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I've been trading today still routing to ISLD....sending a bit above ask on buys and a bit below bid on sells. So far fills seem to be pretty good...for the most part pretty fast...some trades are maybe a second slower than the usual instant fill, but not enough trades yet to get an accurate...

http://www.elitetrader.com/vb/showthread.php?threadid=9006

I am only going by what ISLD is saying in their docs. The key here is that an ECN can trade through or cross on quotes, but *not* if the ECN does more than 5% of the total volume. ISLD does much greater than 5% on the ETFs and SEC is clamping down on them. ISLD can do whatever it wants, for...

:-) I've built similar situations like this myself, turning profitable options into straddles. Haven't done it with this pair, but if I were already in a profitable EBAY short, then I would look hard at "covering" with equivalent PYPL. If I later thought that it was time to trade long I...

With the rules saying that markets cannot cross or trade through the spread, it seems to me this slows down any market to match the slowest mover...in this case the AMEX floor. If ISLD doesn't display *and* rejects orders that would trade thorugh the "national" spread, then it also seems to me...

Maybe someone who knows better can set me straight, but it appears to me that ISLD is tackling the problem by saying that all orders sent there will be forced into non-display mode regardless of how you send it. Orders marked as "non-display" are not displayed....I do not believe this means...

Yes, QQQ will trade on ISLD. Their solution was to make all orders non-display so that their quotes will never cross other quotes in the market (I guess). Not sure how they are handling the fills outside the spread, but perhaps they are also adding that logic (reject such orders) which seems to...

Could be. Then again, maybe we can get all the traders to agree to rotate to a seasonal ECN...one for the summer, one for the fall, one for winter, one for spring. That way none will get "5% in 4 of the last 6 months". Problem solved! (yeah, right) --Derek

And that's the point of trading Q's for me...liquidity, narrow spreads, and instant fills. I have very limited experience on the NQs. But from what little exposure I've had it seems to me that while the leverage is very nice, the spreads and fills are a bit too dicey for me. My style relies more...

Yes. The majority of my trades consist of "chipping" the Q's, and I rely on the ISLD book for that. In my style, I always nail the ask for buys and the bid for sells for the instant fill on relatively narrow spreads on ISLD, and speed of fill/confirm is more important than receiving the "best"...

oops....sorry stock777, I didn't see this thread before I posted a new subject. I faxed my testimonial tonight, which I assume Island is collecting to send on to the SEC (the fax number is Island's), with "ARE YOU GUYS IDIOTS?" in the additional comments. I really wish Island would have given...

A lot may have changed since I first opened my IB account (couple yrs ago). But in my experience and from what I've heard, the longest step is funding your account. The fastest way to do it is obviously with a wire transfer (my choice). Back when I did it, I was told not to be surprised waiting...

http://www.scottrade.com/streaming_quotes.asp You can also use the scottrade stream as the quote source for QuoteTracker (also free), and while I don't know how to do it, I know that you can pull data out of QuoteTracker using html commands local to your machine and put it into excel or...

Or maybe it was just the Philly Fed. Just guessing... --Derek

Hmm...I guess I must have missed the indicators chapter in E&M ;-) --Derek

Except that in this whole discussion, I think that we are talking exclusively about pattern day trader accounts with *over* 25K equity. I didn't consider <25K accounts at all since if you are <25K there is a whole other set of rules that slow you down outside the scope of this discussion. In my...

Someone told me that they still do not understand how specifically Bear Stearns came to a trading call, so I'll give an example with numbers before I stop beating this dead horse. I've changed the numbers to protect the innocent (me), and hope I don't screw up the math as a result: 1. 40K...

I've been racking my brain on this and talking to some people and here's what it sounds like to me: "Equity with Margin Value" basically means your total equity. The "Margin Value" part is there to take out the margin loan (i.e. your real equity could be less than the value of the positions...

More clarification on the "rule" that Bear Stearns (clearing firm for my Tradestation account) just started applying that generated my day trading call. This may or may not have anything to do with IB's change, or it may be how Bear Stearns is applying the newly enforced rule (which could be...

I got the same email from IB. Something happened to me today at one of my other accounts (TradeStation) that smells related. I got a small day trading call because of a supposed brand new enforcement of a rule by the clearing firm (Bear Sterns). The way it was explained to me, it only...