Search results

Yet another ET thread on lowest commissions. Commissions are not your only trading cost. Execution quality , including no execution are also a cost. How do you think the flat rate brokers make money doing unlimited shares for a low price? They sell your order flow. No free lunch on...

Hard to tell the size of the revenue stream. As of 05/31/2014 IB has 259,000 customer accounts with equity of $51 billion (average account has $197,000 equity). IB says "Exposure Fees only apply to a small minority of IB customer accounts with unusually risky positions." How many...

I have the same question. Has anyone who shorts futures options at IB been charged the Exposure Fee? With ES overnight margin at $5406.25 IB wants $8400 margin to short an OTM ES put or call. Seems like plenty of risk coverage to me to have an extra $3000 margin over the futures margin for...

Here are the ES trading hours (in Central Time) from the CME website: MON – FRI: 5:00 p.m. previous day – 4:15 p.m.; trading halt from 3:15 p.m. – 3:30 p.m. http://www.cmegroup.com/trading/equity-index/us-index/e-mini-sandp500_contract_specifications.html Regular trading hours are...

"5.You can design algos that are marginally profitable (the only reason they are profitable is because commissions are super cheap, some examples: ES 1.08 per lot per Roundtrip, Eurodollars 0.78 per RT, CL 1.80 per RT) Feel free to design something that overtrades like crazy as long as it makes...

Any specs on these servers? Sounds like you way overpaid just to run throwaway algos.

The NYSE closed early in the weeks after the 1987 crash. From NYSE Holiday History: "Oct. 23-30, 1987 (Fri-Fri) Shortened hours following market break of October 19 and record breaking volume – 2:00 pm close. Nov. 2-4, 1987 (Mon-Wed) 2:30 pm close. Nov. 5-6, 1987 (Thu-Fri) 3:00...

And what is the point of hedging? Hedging with options is a fetish beloved by brokers and market makers who get to collect double commissions and double spreads. If you don't like your postion then get out of it. Cash is the perfect hedge. If you are long futures and buy puts to hedge...

Think about what you posted "lets face it there is virtually little risk of blowing up to the upside....calls are cheap" There are plenty of traders who short stock and short calls. Can't short a straddle or strangle without being short calls. Shorting cheap calls in a bull market is not a...

The CME ECM is a kluge membership. Unless you really know what you are doing the ECM is to be avoided.

Getting to be an individual exchange member is not expensive for a serious trader. How much capital do you have? How many round turns a month do you do? If you don't do enough monthly volume to save 2 or 3 times the lease fee you are wasting your time looking into membership. Current...

The IB "Exposure Fee" doesn't look to be new. IB has a whole page explaining it: https://www.interactivebrokers.com/en/index.php?f=otherFees&p=exposure The main issue is that they don't tell you how they calculate the fee. "Interactive Brokers will calculate the Exposure Fee in its...

Let's see where the orders go: NYSE 100% to Knight Securities NASDAQ 98% to Knight Securities 2% to CITADEL Options 82% to Knight Securities 18% to CITADEL No thanks.

Thanks for news. Velocity taken over by Advantage. Crossland taken over by Wedbush. Which FCM is next on the list?

You are obviously not very familiar with the tax laws. Losing your own money is incidental under the tax laws. The IRS makes clear distinctions between those that dabble in a business or have a hobby and those that are professionals in a business. Look at some other business area such...

Why does he have to work for a firm? He can write his own trading software, lease or buy an exchange membership and trade as a professional.

Is this a very sad joke? Who hedges ONE oz of gold? Buy 100 oz and then you can worry about a hedge.

Very misleading headline. The reality is that the IRS is piling up victories in tax court against individual speculators who lose money. These individual speculators are not full time traders and are attempting to abuse the tax laws.

I see nothing on their website about direct access. They make money by selling customer order flow and/or keeping rebates. You still have to pay regulatory fees. They use Apex clearing. No big deal.

If you are in the business of dealing in physical commodities you already know all the costs involved and have no need to calculate anything. If you are not in the business of dealing in physical commodities you will be paying much higher costs than those already in the business. You also...