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  1. M

    BOX - Boston Options Exchange

    yes, (the same at other exchanges) the two things i get out of the website are: 1) The price improvement section is different and could be a major plus for the Exchange (depending on what the EXACT rules are) 2) Under Market Model, they state that "Out Trades are virtually unknown"...
  2. M

    IB increase option commisions for self routed orders

    yes, IB raised commissions for "directed option orders" effective Aug 1st. did they do this so they could send all orders to the BOX? perhaps........(cost issue - the BOX will be a cheaper alternative) as for the BOX, check out the following link for a sneak preview of the format...
  3. M

    US Corporation questions

    I agree. I'm in the process of getting a business lawyer/accountant.
  4. M

    US Corporation questions

    it's not merely a stock margin issue (4:1 or 2:1 issue). Margin requirements for option positions in Canada are a complete joke. When I was on the floor on the TSE (back in 1990) I was attempting to get the margin requirements fixed to properly reflect the according risk. To this day...
  5. M

    US Corporation questions

    Canadians can't open account with many US Brokers. Those brokers who do allow Canadians (IB) must follow the IDA's margin requirements which are brutal compared to US margin requirements. thanks for the responses.
  6. M

    US Corporation questions

    I'm a Canadian who would like to open an account with a US broker. I need to set up a US corporation. (IB Canada is not an option) What is the best way to accomplish this? If I do the trading from Canada (head office in canada): 1) Will I continue to pay tax to the Canadian...
  7. M

    Using eConsul to trade options+ Wizetrade trades

    Does anyone actually believe this guy? You say you bought 20 contracts at $1.30 and 30 contracts at $1.20. 1) Well, I know for a fact that you didn't buy 30 contracts at $1.20 2) You DID NOT sell 30 contracts at $1.70 How do I know?? A: TIME AND SALES! But you tell a nice...
  8. M

    Execution of options After 4pm close

    A good example of this happened Friday. GMST closed just above $8 and the $10 calls were .30 bid on the close. The market was waiting to hear the results of the patent case. They came after 5:30 PM. The $7.5 calls were probably exercised but GMST did lose the case and the stock this morning...
  9. M

    when SMART is RETARDED

    It only spends 10 seconds at the destination if there should be an execution with no response from the market. If the order is no longer marketable at the destination then it immediately will go to another destination if it can find a match. I'm not sure if this order routing depends on "IB...
  10. M

    when SMART is RETARDED

    I don't think this is the case. I had a trade not too long ago that didn't execute and I was told that IB constantly searched for a an order to match against your limit order. For example I sent a limit order to sell IBM at $90.55. The order was sent to the NYSE. The stock downticked but...
  11. M

    when SMART is RETARDED

    why don't you call the help desk and ask them to see exactly what happened with your orders? I have asked in the past and they have done an "audit trail" to see where your order was sent and you will see why you missed the trade. (perhaps it was an IB problem but you will never know until...
  12. M

    New IB Customer Agreement

    A few points on the topic: 1) TMBR has been a HUGE plus for me. I have gotten fills from TMBR when I wouldn't have if going directly to the market mainly because of lack of size in the posted markets. I have not seen a case where I received price improvement yet. 2) If you are...
  13. M

    FasterPussycat's Trades & Plays & Ways-volume:June

    In his first post FasterPussycat says, "i've decided to post my plays here and the reason is simply pure ego gratification! hehe" The best way to accomplish this would be to post all his executions.
  14. M

    FasterPussycat's Trades & Plays & Ways-volume:June

    why don't you simply send a screenshot of your executions? This way people will see that you did indeed trade what you said and it will also include all of your trades (not just your winners). You don't have to show account info (like cash)- just executions. In fact, taking a quick look at...
  15. M

    IB and Options

    I think part of the problem for traders is that you never know what you are going to get. On the PSE, they just started to only allow auto-x for cleint vs client trading for ONLY the quantity posted (ie it could be less than 20). If you attempt to trade more than the quantity posted then...
  16. M

    IB and Options

    They were horrible on Friday. I ate one TYC (PHLX) then refused to send them another order. And of course, there was some great trades just sitting there. 100 going up and nothing for me....................
  17. M

    why the big drop in the S&P after hours??

    http://dynamic.nasdaq.com/asp/pmi.asp I don't use this source but this is an easy one to find.
  18. M

    why the big drop in the S&P after hours??

    @ 4AM the spreads in stock are too wide. Although I did buy some QQQ's at 27.85 vs selling futures at 1137.50 around that time. Last night I bought QQQ's at 27.85-90 against selling futures at 1129. i didn't buy too much stock last night (about 8 futures worth). No INTC or BGEN -...
  19. M

    ISE 2 year anniversary

    the QQQ's account for about 10% of the total option volume. The AMEX, in May had a 43% market share of the QQQ's. 1. AMEX: 43.25% 2. CBOE: 27.73% 3. ISE: 15.06% 4. PSE: 12.36% 5. PHLX: 1.6% Excluding QQQ's, the market share is: 1. CBOE: 29.14% 2. AMEX: 25.66% 3. ISE...
  20. M

    why the big drop in the S&P after hours??

    buy the dips?? how can you lose?? For all you dopes out there going long the ND futures tonight, you could have easily bought the tech stocks all night cheaper than the futures. The NDX cash was trading around 1118 (the ask 1122). If you got on the bid of the stocks you could have...
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