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what kind of locals? i'm not necessarily looking for a one-stop solution.

Hi, Any recommendations for a non-US person as for the best broker to short Asia stocks (mainly Japan, Hong Kong, possibly Singapore), mostly in terms of inventory? Interactive Brokers is the best I've found so far, and their inventory is so-so, but I haven't really looked into any of the...

It still sounds like many posters expect such a black swan hedge to be EV+ or at least neutral. For me, that's not the purpose of a hedge. My strategy normally is EV+, and the hedge (while very likely EV- in itself, and therefore reducing my profits) should guarantee I would be able to continue...

Thanks. I'm gonna google that :)

Yeah, I agree. But isn't that generally always the case with insurance? You over-pay, and will likely never need it, but if you do, it saves you. I'm not particularly bearish or bullish right now, and my portfolio isn't either, but obviously there's a weakness; A, say, 40%? downward move could...

Cool. This is exactly the kind of hedging I was looking for (and nice piece of software btw). Implementing it the right away is obviously more complicated, but it's a good start.

thanks guys, good suggestions. i'll check them out.

yeah i understand hedges cost something. i was just hoping for something a bit more specific; a hedging strategy that starts paying off at a certain drop-point, and not just generally directional.

Hi, Quick question: imagine you would want to hedge a portfolio, with lots of well-diversified positions consisting of stocks and derivatives, against a "black swan" type of event. The portfolio currently generates some positive returns if the underlying stocks (market in general) goes down...

Thanks! Great info.

Quick question: we all know one can convert ADR's to ORD's (altough it's a pretty costly process). Is it possible for anyone in the market (retail or pro) to convert the other way around? In other words to convert ORD's into ADR's? Any reply would be much appreciated. Thanks.

price sensitive news is normally released early or after. if it's announced during normal trading the stock will be temporarily halted beforehand, until the news is released.

anyone that needs 3-5 years to develop a HFT system from scratch in this time and age has a lot bigger things to worry about than any FTT making his or her system obsolete. yes, the system you will create now will be obsolete in 3-5 years, and no, it won't be because of any FTT.

Imo the chances of the tax happening on a big scale in the next 3-5 years are infinitely smaller than they were earlier in this thread. Obama is definitely not going to implement one any time soon, and Europe is in a dead-lock. Expect that deadlock to last with Cameron being re-elected. Not a...

In my broker statement the transaction resulted in a zero result. The way you put it (buy and sold at same price), this makes perfect sense.. thanks for the explanation!

Out of curiosity: i'm short 1000 stock AAA. AAA announces a selftender in which it buys back, say, 5% of its outstanding stock. The stocks are tendered by the person I'm borrowing them from, and get pro-rated. After the tender ends I'm suddenly, say, 950 stocks short (as 50 were accepted by the...

to trade you need an edge and you need sufficient capital. options are useful for all kinds of things, but the way you want to use them all you do is increase risk. you might as well flip a coin. it's not trading, it's gambling against bad odds.

it's probably a good idea actually reading the IB-website. all of your questions and many many more are answered there.

i don't understand how a trader can be well educated, knows he has great judgement AND has a nice track record, yet can't get a 5K account together. How did this supposed person build that track-record, trading pea-nuts? If you can't get a 5K account together you should get a job to get 5K (or...

just find a job you like and that's realistic to pursue based on your education. be happy doing something you like. trade a bit in your free time, come up with something that suits you and if you ever become so succesful, you can always quit the day-job, but apparently chances are a lot bigger...