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CME has had S&P 500 cash index with symbol INX since 1982. CBOE's SPX started with S&P 500 options in 1983. It is also calculated by different vendors.

Not good. You want to trade silver options and you don't even know that the COMEX symbol for silver is "SI". Put in symbol as "SI", pick futures options, pick DEC and pick 2017. I think you would be better off with a DEC 2015 $30 strike call. Price is about 0.661 and open interest is 117.

How are you trying to find it on TWS? I found it in less than 30 seconds. No bid/offer and close of 0.341.

I send you a pm with my email address, but I think you need to have 30 posts here at ET to use the pm feature to read it. How about creating a throw away email address we can send our email addresses to? I'm too lazy to create a throw away email address just for this book.

Another one wrong. Have you ever read a brokerage firm margin account agreement?

Wrong. It is a standard feature of margin accounts that you can withdraw cash from the account and thus create a margin loan on fully paid for securities held in the account. This doesn't mean that every broker allows it, but margin lending is a profit center for brokerage firms.

Lightspeed has a $1.00 minimum if you go with per share commission. You also need $25,000 account. IB has a $1.00 minimum if you go with per share commission. You also need $10,000 account. Many discount stock brokers have raised commissions because Penson went bankrupt. Almost all the...

There are equal longs and shorts and it doesn't matter who they are. All trades go through the clearing house and the clearing house guarantees both sides of every position.

There are plenty of position traders around. If it trades then there are position traders trading it. Many of the full timers spend more time doing research than actually doing trades. They also tend to be well capitalized.

Just go to Google news. They are showing 45 news sources for "debt ceiling".

For working Java code that uses the IB market depth API take a look at JBookTrader http://code.google.com/p/jbooktrader/ As I recall even the IB paper trading data does funny things with the Globex market depth. Only the live account Globex market depth data is reliable. Eugene...

Your whiny complaining doesn't make IB look bad it makes you look very bad. What kind of trader doesn't bother to read the broker's disclosure information before opening an account? What kind of trader doesn't pay more than $10 in commissions on a month? What kind of trader leaves no...

What makes you think that the spread can be collected?

Almost any system you come up with will stop working at some point in the future. The market changes and the system dies. Just trade your system until it stops working. You may find out that with real dollars it doesn't work at all.

Oh great, global bureaucratic numbering nonsense that we have to pay for. If you read the LSE FAQs it states: "1.3 What is a Legal Entity Identifier (LEI)? An official LEI is a unique identifier associated with a legal person or structure that is organised under the laws of any...

Boo Hoo a trading slump on Wall Street. Article leaves out that CME full year trading volume was UP 10% in 2013. http://investor.cmegroup.com/investor-relations/releasedetail.cfm?ReleaseID=816874

Profits from short sales of stocks and stock options are short term capital gains. Profits from short sales of Section 1256 contracts are 60/40.

Futures trading profits are taxed 60/40 meaning 60% Long Term and 40% Short Term. For small retail traders worrying about tax benefits is a waste of time. Making money should be your prime focus. Don't let the tax tail wag the trading dog. Let's say you have annual expenses of $1000 you can't...

Defining earned income is not easy. Read the tax code. You need to start by reading IRS Code Section 1402. One of the gems is Section 1402 (i) which makes capital gains (Form 6781/Schedule D) income earned income for options and commodities dealers in Section 1256 contracts without...

Quite obviously you have never read the tax code. IRS Code Section 1402 (i) makes capital gains (Form 6781/Schedule D) income earned income for options and commodities dealers in Section 1256 contracts without changing its taxation as 60/40 capital gains income. Special rules for special...