CSI, CSI: NY, CSI: Miami, this is CSI: Dubai and it's as good or better than the TV series: http://www.spiegel.de/international/world/0,1518,679764,00.html Everybody (except Dubai Police) is looking like idiots: -Hamas: an important, high ranking official had...

Simon Johnson MIT professor and former IMF chief economist says Goldman will be blacklisted and probably banned... http://www.businessinsider.com/simon-johnson-goldman-is-about-to-be-blacklisted-and-possibly-banned-in-europe-2010-2 While Angela Merkel calls greek swap deal 'a scandal'...

What happened to Greece? Goldman Sachs, that's what happened to them. http://www.spiegel.de/international/europe/0,1518,676634,00.html http://ftalphaville.ft.com/blog/2010/02/09/145201/goldmans-trojan-greek-currency-swap/

Yes in theory it's a great idea. International law mostly assume that people have only one citizenship unless there are dual citizenship treaties, or the law (usually international private law) explicitly regulate persons with more than one citizenship. So if you go to Switzerland with your...

It sounds like an Offshore Asset Protection Trust. Under US Tax Code, they have no effect on taxes so you'd still have to pay. Reporting requirements are a huge pain though. The only real solution to pay zero tax to the IRS is renouncing citizenship and moving out of the U.S. If you still...