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The way you've written the questions is a little confusing. Usually when referring to currency futures we leave the 'forex' label totally out of it so it's clear we're not talking about the spot Forex market. It sounds like you want to focus your discussion to currency futures. 1) What...

We had some discussion on here after the last CME Housing seminar. There's another one coming up next Tuesday. "CME Housing Futures and Options to Launch - May 22, 2006 CME Housing futures and options are the first comprehensive financial tools that make it possible to trade U.S...

The initial answer I received yesterday was that only CME was having problems. I've been corrected by our Technical Support department. They tell me that there definitely were some issues with eCBOT yesterday also. Just wanted to clear that up. Sorry if I confused anyone. Regards,

I inquired with the clearing firms and there doesn't seem to have been any problem that affected eCBOT this moring, just issues with CME. Whatever problems you had with eCBOT don't appear to be exchange related. If you have an account with us I recommend contacting our technical support so...

Information is still coming in regarding the issue. CME experienced price feed issues as well. We just recieved notice that the CME has resolved their price feed issues. Don't know about eCBOT yet.

On the platform, No. They will see the last traded price, but obviously that's not really enough info to trade options effectively. What they can do is phone our order desk and we'll obtain the bid/ask from the floor. Most of our option traders phone in their orders for that reason...

Yes, I've noticed that. Sometimes it makes for fun reading, but most of the time it's completely annoying. I'm still pretty new to posting on Elite, and I'm trying to stick with substantive/useful content. Regards,

I figured this was a worthwhile debate to some readers. Nothing personal intended by my posts.

so how could anyone effectively trade floor options through IB if they can't get the bid/ask?

Follow up question to that: how do your clients obtain the bid/ask on floor options? Do they see that on the platform somehow? It's an honest question. I really don't know. Thanks

My apologies. I was under the impression that IB did not give their clients access to pit markets, including pit options. Since I was not 100% sure, I hedged my reply with 'I think'. It's not really 'misinformation'. I was stating my belief and it was written as such. You should consider...

Hello. I'm not sure you're looking for a broker's input on this one, but you're free to discount it if you want. I don't think that IB offers the ability to trade open outcry options on futures. They probably would allow you to trade the electronic options such as the emini SP. We...

That was the initial margin. Regards,

For the record, our margin was not for CBOE SPX. The margin was given by our CME SPAN margin calculator. Happy trading.

I see. I thought the question converned SP futures options. Thanks for clearing that up.

At their discretion a broker or FCM could require more than SPAN would calculate, but not less.

I'm not familiar with the way stock options are calculated, but for short options on SP futures there is no simple calculation that you could use figure our the required margin. The margin is calculated by 'SPAN', which uses a complicated algorithm which in turn run through multiple market...

Strategy Runner is releasing version 3.0 in the coming weeks and one of the new features is the ability to trade multiple contract expirations. No firm date yet on when the new version will be available.

does anyone know the upfront and monthly price to lease a cme seat? also does anyone know the total exchange fee's per r/t for a leasee to trade the es? the regular exchange fee's for a r/t es are $2.32 r/t i believe. this is not for the 106r which could end this year but a leasee You...

Do you mean the PATS 'conformance test'? That's what I've always heard it called. Traders who have programmed/written to PATS API need to run this test before getting the green light to start using it for live trading. Are you considering writing to PATS API?