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How? Couldn't find it in their website.

Don, I agree with you. No one can predict the next year's IV, but it is a lot easier to predict next minute's IV. The shorter the time frame, the higher confidence with the prediction. Most market makers I believe are guessing a short-term IV. If your model is better than average...

Are you acting like an IB? Are those traders CTA?

Well said. Trading is about effective use of capital via innovation. You are the very few who understands it. You probably are or will be among the top 5% traders in Bright.

2% total interest charge for hedged position!? It is very good. I believe Mav charges a fixed haircut charge for hedged or unhedged position, and the charge is in between 2% and 12%. So it is something like interest rate swap? Don, thanks for your info. Now we can compare your cost with...

IMHO risk-based portfolio provides a higher leverage for wotm credit spreads when compared to CTM. These are my findings for risk-based portfolio: 1. Lower margin for fotm vertical when compared with ctm. 2. More long (even wotm) can provide higher leveraging power. When spot moves...

This thread is about haircut charge, not about pair trading. I think rallymode is so surprised to find people talking about pair trading instead of talking about haircut charge.

Don, You don't want to disclose the operation of your company, and I don't want to know your cost. As I mentioned, I am only interested in finding my cost (the interest charge in my account). I don't care if GS or Bright charges me that amount. A trader is a businessman who has to...

Are there a lot of Bright marketing people in ET? :D

Look at the following thread. Mav finally got it and confirmed that it is 2% + GS debit interest. I still don't quite understand yet. LOL. Nobody answers my example there. I believe prop firms are intentionally misleading us so they can make profit from the interest charge...

[edit] Mark, are you interested in looking at Domestic's long short-term, short long-termx2 strategy with RUT?

Def (an IB staff actively in ET) announced it this morning. http://www.elitetrader.com/vb/showthread.php?s=&threadid=78820&perpage=6&pagenumber=30

Thanks. I got the info a month ago when I talked to them. The policy keeps changing. :eek:

Here I am. TOS told me that there was no cap req!

With a change in margin rule (IB is offing portfolio margin for accounts over 100K next week), are there any favorable strategies under the rule? For example, extra wings will provide us more leverage now than that in the past. Is long wings favorable strategies under new rule? Naked...

Mav, I am a very conservative guy. I need to understand everything before I start taking advantage of it. I don't believe free lunch in this society. :D I still don't fully understand it. Let us use a simple example to see what you and Don charge for the following position: Long...

Don, Don't quote other guy. I am happy to borrow your money at 2% rate. Can you demonstrate your way of calculation? I am afraid that we might have different meaning in haircut charge. Vtrader is charging way too high if you both are talking about the same thing.

Don is lending you at 2%. Did you see it? j/k. I want to borrow at that rate, but I don't know the catch. There must be a lot of fine prints in the contract that is not disclosed yet.

Don, Mav is right. I can't imagine someone will borrow you money at below Fed rate. What is the catch?