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  1. J

    TMA 4pm closing price?

    The NYSE web site shows a close of 1.79 based on a trade at 16:07. BigCharts one minute chart shows it trading in the range of 1.25 to 1.30 at 16:00, shows no 1.79 print at the end of the day, but says it closed at 1.79. Yahoo one day chart shows a jump to 1.79 before 16:00. Bloomberg one day...
  2. J

    Moving to NewYork, any advice?

    You don't have to live in Manhattan to work in Manhattan. Hoboken, Jersey City and Staten Island all have lower rents than Manhattan. If you live in New Jersey you don't have to pay the New York City resident income tax.
  3. J

    java build to use with IB?

    Go to the Java download archive at http://java.sun.com/products/archive/ I'm using jre.1.6.0_02 without any difficulties.
  4. J

    JSystemTrader (Java/IB)

    Help with JSystemTrader is available at the JSystemTrader group at Google Groups.
  5. J

    IB is having problems again?

    YM trades on Globex, but is shown as eCBOT because the CME Group still has separate data feed charges for Globex and eCBOT. They need to maintain their profit margins on the data feeds.
  6. J

    Brokers?

    If you are trading futures you don't need NYSE or AMEX data, so no need to subscribe to it. You should call IB Canada to find out the Canadian rules for what defines a professional trader. It is the exchanges that make the rules, not the brokers.
  7. J

    state tax for capital gain

    You have to read the tax laws for each state as each state defines who is a resident or non resident for tax purposes. If you buy a house in a zero income tax state (Alaska, Florida, Nevada, South Dakota, Texas, Washington or Wyoming) and claim residence, but don't actually live there, your...
  8. J

    Brokers?

    IB Canada meets all your requirements except for their minimum monthly data fee of $10 if you don't do $30 in commissions. IB gives US electronic futures data for free for both nonpros and pros. If you are a pro then pick "US Commodities Exchanges Professional" as your data feed. A nonpro...
  9. J

    Who's got the lowest futures commissions?

    Traders have to make sure they understand all the consequences of leasing or buying a futures exchange membership. US taxpayers becoming futures exchange members are subject to FICA self employment tax. For 2008 the FICA self employment tax is 15.3% on the first $102,000 of income and 2.9% on...
  10. J

    ES after-hours

    If you trade the ES from 3:00 AM to 9:00 AM EST (9:00 AM to 3:00 PM Central European Time) you have to watch the DAX and the FTSE and be aware of the time of scheduled European economic reports.
  11. J

    IB not displaying quotes?

    I have futures quotes, but no stock quotes. IB status page says all if fine and no bulletins.
  12. J

    IB - No Data ?

    I have futures quotes, but no stock quotes.
  13. J

    Is IB down ?

    I have futures quotes, but no stock quotes.
  14. J

    Hedging YM with INDU

    I understand that "Fungibility is not mandatory", but if I want to use the fungibility of YM and DJ or ES and SP can IB perform the offset during the clearing process? CME and CBOT members trading pit contracts against fungible electronic contracts use the fungible contracts offset every day...
  15. J

    Commodities Broker: Interest on Cash Collateral

    Normal practice for futures brokers is to pay zero interest on cash. Interactive Brokers is one of the rare ones that does pay interest on the cash balance over $10,000. Futures margin can be covered by using T-bills with a haircut. If your daily cash goes negative, then you must sell some of...
  16. J

    Hedging YM with INDU

    The whole concept of fungible contracts is that in the proper ratio long and short positions net out to a zero position during the daily settlement process. The CBOT literature on Dow Futures clearly specifies this: Fungibility CBOT mini-sized Dow ($5 multiplier) and CBOT DJIA futures...
  17. J

    What was the ESH08 close on Fri.?!

    Fair value settlement at month end is the cash index plus the calculated futures premium. For a complete explanation of stock index futures fair value go to www.indexarb.com .
  18. J

    Hedging YM with INDU

    YM and DJ are fungible for identical months in the ratio 2 YM to 1 DJ. Wouldn't a fungible position of 2 YMH08 to 1 DJH08 convert to a zero positon in the overnight settlement process?
  19. J

    What Don't I know?

    Two reasons for the rally: at 3:24 PM it was announced that TMA got a billion in financing (so they aren't going bankrupt just yet) and the S&P cash has solid support at the 1320 level from the lows of 2/8 and 2/11. The news is free at bigcharts.com and so are the charts. You have to make the...
  20. J

    Advice needed on Ready auto trading programs requiring no programming, no criteria in

    The only way to get a profitable strategy is to the hard work and develop your own. strategyrunner.com is one funny site. The first system in the list of strategies only has a maximum drawdown of -237.34%. I'm not aware of too many brokers that let you go much past -100%.
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