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Welcome, Joe. I'd like to hear about your experience too.

I agree on the cost, but the margin for a Reg-T account is much greater than futures. $693 would be similar to buying $13,900 SPY. (I hope I did that right). If your account is over $25K and you get 4X, that is margin of $3475 and that is just for DT. If your account is under $25K, you can't...

The smaller contract is not good for scalping. Make no sense. OK for investing or swing trades.

My guess is that there is customer flow but MM are going to use the ES value as a reference. They will move together give or take 1 or 2 ticks on the Micro. I do not watch them. None of my clients want them.

Jack W, Thank you for sharing your story. We do not give a discount at this time for the Micros, so we are not a good choice. I want to point out that as an experienced trader looking for lower fees, you should consider that even if you found $0.70/RT, that = $7.00/RT on the ES or about $2.30...

Well, that is an interesting question. The CME believes during times of stress and volatility, that raising margin reduces speculation. I agree. That should help calm markets with less leverage. Maybe not on day 1 but overall. During those times you are asking about, I was an option market...

As much as I enjoy pointing out the flaws with the IB offering, even though I have a number of IB account there with LVX, it is fair to point out that as the stock has dropped, IVOL has increased. The OCC expects brokers to increase requirements for stocks with higher vols. I expect that it is...

Not us.

The floor broker must have the order live on their terminal submitted to the NYSE order book to get their match. The days of telling the Specialist you have an order are gone.

The "Books" module requires Level 2 quotes rather than our Level 1 market data bundle.

GrowleyMonster, I find it very interesting that you have this aversion to WIN and MAC OS and only want to use LINUX. To put this on context, I have been in sales since 2011. It would be my estimate that of manual traders I have been in contact with, 90% use a WIN OS and 10% use MAC OS. I have...

Yes, I read this when it was posted but wanted to confirm. I want to point out that as a client of Lightspeed, you can either call your rep or the Support desk to get responses to this and somebody will answer.

No, that is default and not changeable. It is done to save precious screens space. I believe Sterling Trader pro and RealTick show the zeros.

What does that mean?

A CTA needs a series 3. A hedge fund is a pooled asset not SMA. A CTA with a pooled Asset is either a CPO or an exempt CPO. A CPO will need a 3 and might need a 7 too as it might be considered the sale of a security. A hedge fund that trades futures but is exempt, will likely not need a 3...

I'm not sure what exchanges then can route orders to and get a match, on that list. If I had to guess, I'd say NYSE-ARCA-no, the others maybe. You can call the NYSE help desk and ask.

No, I won't name any clients. I'm also not sure if a 1bln+ hedge fund would custody with us, but they use us for execution and Prime at a larger bank. They might custody at Wedbush for a manager. We have had 40 act funds do that. My target market for Hedge funds are smaller than $250mm and are...

That is where having more than one relationship comes in.

One more comment. I do think this market is not growing but we are attracting both Manual and automated traders to our platform as that is what we excel at. We are also pushing more and more into Futures. We offer a retail type future offering with efutures and target more active futures...

I appreciate your response. The reality is that most traders and small to medium size hedge funds focus on a single market. We try to do one thing, and do it as well as we can, and for now that is the US market. International has a lot of hurdles and is not a priority for us and our growth...