Search results

The CFTC allegations were for “banging the close” NOT for spoofing. Placing a large bid in an order book - yes away from other price prints but well within the exchange daily price limits, and letting that order stand for the entire 15 minute closing is perfectly legal. This particular swap...

I have to disagree. What Don Wilson and DRW did was NOT spoofing. DRW placed RESTING orders into the order book away from the market but within legal daily trading limits and left them there to be filled during the entire 15 minute closing period. They weren’t crossing trades or placing then...

Oh yeah, they’ve been going after banks and prop firms HARD. One big bank a couple years ago paid a big fine and was told if they did it again they’d be banned from the CME. (Which is huge because every customer they have and broker trades for uses CME products) Geneva Trading, which is a...

So smart :strong:

To be fair - anyone, including an independent individual trader, can lease collocated server rack space at the CME. Wishing automation to go away is akin to wishing that Silicon Valley didn’t have a monopoly on technology development. That horse left the barn decades ago. In terms of...

I meant no offense. My apologies to anyone whose feelings I hurt. I found it paradoxical that ET Members either ignored or were unaware that Karen Bruton agreed to the SEC’s fraud charges in September, 2018 and that her NFA licensing was withdrawn in October of 2018. I found it odd that...

Let’s just cut to the chase here. We are thirty years into electronic trading exchanges - they’re not going away and Algos and automation aren’t going away. It is a waste of emotional energy to piss and moan about it. There are some hard truths that need to be taken to heart: 1. Trading OTC...

Are you aware of any specific examples of a regulated US futures exchange selling order flow, or selling order queue priority like the equity markets and cash forex markets? Enlighten me.

There’s a very good reason for that. Introducing Brokers overwhelming have pretty much one strategy of customer: flat price directional bets from an independent trader with more times than not nominal capitalization. That’s easy - the only sticky element to that is risk controls on a guy with...

Honestly, SIG, I’ve had at least a hundred clients open direct clearing FCM accounts with quite nominal amounts of money. Introducing Brokers are around because they market and they advertise.

By design EVERY futures exchange order is one FCM order matched with another FCM’s order. Your statement about prop desks KNOWING where stop orders are located is a bald-faced lie btw. I’ve worked at prop desks for several years (including two FCM’s) and they are completely separate operations...

The three platforms I can personally vouch for are: CTS T4, CQG Integrated Client, and Trading Technologies with a very important caveat: you have your trading account with a major direct clearing FCM like RJ O'Brien, Advantage, Rosenthal-Collins... (a few others also) and you set up your...

I'm not going to comment publicly about discount brokers with IB exchange status but you can very well guess. And yes, before they come to me on occasion clients shopped around for commission rates and used discount Introducing Brokers. We dispense with that quickly. Is it worth it to save...

OK, so you have a person who proclaims that Black Lives Matter. The City of Seattle wants to build a police station in a black neighborhood beset by crime but she does not want that. So in truth black lives and safety don't matter as much as a fairly innocuous dick joke. She's more offended...

I totally get that and understand that. Depends on the Company and the situation as well. You could hardly blame a male executive for being extremely cautious (and frankly paranoid) at a firm with a zero tolerance policy. Even Bill Maher, who's as liberal as they get, thinks that the MeToo...

Possibly the slick move would be to declare oneself gay on social media. Like Kryptonite! :strong: Oh, just forgot about Kevin Spacey... :banghead:

So I googled "Hugh Mungus" and it was a treat. The woman on the video was a Black Lives Matter protester who was opposing the City of Seattle building a police station in that neighborhood. Here's the great part: someone launched a page titled "Help Hugh Mungus" on GoFundMe,which gathered...

About half of my clients come to me with an Introducing Broker. I tell them to shitcan that arrangement immediately. Set up an account directly with RJ O'Brien, Rosenthal Collins, Advantage... They just don't seem to realize that with an IB, you are introducing serious latency into your...

I've had the worse luck with the hog market. The last two trades I put on - immediately in my face. Like Karma for every BBQ pork rind I've ever consumed. Cattle, fine. Grains, fine. But those Hogs...

My feeling is that her fanboyz keep bringing up the metrics she cites in her 2015 Tasty Trade interview and other media interviews and press releases from her office and the fanboyz consume and distribute her bullshit as facts - but maybe they were unaware or blind to the 2016 SEC filing says...