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How is it UBS or Switzerland's problem if the USA can't convince or compel it's own citizens to comply with US tax laws????

Great call!! I hope you made some money.

Excellent post. I've been pondering this lately. Tom Keene at Bloomberg On the Economy has two guests on from Zurich this week. It has potential but I would hate to leave my aging parents.

Do they charge margin on both sides of an iron if the account has portfolio margin???

Where will you go?? What products do you trade??

Does anyone have experience trading options with Tradestation??? Are they a viable alternative to IB??

Alan Greenspan being influenced by Ayn Rand is kinda like knowing just enough karate to get your ass kicked. Ayn Rand would not have looked kindly on congress legislating how much leverage fannie and freddie could take on and providing an implicit government guarantee. She probably would have...

I'm not disputing this, but I visited and was provided a tour of tos recently. There are at least 6 java programmers working upstairs away from the trading desk at the tos office. I was under the possibly mistaken assumption that these guys wrote the platform code.

I am a very satisfied TOS client. I closed an IB account a few months back to consolidate at TOS. I had no problems w/IB besides their lackluster charts/analytics. I would not leave TOS/ameritrade without cause. I lived through a similar thing when BrownCo was bought by E-Trade. The transition...

Funny, I was there tonight also. Is TradeMonster the brokerage unit??

ditto for me

You would be surprised how close the VXN and VIX can be. In fact, think that VXN is less than VIX as of yesterday's close. I'm not sure if that factors into portfolio margin calculations though.

I have portfolio margin. I'm not sure if I would get more leverage with SPX that NDX. My risk management and position sizing already permit insanely low margin requirements trading NDX. Margin limits are not a consideration. You do point out something I didn't think of though. Thanks.

Sometimes my mid-price single leg orders get taken right out. I suspect because the MMs don't want to post small quotes inside their market. All of my trading losses have resulted from legging and have sworn off it!!!! I have had trouble getting spreads filled at mids in SPX and would support...

Excellent. Thank you. I route NDX spread order 5 lots at a time. It has been difficult getting mid prize executions lately, but as I said, it may be the thin volume lately. The quoted bid/ask spreads on spy are a much smaller fraction of contract size. I would only route 35 lots spreads to...

I've been operating a book of credit spreads on NDX optins over the last 18 months. I selected this instrument because of the favorable tax treatment vs non-cash settled indices, they are traded electronically on several exchanges, it is a big contract so commissions are small. I am not thrilled...

I enjoy Brian's narrative. I don't pay him though. I'm not really concerned about his results. I could see this coming when he decided to collaborate with Tim Sykes.

I agree with you. I am mostly out of my January positions. I am going to wait before selling Feb verticals hoping to catch an increase in implied. Hopefully I don't outsmart myself. I am quite puzzled by the selloff in the NDX and corresponding decrease in the VXN. I try not to dwell on why...

I don't think that they will become unemployed. The workers can get hired by the auto companies that assume GM and Chrysler's market share.

I past Best Buy in West Paterson (North Jersey) one hour ago. A line of 15-20 people had formed outside the store. I have no idea what time the store opens or what they are giving away.