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  1. Robert Morse

    Banned ?

    See...full service broker :D
  2. Robert Morse

    Banned ?

    I know SLE. Not banned. Xela choose to leave. SIG just posted. https://www.elitetrader.com/et/threads/tsla-what-a-joke.323713/page-6#post-4704772
  3. Robert Morse

    Banned ?

    What makes you think they are banned vs choose to not participate?
  4. Robert Morse

    What happens when the ES Index futures options are exercised ?

    NO. I think sometime this year or last, the CME got rid of exercise exceptions. You should call them and confirm.
  5. Robert Morse

    Looking for a portfolio building software for clients

    I have a call with these guys tomorrow because I get that question a lot. Hedge Fund Tear Sheet Design-Gate 39 Media. https://www.gate39media.com/solutions/tear-sheet-design/
  6. Robert Morse

    Question: Are Conversions/Reversals a viable strategy?

    There is not now nor has there ever been a dividend on GLD and they have never said there will be. If there is, it would likely be considered not an ordinary dividend and it is likely the OCC would adjust the contract.
  7. Robert Morse

    VIRT

    Earnings came out 7/27 and the stock dropped. https://marketchameleon.com/PressReleases/i/664535/VIRT/virtu-announces-second-quarter-2018-results
  8. Robert Morse

    Automated Option Trading Tool

    We do not offer it, but Actant Quote for market makers and Actant ExStream for institutions works based on scripting. http://www.actant.com/ Bob
  9. Robert Morse

    Question: Are Conversions/Reversals a viable strategy?

    The strike is 112 46 days/360 = .127778 of a year Cost of carry at 3% is 112*.12778*.03= $0.429333 at 2% it is $0.286222 Seem inline to me. You make $0.30 but miss out on interest at the riskless rate. If I plug in 2.4%, the t-bill rate, that is now= $0.343467
  10. Robert Morse

    Question: Are Conversions/Reversals a viable strategy?

    Assuming before 4pm ET you can buy the GLD for 114.33, nothing I can see. I assume the stock was not offered there and was higher, but hard to tell.
  11. Robert Morse

    Funding new traders Search for a better business model

    Not enough information here, Give me a call Monday or send me an email with more details. In general, your investor can open an account and make you the authorized trader. With regard to if you need to be licenced as an RIA, that would vary based on the state you do business in. If the...
  12. Robert Morse

    Funding new traders Search for a better business model

    Yes and no. Yes, you can create a legal entity to share the cost of non-display market data fees from the use of hosted solutions and API. NO, you can't keep your funds separate. The account must be owned by the entity. No you can't share the cost of display fees with different users that do not...
  13. Robert Morse

    Looking for capital

    If your goal is to make more money for yourself and you are comfortable increasing your leverge, go for it. If your goal is to manage SMAs or start a fund with your track record, I recommend you do not increase leverage and continue to do the same thing. You can use what you are doing as base...
  14. Robert Morse

    Ninja trader vs. IB

    Do you currently use NT to trade?
  15. Robert Morse

    Asking the right questions

    Where ever your fund reside, that determines what protection you get, So yes, while your funds reside in the SIPC protected account, you are protected by SIPC. "Quality of fills", I took that to refer to depth and liquidity, Speed of execution is based on many factors. Number of hops to their...
  16. Robert Morse

    Asking the right questions

    No. Futures account are not insured, I wish the NFA/CFTC would create a SIPC type insurance even if it just covered very small account for years until they can build the funds to a meanful number. Your futures account are protected by the segregated accounts...
  17. Robert Morse

    Kim Klaiman's Steady Options

    I'm going to quickly jump in. I would define: Edge = Anything that increases your odds of success to be consistently profitable. Secret sauce = The private metrics, analytics, data set that you have access to that if you share it, would provide the ability for others to copy your trading.
  18. Robert Morse

    A question on stop orders

    No, not true. Marketable orders are paired in time order. When you are a seller, the buyer is paired with the next seller at that price. The buyer that is the next one up from time order. The only exception is the NYSE where a floor permit holder gets a match with the order book. This only...
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