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Good luck. start slow. Paper trading and real trader are VERY different. Paper Trading has no fear or greed. Small cap stocks are a little crazy, We offer a stock scanner and many small and mid-cap stocks come up on this. Very hard to trade them, Lightspeed Trader...

Sorry, but I have to ask. You say you are looking for your "first stockbroker." If you have very little trading experiance, do you think it is a good idea to trade the most volatile and least liquid stocks as a beginner?

I'm not sure we are the best broker for this type of business. If these are all listed NYSE and NASDAQ stocks, maybe. We get the locates from Wedbush and third party locates that are expensive from Velocity Capital. For our per trade rate, we do not offer unlimited shares. The default limit is...

I'm tired, so I might have read it wrong, but it looks like they have different treatment for SPXW and SPX. They consider SPXW a retail offering and SPX an institutional offering. Looks like the change is only on SPX. I might be wrong.... https://www.sec.gov/rules/sro/cboe/2018/34-83089.pdf...

Thank you.

That requires a tool that futures platforms call spreaders. You are at risk to be open on one side. TT has a spreader and can jump in if he reads this. when you enter an exchange listed spread, that is not the case. patrickrooney would know for sure.

Please tell me if I end up being wrong, I expect that single legs are one symbol and traded independently from the spreads. When you do a spread, you only trade with another doing a spread. There is no leg risk on a spread with its own symbol, if you are not using a spreader program like TT.

CQG has conditional orders. Most FCMs offer CQG. IB wants you to use TWS which is not a dedicated future’s platform.

There is a simple answer for this. AMEX, PHLX, and Cboe-this is where the bulk of trades are crossed by floor brokers representing off floor sales trading desks. Each of these exchanges also has a COB. BATS , Arca and Nasdaq offer healthy rebates for offering liquidity so many customers and...

Anyone can call the cme and ask for help.

Futures are much easier to be a member.

The outrights are one symbol and the calendars are another. They don't execute off each other. In other words, the spreads are not scraping orders off the legs. You need to use an autospreader for that. May I ask where you have read that the calendars spreads are not executed in time order entry?

That is not going to work. You have to be a SEC registered Broker Dealer. The clearing firms that do that business do not take small AUM. You need $10mm+. More complicated than just paying for a permit. There is the CBOE Frequent Trader Program ("FT"). Volume of 10K only gets you to the first...

I might have someone. I'll ask him.

The ORF fee keeps changing, but this is a good estimate if you qualify for the $0.35/option rate, not including the cost of software and market data on Sterling Trader Pro, Realtick and Silexx.

Secret Santa, Newedge is now Societe Generale (Does not take small accounts) and I do not think Pershing is approved for PMA. Here is a good estimate of CBOE fees last I looked. I do not update this often. (Without commissions and reg fees.) His volume under our active trader rates would place...

m0gambo, I sent you a Private Message. Bob

It is simple. Your account# at your broker has 3 accounts in the background: Type 1 cash, type 2 margin and type 3 short stock. If you have a cash account, everything should be in the type 1 account, so let's ignore that. For a trader with a margin account, your long stock, long+short options...

In a typical month, are you borrowing money to hold long positions? Is this a Reg-T or PMA? Credit spreads no not cause borrowing. Bob

Or, just move to another broker without an exposure fee.