Search results

Meaning you could get three different prices for the same bond at the same moment in time between an ML type broker who might be using their own inventory vs. an OTC wired broker with online capability but your order is still subject and it takes several minutes for status update vs. a...

As far as the inventory system goes and the little microstructures you referred to, its always to the dealer's advantage for certain. I am well aware of this. Your other point on "talking" to the actual desk and getting inside the inventory price is true and in many cases there are just too...

The coolest part though about the app platforms is that the inventory does update in real time. So it does not matter if you see a fill on TRACE lets say. All that matters is the particular inventory of a specific bond dealer wired into your network. So If you are wired in via your specific...

I actually pulled the Etrade example out of my proverbial arse and have not used it hands on; only going on what one particular trader told me that they very recently, a few months ago, dramatically improved their bond platform comparable to Fidelity. So phone calls should not be part of that...

In some instances, especially BAC or ML, you are right, basically allot of times you are merely feeding off their own stuff which can be rather limited especially junk, you have to call them on the phone then. And there are some brokers who still have executables that are subject, like Scwab for...

I can confirm for the both of you. Regarding corps, there are several broker dealers now at the retail level offering a total electronic bond platform experience that essentially looks and feels allot like a real time Level 1 NYSE type interface where buy or sell orders can be fulfilled in a...

OK. Appreciate your time. In terms of the actual number of EFP's I can sell is that based on the actual underlying value of say the stock price? In other words if you have $100K of cash and the stock price is $10, that would mean 10,000 shares. Would it be prudent to use leverage in the case...

Can you just walk me through the logistics. Say for this illustration, I wanted to simultaneously long the underlying stock while selling the equivalent SSF. ONXX1D 2012-08 OCX. BID = 0.0700 ASK = 0.0860 I would then take out the above bid price @ .07 by selling or shorting the above...

Lets just say hypothetically you did go the RIA path. Even if you ran the whole show being founder & CEO and essentially an independent, you still would need to establish a relationship with a broker dealer who services RIA's in order to maintain your licenses and provide clearing/trading...

I retract that. There is reason for regret. Picking up 1000 MSFT shares in 1986 and holding present day would yield you a position now of 288,000 shares. So potentially a $25K investment would be worth $8.8MM. But getting back on track to OP. The most successful folks on here, which I will be...

Don't regret too much because MSFT actually never traded at $2 per share on a public exchange. It IPO'd in early 1986 in the mid $25 handle. That would turn out to be the low as it very quickly started moving upwards and in only 14 months the stock price had shot up to $115 and in late 1987 had...

What is “Super” then? As users become increasingly aware about privacy and its various clauses, companies have started to resort to new tactics to ensure that their tracking continues uninterrupted. This thing gives birth to a kind if cookies named as “Supercookies”. This concept was...

You are right. I reread the posts of yours that I reread earlier and I just garbled what someone else said into your post regarding the form 8949. My sincerest apologies. I have not had to use a broker provided "worksheet" in years because I no longer trade with any kind of frequency. When I...

Thanks for responding. I appreciate it. I re-read the thread and this is what is throwing me off; possibly since I am just not in the proverbial loop anymore. On the first page of this thread, someone else asks, in addition as to when they will be receiving the 1099, when will IB be...

Can you or anyone else just clarify this for me please and this is not IB specific since everyone is going through the same thing. I actually use ML because I get so many free trades a quarter. So the 1099's are out. For the section 1099-B, there are three new "covered" sections for both...

Feb12 = February 2012. My quote system for monthlies assumes 3rd friday of each month expiration day. This is truly amazing. I can not recall in quite some time when a stock has made a steady non-stop rise like this over the course of less than 21 days or so. The Feb $470's have now gone...

Historical Quotes for AAPL Feb12 470 Call January 23, 2012 Open = $1.44 Low = $1.44 High = $2.02 Close = $1.98 Volume = 2,088

They have never done a R/S before. Since inception, there has been three AAPL 2-1 stock splits (1987, 2000, &2005), so that would put the stock price actually at $3,945.36 per share.

If iPhone5 is not equipped with 4G, I will be very curious to see impact on sales. Read somewhere that 4G LTE is up to 10X faster than present 3G topology. The new DROID is a pretty intense device. I obviously understand the significance of social standing etc. and the fact that iPhone was...

Thanks everyone for all of your comments. I ended up doing nothing but sitting on my hands. I dont why I did not think of the hard to borrow factor. At one point, the net premium pocketed from opening up the three positions/spread I inquired about got up to a whopping .59. Presently at this...