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Great reply, thanks..Well the pennies can add up, over a large number of trades. Also the spread could be wider than a penny depending on whats stocks you trade. Is it true that you cannot get traded through on ARCA? How come?

I'm not from ib but theres something called ACATS which is a system that automates and standardizes procedures for the transfer of assets in a customer account from one brokerage firm and/or bank to another. You'll get your stock positions + cash moved to the new account at IB but it might take...

When is the latest time i can request a locate in order to get a verdict before 9:15am?

sounds like some form of over-optimization is going on..does your system use any fixed number parameters, eg it needs a 17-period moving average to give good results on the 6 month data but if you use a 15, 16 or 18, 19-period moving average then the results are much worse? that could indicate...

Thanks for all replies. Assume posting more than 1200 shares is not an option since you can get hit on all of them as was kindly pointed out. Assume hidden orders are not an option either. Assume share size is between 1000 and 5000 shares I guess the question is: is it better to spread out...

If i want to buy 1200 shares of a given NASDAQ stock at the bid, is it better to place 400 on INET 400 on ARCA 400 on BRUT or is it better to place 1200 shares on any one of those ECN's to maximize my chances of getting filled?

sounds like ur using amibroker...either way, slippage is a function of volume and other things, have u factored average volume into your postionscore or yesterday's volume, u can make your positionscore variable as simple or as complex as you want, and i think the only way to see whether your...

Well, they're all very late to the game, its 2006, the "online trading revolution" happened around 1999 !! What took them so long, lol...I guess its good to *finally* see the oligopoly "cracking" if we can call it that yet. How laughable that canadians are the first people to get turned away by...

not sure if its already been mentioned, but having xp pro on your pc allows you to connect to it from another networked PC via remote desktop, which is (theoretically) just as if you were sitting right at your PC..xp home doesnt have that to my knowledge

Several hours is not good enough, i think! Ideally you should be able to determine if you'll be able to short a stock or not before the open or at least soon after the time you intended to short it. I hope the system improves to become truly "electronic" (ie minimal delay), otherwise what's the...

Ok, heres a list of news types...for which of these would you take a stock off your list if you were supposed to trade it that day (due to your system rules) or close a position you're holding in advance of an upcoming news announcement? Also do you find that blocking or staying out of stocks...

genesis can host your strategy but you have to write code that will interface with their API. http://www.gndt.com/technology/blackbox.htm

Interesting post, Steve. I've heard it before from others, but why is prop trading considered a shady business in general? Any specific reasons that lead you to this mental image?

What does "experience in the financial industry" mean? Does that refer to series 7 license?

Well, not necessarily if you have a decent "short edge", there is no reason why your short trades wouldnt be as profitable as your long trades. At the same time, even if your short trades are slightly less profitable than your long trades overall, they may still be worth the benefit of being...

great ideas chewbacca..i would add "limit the maximum $ value of positions that can be taken on"..eg all open orders cancelled and trader is limited to closing positions only if he takes on $100,000 worth of positions

Yes, why would you be interested in having a long-only portfolio? Theoretically, u can have longs and shorts in the portfolio and thus be more balanced and decrease volatility in your portfolio. That requires you to be able to play both sides of the market though a skill that is presumably more...

r u saying that the US government or the fed "intervening" behind the scenes to prop up the stock market is out of the realm of reality? i wouldnt rule it out..

There was a recent discussion about hedging against a powerful intraday move http://www.elitetrader.com/vb/showthread.php?s=&threadid=63921&perpage=6&pagenumber=1 I think that hedging by having short positions as well as long positions (market-neutral) is a more natural and effective way...

im also thinking it could be interesting to test % losers because thats what everyone will want to short in order to participate in further downside action