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ping gw1.ibllc.com

I thought cash FX is unregulated. No one has jurisdiction.

List everything. Not that big a deal. Depending on your broker, you can download to Excel, TurboTax, etc. If you can't download, change brokers now.

Right. Spend the energy making the business run better and better. Shorts won't want anything to do with the stock.

Depending on the size you are doing, it might make sense to use currency futures. You will not get paid interest (the interest differential is built into the transaction price), but you will get exposure to the currency, and the spreads and costs are small.

Potentially huge news? China Central Bank Raises Benchmark Interest Rate (Update3) April 27 (Bloomberg) -- China's central bank unexpectedly raised its benchmark interest rate for the first time since October 2004 to cool the world's fastest-growing major economy. The one-year...

Personally, I would not mind if they added time to the beginning and/or end of the day, so long as they closed for lunch, like they do in Japan. Then, each day, we would get two openings. I don't think they should open earlier, because it would be so bad for those of you out West. But...

In addition, I wish TradeStation would raise their equity credit interest rate, which was 1.125% for amounts over $10,000, in March.

I like this idea. A broker that offered a Schedule D-1 for each taxable personal account, in addition to the normal statements, would be offering its customers a HUGE service.

The IRS could have stated that they did not need to see every transaction from mtm traders, traders whose d-1s would be over 1000 pages, or whatever threshold they chose to enforce. They did not (I wish they had). Instead, in their three-month-old update titled "IRS Clarifies Schedule D...

"One story making the rounds of the Big Board floor was that an independent trader - known as a $2 broker - had a large buy order executed despite canceling it several minutes before execution. " I thought this experience was reserved for us upstairs traders! Thanks for the link, mahram.

Awesome link, traderstatus. Thanks.

I don't know the current regulations on futures options. Securities options are not included in the 1099, per IRS rules.

"Berkshire is also subject to equity price risk with respect to certain long duration equity index put contracts. Berkshire’s maximum exposure with respect to such contracts is approximately $14 billion at December 31, 2005. These contracts generally expire 15 to 20 years from inception...

http://www.trendfollowing.com/whitepaper/japan-1999.pdf interesting article. missed it earlier.

IB allows you to earn short-term interest rates on all funds over $10K. Avoids all the machinations involved in moving funds into/out-of T-bills. Customer-friendly model, IMHO.

I do not know if you are a psychic, but that was a good call.

As I understand it, brokers are allowed to report futures P/L either inclusive of commissions or report futures P/L pre-commission with commissions itemized separately. IB does the latter with futures. For the past few years, I have included a note to the IRS which specifies how I handled my...

continued....... RANK: 5 (TIED) Stephen Feinberg CITY: New York FIRM: Cerberus Capital Management AGE: 46 Known as the king of the vultures, Cerberus has some $16 billion in assets -- almost double its 2003 figure. Feinberg, who began at Drexel, personally runs around $4 billion, a...

Thanks for the heads-up, Algo. Here is first part of the article for those who do not have a sign-in: Trader Monthly 100: The Top 10 The highest-earning traders of 2005. By: Rich Blake , A.D. Barber , Robert LaFranco Issue: April/May 2006 , Page 69 The Top 10 The Top Hedge-Fund...