Search results

Unless the trade was reported late by the exchange, seems that the clearing firm should eat the trade.

Thanks for posting.

A couple of quick questions for anyone that might know: - do the outages effect the browser based system in the same way as the stand alone? - the announcement mentioned that it effected clients who tried connecting to the data center - could users with stand alone tws choose to not...

Oldtrader and TraderNik, It seems you guys are right that the double order in conjunction with the software glitch caused the problem. But in fairness to the OP, since he seemed to have been monitoring his positions and outstanding orders, is it reasonable to assume that if the software...

Thanks to IBJ for describing their analysis in detail and to the OP for allowing IB to post the results here. Two quick questions: 1. at what point on the time line did the OP contact IB? 2. in my experience, compensation for out trades is based on liquidating the position (at a profit...

It has been a while since I've used TWS, so the answer to this question may be obvious, but bear with me: Can a user manually "re-submit" an inactive or canceled order under the same order number? I would have thought an order that had been canceled (or rejected) would have one order number...

The article in Forbes is about houses for sale in the same neighborhoods as the Forbes richest: "Here is the list of homes for sale in places where the top Forbes Four Hundred Richest in America members live." According to the same article, Buffet's house in Omaha is appraised at $350K...

phillyflipper, Thanks for sharing. Could you take a moment to note what the specific pattern is that you are looking for? Thanks again.

Hi Ron, Yes, of course most traders are interested in non-Bernoulli distributions which necessitates generalizing the formula for scenarios that include more than two outcomes. But, and I may be wrong because I have never worked through the math myself which I understand to be non-trivial...

The original Kelly formula was based on an all or nothing bet, i.e., the amount you invest and potentially lose are the same, probably accounting for the differences of opinion. My interpretation is that it represents the amount you can lose. Keep in mind that a stop does not guarantee a max...

Thanks John - wish that I was wrong.

DTrader, Thanks for sourcing and sharing the info. in your link - lots of interesting stuff there.

IB Kevin and Stratergy, Based on your experience, can you give some guidelines on bid/ask spreads for larger size orders, for example 100, 500, and 1000 lots outright and then the same for spread orders? Thanks - appreciate the info.

OT, I've held treasuries in futures accounts as well, but I suspect, and I may be wrong, that those t-bills provided no greater protection against losses or fraud than other instruments. First, I never received a 1099 from the treasury for earnings on those t-bills, suggesting that the...

One of us needs a new calculator. Mine says you are paying 10X the amount of your agreement, for example on the purchase and sale of 7,500 shares: 15000/(300+249)=.0366 not .00366

Danny, Can you talk about routing at Options House? Specifically, I am interested in whether and how clients can self direct orders, and also how the smart routing algorithm chooses destinations. Somewhere it was posted that traders need to telephone in self-directed orders to Options...

How did they earn 700M on a 9B fund that lost money in 2006?

Forgot to mention that this was a place popular when I was there in the 80's.

Pabst, Do you know the name of the lunch spot directly across the street from the east side doors of the CBOT - always crowded at lunch time, with traders and brokers yelling out their orders for sandwiches? I have fond memories of the fish sandwiches from that place though my arteries...

Why would they want traders to call in, perhaps to discourage routing or a deficiency of their order placing software that might change at some point? I can't imagine telephoning a broker to place options orders throughout the day.