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So, if there were no naked shorting, XLF would be at 30?

Do you really believe that this is because of naked shorting?

I might be naive, but if someone who shorted naked can't deliver, shouldn't they be penalized? To me this seems like a simple solution. To me this seems like typical regulation: one small problem and then implement tedious procedures to comply new rules.

This new rule didn't prevent MER from plummeting yestrday. This is yet another blow to the financial market by eager buraucrats.

Thanks for your replies. Effective have been very prompt and friendly so far.

Hi, I have been in contact with Effective Traders about some trading on the Xetra. Does anyone here have any first hand knowledge/experience about the company? How long have they been in the business?

Not to mention La camarra (?). When I was in Rome i saw local bakers giving away bread for free in Napoli as a protest against La Camarra. When there is no rule of law there is no prosperity.

Do you come from Napoli?

It depends. Intrest is 0 and most capital gains. Don't know how it is when trading for a living, should be max 35% anyway.

Not really, too many uncertainties. There are four important issues: quality of life, tax, language and climate. Italy is good at qaulity og life and climate, but the two others more uncertain. I can't speak Italian but willing to learn it. I'm currently on Cyprus, Limassol. The cypriots are...

I just got back from a week in Rome and Naples. I was really surprised about Naples, it looked a lot worse than i expected it to, looked really poor. Rome was magnificient, though, must be one of the most beautiful cities on this planet. How is the skiing in Abruzzo in the winter? Is the...

That's what happens. I'm from Norway. VAT was established in the late 60s to avoid further increase in the income tax. Now Vat is 25% and income tax over50% in the top bracket......

Yes, thta is what they say, but I certainly didn't get any dedicated bandwith. I sent them an e-mail, though. I'd be happy if you could get back to us after you have been there. I think you will get a REALLY nice apartment for 1K euro. The rental prices are very low compared to the cost...

Are you going to trade from Malta? I spent one month in Malta last year intending to move there. However, there was no way I could trade with the internet connection i had. I rented an apartment (dirt cheap) and installed internet, but I had to go to an internet cafe every day to trade. I even...

If all this is a new approach from the SEC/NASD, why don't they send out a press release stating this? They can't tell just a few "targeted" firms to comply with Reg T? Must be something we are missing here.

Thanks for your help!

Hi, I am looking into daytrading the DAX, However, I need historical intraday data to test some systems. I haven't been able to find historical quotes neither on the net nor at the data suppliers. Does anyone have any idea where I can find this?

Remember I am a an exchange member through my partnership. There might be other rules for us. I find it strange that it should be illegal to enter an odd lot position to ECNs. I havent found any rules indicating this. I asked the compliance manager 8 months ago if I could trade 1 share...

Just a question about odd lots for a prop trader: I used to trade 1 share of a stock on ECN's for testing strategies (I am trading prop), for example 1 share of IBM/MSFT/BRCM on for example ARCA. I was recently told by my company I could no longer do this: "It is a misconception that odd-lot...

Malta has a similar tax system as the UK. No tax on income made abroad unless remitted to Malta. If remitted to Malta: 15% flat tax. You have to apply for a permanent residence licence which is just a formality if you show proof of a certain limit of capital or income.