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dottom, you beat me to it

is that your theory?? Theoretically prices can keep getting cut in half and not go to zero. Ever heard of a reverse stock split?

Why wait for tomorrow? (currently offered at 843.75) how can you lose?

The actual NYSE rules which were written about a year ago state that a customer's buying power is defined as follows: "Day trading buying power is calculated based on the customers account position as of the close of business on the previous day. Day trading buying power is limited to four...

for clarification, IB will be posting an example on the web site today.

I know it sounds like T+1 but that doesn't make much sense. For example - what if you had $50,000 cash as of last night and you LOST $20,000 trading today - there is no way you should still be able to trade with the previous nights Equity with Loan Value ($50,000)

Not a bid deal for me. SMART order routing is quite good with some limitations. The key is understanding when there may be a problem and take appropriate action.

How could you ever live with the $1/contract rate?

the usual - small stuff - TYC the best stock for me today

I thought IB was your backup?

In the last week I spoke to a contact at the BOX and have learned the following: 1) The rules of the BOX are currently in negotiations with the SEC and is taking longer than expected. They expect these rules to be published sometime in Oct/NOV. Then the SEC will ask for comments from the...

yes (a three letter response)

obviously a technical problem on their part. but if you care i got a special deal for you: .99 bid 1.00 ask :D

What other "retail" brokers can match IB's commission rates for equities/options? Do you realize that IB is constantly in the top 10 in terms of "agency/program trading"? (Last I checked, IB was doing about 65 Million shares/week in terms of program trading) There must be many IB...

http://www.suntimes.com/output/business/cst-fin-cboe20.html Check out this recent story about the CBOE. They are feeling the HEAT!!

I realize there are problems with IB's option order routing. Each one of you should make a point to send them examples of SMART doing the "wrong" thing. Routing of orders to the PHLX should be avoided as discussed in this thread. The more traders that IB hears from, the better chance they...

The following is a list of countries that have a competitive advantage over Canadians trading on US markets: United States, United Kingdom, Germany, Netherlands, Belgium, Switzerland, Hong Kong, Australia, Albania, Algeria, America Samoa, Andorra, Anguilla, Antarctica, Antigua and...

I don't pay that much attentiion to who is the specialist on the PHLX. From what I have learned from one of Timber Hill's employees, it's not so much the market makers that are the issue but the PHLX CEO, Sandy Frucher. Frucher is the one responsible for instituting this 2 minute rule (a rule...

a few points 1) What I meant was that since the BOX will not charge anything for "Orders executed for customers of a BOX Participant (OFPs)" then IB will route to the BOX first instead of the ISE. Having this choice will save IB lots of $$ and I have no problem with that. 2) At times...

The Price Improvement part of the rules are vital. Currently it is not 100% clear if everyone will see the customer side of the order during price improvement periods. Without this ability, the BOX would rank right near the bottom for exchanges in terms of equal access. Imagine for a minute...