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  1. Robert Morse

    Difference between IB services/fees for retail and hedge funds

    My experience is not the same. Those that do not offer a laundry list on the website provide a service that needs to be customized to each client and can't be represented in the way you want.
  2. Robert Morse

    Difference between IB services/fees for retail and hedge funds

    At Lightspeed we do, but for institutional accounts I have room to negotiate. https://www.lightspeed.com/pricing/commission/ Lime only offer services to broker dealer and institutional type clients. That business is not the same for each client as they offer ultra-low latency DMA in a hosted...
  3. Robert Morse

    Difference between IB services/fees for retail and hedge funds

    Goldman Sachs, UBS etc provide a different level of support and product mix. There are also a better custodian for $500mm+. Your needs are met with a platfrom and rates, a hedge fund cares about more.
  4. Robert Morse

    Interactive Brokers Prime Services

    A few reasons I can think of to Prime at IB but execute at another broker: You only want to custody and clear at IB for whatever reason but need: to get access to a trading desk or floor broker. to get access to a low latency hosted environment. to give commissions to another broker to get...
  5. Robert Morse

    Is it time to throw in the towel?

    In my experiance, it is very hard to make money in the first 2 min. Many traders play breakouts, it jumps, then dips to the old break out point, maybe a little below, and all the day traders stop out, then 30 min later, we are higher.
  6. Robert Morse

    Is it time to throw in the towel?

    Here is the important question. What will you do differently from now to June? The same trading will likely create the same results.
  7. Robert Morse

    Leaving TDA to consolidate to one broker

    A master/sub with one master and 2 subs would share the same buying power. If you open two independent accounts , they will not.
  8. Robert Morse

    Leaving TDA to consolidate to one broker

    If it helps you to separate these strategies, we can offer Master/Sub accounts to US based clients. The Master account holds cash and you can have two trading account - one for each strategy. The advantage of this set up is they share margin and you get one monthly statement and one 1099. Yet...
  9. Robert Morse

    How to get ThinkorSwim in NZ

    I can't speak for TD, but at Lightspeed we can offer foreign accounts and there is no restriction I'm aware of for those from New Zealand. We offer only US Listed Equities/Options/Futures.
  10. Robert Morse

    Proprietary and Self-Employed Financial Trading

    At traditional prop firm, you get a salary vs P/L with a W2. You're an employee. At a JBO prop firm with your money as first loss, you are a partner and get no salary and get paid with a K1. This is closer to self employment, because if you make no money trading, you get no pay.
  11. Robert Morse

    Transfer money between brokers by trading?

    Then how can they stop you from taking your money out of your account? I must be missing something.
  12. Robert Morse

    Transfer money between brokers by trading?

    " This broker allows arbitrage trading, with agreement to their LP's.". Are you trading in their Limited Partnership account or in a customer account in your name?
  13. Robert Morse

    Transfer money between brokers by trading?

    Sounds like you have an allaoction to a hedge fund vs a customer account. Either way, the transfer of funds to another account by trading is not legal and should be avoided.
  14. Robert Morse

    Transfer money between brokers by trading?

    Is that a regulatory rule in the country where you trade, that you can't take out your money when you want from a customer account, or is this a prop firm?
  15. Robert Morse

    Hedging ratios for vega neutrality/vomma trading

    What software do you use to view your risk?
  16. Robert Morse

    Hedging ratios for vega neutrality/vomma trading

    Knowledge is always good. I was not commenting on your post. What I run across are those that do not care about how options are valued and how they change over time and the other side where the trader/manager needs to know everything. EVERYTHING! There was one guy in particular, no names. He...
  17. Robert Morse

    Hedging ratios for vega neutrality/vomma trading

    I agree. As a small local market maker, I liked to have most of my risk on one greek at a time, where I thought the edge was. Most of the time, that was Vega. There was always supply in the back months and often demand in the front. It was often not up to me what my positions looked like, as we...
  18. Robert Morse

    Reverse trend correlation?

    I had to google that. Before I did, all I thought about was,"Mambo dogface to the banana patch."
  19. Robert Morse

    Hedging ratios for vega neutrality/vomma trading

    I hope you can find a way to make consistent profits with all this extensive knowledge. I find for the average trader, this is making the business if trading overly complicated. I have been on the side of the business since 2011. I have noticed consistently over time, that simple strategies...
  20. Robert Morse

    a good platform for bracket order execution

    No. There are no guarantees for this. You are always subject to market conditions. I will say that we offer RealTick with server side conditional orders. Server side executions are faster than local on your platform. Not a guarantee of getting your price...
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