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  1. J

    Wash. regulator directs gas utilities to modify hedging practices

    Those Washington State utilities are pikers with their "more than $1 billion in hedging losses". Florida utilities have lost over $6 billion. "Florida's four largest utilities have jointly proposed reducing the scope of their hedging programs by about 25%, responding to calls from state...
  2. J

    IBKR tightening margin

    Give me a break. There are plenty of bad things to say about IB, but their auto liquidate algo is not a major revenue source and is not intended to be one. Please give a realistic estimate of how many thousands of dollars IB made from auto liquidation revenue on August 24, 2015. For real...
  3. J

    Setting Up Shop in Mexico

    Are you very familiar with Latin American culture and very adaptable? If not, do not even consider moving south of the border. Culture shock is a lasting reality. I wouldn't even consider Mexico. Look at Costa Rica and Panama and educate yourself about both of them. Keep in mind that nothing...
  4. J

    Short Availability

    If there is any broker other than IB we would all like to know.
  5. J

    Price WAR!

    The vast majority of brokerage firm customers are investors not traders. Most investors do not use margin so they don't care about high margin rates. 1000 shares costs $5.00 fixed rate at IB. Any investor buying/selling 1000 shares or more does better at an all you can eat broker for $4.95...
  6. J

    IBKR tightening margin

    What is the context of this margin notice? Looking at IB's complex margin rules it would appear that this only affects Portfolio Margin and only for short options under Portfolio Margin. Doesn't appear to make sense for anything else.
  7. J

    Price WAR!

    I pointed out the initial round of price cutting here: https://www.elitetrader.com/et/threads/recent-cuts-in-commissions.306937/ and asked "Which broker will be next to drop rates? When was the last time Interactive Brokers lowered their commissions?" In 2016 IB's Electronic Brokerage...
  8. J

    Need Information On Broker Data Feeds

    With IB changing their data feed subscriptions I and other traders need more information about equity data feeds. Are there any websites that have detailed information on stock brokers and their data feeds? For example, pricing information, API information and feed type - tick, sampled or...
  9. J

    Recent Cuts In Commissions

    Some brokers have lowered their commissions. On February 3, 2017 Schwab cut its commissions from $8.95 to $6.95. On February 16, 2017 Firstrade cut its commissions from $6.95 to $4.95. They also dropped options from $0.75 to $0.65 per contract. Which broker will be next to drop rates? When...
  10. J

    IB increases Over night Initial margin for ES

    Sorry to interrupt the back and forth, but some facts need to be stated. AMP Global Clearing doesn't clear anything. No matter the name, they are a nonclearing FCM Take a look at the CME list of clearing firms. AMP Global Clearing is not there. You have to know how to dig to find out who...
  11. J

    10y yield and 10y t-note

    With a 3% coupon and a 10 year maturity the price will be exactly 100.00. Otherwise, not enough information to answer the question. You need to specify coupon and maturity date.
  12. J

    Is there a way to get stock prices streamed as numbers?

    I guess I am old fashioned, but how do you represent stock prices other than as numbers? You want a data feed. And that will cost you money. I doubt you have the computing power to handle a one second data feed of all stock trades. Why don't you start by downloading daily stock data from...
  13. J

    CME IOM Membership tax implications for an Individual Member

    Read the IRS code and relevant forms and instructions (Form 6781 and Schedule SE of Form 1040). Section 1256 gives all futures traders 60/40 treatment. Section 1402(i) makes the futures profits of members of futures exchanges subject to FICA tax. Income defined as self-employment income for...
  14. J

    How do you recognize a commercial trade block?

    On what planet does this happen? The SP contract barely trades. SP Total Volume DEC Contract 12/05 5,651 12/02 3,572 12/01 4,480 11/30 6,774 11/29 4,892 Total block trades are ZERO every day.
  15. J

    Why so long to calculate the S&P 500 closing?

    Wrong on the futures settlement. Why is it so difficult for people to get simple things stated correctly? All you have to do is go to the CME website and read what is there for the "Normal Daily Settlement Procedure". "E-Mini S&P 500 Futures Normal Daily Settlement Procedure The lead month...
  16. J

    What is a "Dope Sheet?"

    "dope sheets" are printed pages of past performance such as the Daily Racing Form. The references on that page of the book are to horse racing. Livermore used past performance and stock price habits as his guide.
  17. J

    Corn futures curve kink

    You are trading corn, but you know nothing about grain markets basics. Old crop, new crop is the old old story.
  18. J

    No more pin risk in /ES?

    That is for End-of-Month Option and Weekly Options. Has nothing to do with the quarterly cash settlement at expiration.
  19. J

    First year, if I make $600,000 in a No Income Tax State

    Perhaps not. English is a truly wondrous language. Flammable and inflammable mean the same thing. My favorite new English word is "applepick".
  20. J

    Here is a strategy that beats the S&P

    Thanks for the information. From 1900 to 1999 simple trend following strategies worked. From 2000 on it has been mean reversion. Feel free to PM me with strategies that aren't flawed. :) :thumbsup:
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