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    Monthly flat fee trading coming - 20$ for stocks, 100$ for options

    BTW with some further thinking regarding the Barron's list, I find it curious that they leave out robinhood (the "free trading app"). They do not provide a reason why they exclude it.
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    Monthly flat fee trading coming - 20$ for stocks, 100$ for options

    Barron’s 2017 Best Online Broker Ranking has just been released (if no subscription, google line above and click through to article). http://www.barrons.com/articles/barrons-2017-best-online-broker-ranking-1489811850 For the first time that I can remember, IB is not the least expensive broker...
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    Interactive Brokers is a scam, 2-3x margin maintenance requirements

    hmm how long are you following the markets? AMD was at 2 just one year ago, and has a history of bouncing around hard. It seems to flirt with bankruptcy every couple of years. It is in the volatile tech hardware sector, currently "worth" 13 billion in the market, yet still showed a loss for the...
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    China's bitcoin crash

    another interesting article... https://www.bloomberg.com/news/articles/2017-01-16/high-speed-traders-are-taking-over-bitcoin-as-easy-money-beckons
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    China's bitcoin crash

    just incredible. guy recklessly gambling his life savings away and now asking others to refund his losses. typical speculative bubble, "greater fool" ponzi scheme in bitcoin: "By the age of 34, Ding Wen had built up a personal fortune of more than two million yuan after years of hard work at...
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    Interactive Brokers just removed $100,000+ from my account

    I also think that it has "just" been a bug. No actual money or position transfer out, nor a mispricing. I also noticed this a few times. The first time I freaked out quite a bit, thought a russian hacker sold some of my stocks and wired the money to Novosibirsk or something similar; I went to...
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    Interactive Brokers Implements Price Caps

    Thank you, def, for the reply. As it happens, one of my orders was price-capped just today. On Friday evening after market close, Acanthe Developpement (ACAN/SBF - Euronext Paris) announced positive news. Today (Monday) before the open, I entered a buy order with limit 54 cents, but was capped...
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    Interactive Brokers Implements Price Caps

    Unfortunately, def, my experiences with the caps have been different. I remember that it has taken 15-20 mins for the price caps to reflect the current market price. I had to watch bids/asks and last prices moving higher and higher while IB's price caps lagged behind, effectively locking me out...
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    Interactive Brokers Implements Price Caps

    MoreLeverage, I have exactly the same issues with this "I periodically run into these caps and they definitely cost me profits when I am unable to trade aggressively and am being "protected"." and @def, I support the same solution "Calling to have the cap lifted is often not feasible in a...
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    TSLA/SCTY merger. Does it make any sense?

    Musk and Rive once again had to step in to finance SCTY until TSLA investors pick up the tab. Of a 124m SCTY bond offering, they bought 100m... “They were hoping to target impact investors,” Serota said. “That hasn’t happened.”...
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    FT: Rise of the DIY algo traders

    Good point. I wasn't clear enough. They COULD do it before. But they didn't. Because previously the hurdles were too high, it was too costly, and a very significant time investment - we are mainly talking about tech guys and university researchers doing this in their free time. It is a bit...
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    FT: Rise of the DIY algo traders

    According to the article, 80k people have signed up to Quantopian already, with user numbers sharply rising. Quandl adds all kind of different datasets regularly. It certainly allows mathematically-inclined people from anywhere in the world to backtest and implement a statistical arbitrage...
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    FT: Rise of the DIY algo traders

    https://www.ft.com/content/0a706330-5f28-11e6-ae3f-77baadeb1c93#axzz4HZFYVuvD besides Quantopian, the article mentions a new firm (I haven't previously heard of) in the backtesting and funding platform business, https://www.quantiacs.com
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    TSLA/SCTY merger. Does it make any sense?

    The real problem is likely that SCTY has lost access to affordable debt financing that they absolutely need for their ongoing business (to pay for the panels, the installations, and most importantly the massive overhead and sales organization). A while back, SpaceX subscribed for some 150m SCTY...
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    Hedge Fund Losses From Epic Valeant Rout Estimated at $5.3B

    This Valeant - Pershing thing is getting weirder by the day. http://www.valuewalk.com/2016/05/valeant-ackman-emails/?all=1 http://seekingalpha.com/article/3973074-valeant-unsealed-ackman-emails-terrify-bulls The tone of some of these emails smells like pump-and-dumpers exchanging their views...
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    The Fall of China’s Hedge-Fund King

    another long read ;-) http://www.nytimes.com/2016/04/03/magazine/the-fall-of-chinas-hedge-fund-king.html?_r=0 really quite amazing how the "business" has been conducted over there
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    Good read - the start and end of a Ponzi scheme

    http://www.ai-cio.com/The-Departed.aspx
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    Hedge Fund Losses From Epic Valeant Rout Estimated at $5.3B

    Well, being less aggressive than Ackman doesn't mean that ValueACT's lower guidance is transparent or conservative. In fact; i do not understand how you can give guidance at all in this situation. http://www.latimes.com/business/la-fi-lazarus-20150306-column.html When (at least part of) your...
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    Hedge Fund Losses From Epic Valeant Rout Estimated at $5.3B

    The FT has an interesting article, "The boardroom bust-up behind the worst day in Valeant’s history" (google and click through to avoid pay wall). Bottom line: These hedge funds (ValueAct and Pershing), through their representatives on VRX board, are involved in setting guidance for the company...
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    Interactive Brokers and registration of shares

    Well, certainly, giving customers the option to register shares in their name would require additional and/or changed automated processes. However, it's certainly not impossible. IB today already borrows shares for you to short sell from other financial firms, in case they don't have inventory...
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