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There is an obligation of the exchange where your order was routed to not cross or lock the market though. They have the responsibility of linking to the other exchange and getting your order executed. And that IS Ameritrade's responsibility to ask the ISE for an execution of your order if...

I think it was reasonably priced on financials. How can you justify a 720 P/E to an IPO investor? (That's at 66,.. thanks neutrino)

IPO 4.04 M shares. Volume - 15.8 M shares traded. Priceless.

I believe GOOG was about a week after the IPO. There should be news soon on a date for listing them. Too bad you can't short for 30 days. I wonder if there are a lot of accidental "oversells" today......

( DJ ) 08/05 12:31AM WSJE(8/5) Breakingviews: IPO Of Baidu Not A No-Brainer (From THE WALL STREET JOURNAL EUROPE) As pitches for initial public offerings go, Baidu.com's is dead simple. This is "China's Google" -- the most popular Internet search engine in the most populous country...

Unbelievable!! I'm getting calls all day saying it's the Chinese version of Google. Hello!!! .09/share is a huge difference from $3.38/share. Welcome back 1999.

Htrader, I'm confused now. If you route to an MM, is it always supersoes? Is this something particular to Direct Access Trading? Who holds the limit order on their books then? I've always thought it was the MM that was holding the limit order and responsible for filling the order.

LOL. That would make sense that the call/put writers would love them. Hell, the buyers would actually like them better I'm guessing. Seriously though, how much premium would you get out of a week's option? Or could this be a new way to play the earnings game? I would guess the premiums...

Got this from a memo: You may remember reading a while ago about “quickie” options. Well, the SEC has approved them and we expect them to trade in September. The group’s opinion is that call/put writer will love them. We shall see. Has anyone heard of quickie options that can...

IBsoft, How does the system know that a market center has opened but the one where my order is placed hasn't opened yet? Also, you stated you offer individual BBOs but the commissions are higher to route to my own destination. Is this done online on through a broker on the phone? Thanks...

freehouse, Thanks for the exhaustive research! I agree, the exchange is not liable for a trade-through based on their opening rotation. That makes sense with limit orders since their orders obviously won't be part of the BBO. But this wasn't a trade-through, it was a market order. For...

LOL. Ahhh.....the ultimate piker stock. CMKX. Let me guess. You bought 10 million shares thinking, if it only goes up to 1/10th of a cent, I'll make millions. Did you find this stock through some other pay-service website? (I mean, another one you were touting?) Call this options company and get...

Wow! You have definitely enlightened me profitaker. I think I'm going to forward that to the OCC and get their take on it. It makes sense to get some sort of value out of the merger with the other company. Options get adjusted for stock-mergers, why shouldn't all-cash mergers?! One...

Are you serious??? They actually do that in the U.K.?

Yes, there can be trades on the options when the offer is unconditional, but once the options become adjusted to a cash settlement, they generally cease trading and there is no more time value that can be had. The stock will no longer be trading at that point, and there is no more money to be...

IBsoft, That sounds perfect for market orders. I went to IB's website but I couldn't find anything about getting quotes or routing to each exchange directly. Does IB offer this service?

The OCC is who decides what will happen to options due to a corporate action. Options are adjusted all the time and they are subject to becoming cash-settled-options as ig0r stated. The settlement adjusts the option's fair value, not the other way around. Here's the info on your...

I'm not trying to sound like I know everything about this industry, but you could probably tell which department I work in on the street. You're confusing the 2 requirements. Maintenance requirement is different from Reg-T initial requirement. 2 to 1 applies to the latter. You're required to...

I can't speak for every brokerage firm, but they all definitely do not calculate Reg-T amounts 10 minutes before the close the same day of the trade. They can't know if you're going to close out after that...or even in the afterhours. That is still considered the same day. It's also due to the...

yeah, i just edited the last post. sorry about that. i was thinking about overspending the 4 to 1.