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Yes you are correct, that quote I quoted is incorrect. Thanks for pointing out my clear error. My brain was working with what actually happened this morning. Look at a chart, the VIX futures were UP 1% in early trading not DOWN 1%. The correct statement should be: "For example, early today the...

"For example, early today the Vix futures front and second month were down by about 1%, yet VXX was up by close to 1% and XIV was down by about the same amount." That is exactly the correct behavior. Don't see why you have a problem with it.

The Handbook of Fixed Income Securities by Frank J Fabozzi is the standard tome. Inside The Yield Book by Leibowitz and others is useful.

There is a recent thread already here at ET about how sleazy the stock lending business is. Good quote: “This sounds great, but who’s going to start your car in the morning?” If you put that quote in the existing thread you would be accused of being racist because one particular ethnic group...

What do you consider news? How about the weather report for the next 5 days on Sunday evening is often different then the weather report on Friday evening.

When gold or silver go down it is always manipulation. When gold or silver go up it is never manipulation. Complete nonsense.

Really, gold going down less than 1% is a plunge? A plunge is down 10% or more. Please wake me up when a real plunge happens.

How does stuff like this happen? Easy, public pension funds are cheapo outfits that don't and won't pay the going rate for qualified employees. "In 2014, the New York State pension fund, which has about $178.6 billion in assets, needed someone to run a $50 billion bond portfolio, and turned...

Absurd worthless "news". I easily found a comparable number- Australians waste $8 Billion in food each year. So while scammers were getting their $13.3 million in 6 months, Australians casually wasted $4 Billion in food. Maybe the scammers should wise up and raid Australians' refrigerators...

Traditional margin base rate for US retail brokers is broker call - currently 2.75%.

This LEI nonsense looks to be EU sponsored fleecing of average citizens.

How is this a fraud? $500 million is a rounding error for public pension funds. Multiple states have $100 Billion plus shortfalls in their public pension plans.

The old time advice is to make an appointment. If you are looking to buy closely held stocks such as those in Walker's Manual you have to constantly monitor for shares being offered and then jump on them. You are competing with other players in a very small space.

Oh my goodness. Let's see if I can get sued. Brett Hickey appears to be a self promoting whizkid wonder. Star Mountain Capital does not appear to be registered anywhere. Not at FINRA. There is a STAR MOUNTAIN ADVISORS, LLC registered at FINRA. Established 10/12/2015. I see nothing about...

It is not easy to find financial information about Robinhood Financial. Brokerage firms should all be required to release detailed financial reports. As of 12/31/2016 they have only $5.9 million in net equity. The parent company doesn't share the wealth. With over 2 Million customers that...

C'mon Bob, you are in the business and you can't tell if a FCM is clearing or nonclearing? AMP is a nonclearing FCM. They use ABN AMRO Clearing Chicago LLC and Dorman Trading, LLC.

You are very confused. DAW Trading has nothing to do with Dorman. It says right on the website "A Division of Phillip Capital". Phillip Capital is another FCM.

You would have to be beyond insane to want "to move my Schedule D capital gains into Schedule C business profit" Schedule D income is privileged income, it is not easy to get and is not subject to FICA tax. Anyone who is self employed has Schedule C income and is required to pay FICA tax...

Simple software. Just write an API that connects to all the broker API's and you are all set. You will see my consulting bill for $20 trillion in your inbox.

I've been reading this "Retail order flow is dumb money" stuff for years. I am a retail trader and yet rather than getting easy fills as dumb money all my stock orders get a big flashing radioactive sign on them. If I put in a buy order at the bid, rather than fill me the "dumb money" buyer...