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Dont they used to offer dow jones for $60 or something. Is it no longer available?

i think this bet will eventually result in the pay out because i still believe traders live by their words.

Nono. Just trying to make a liquid market for this contract. I mean is pretty obvious on a record breaking volume day in the cash market, this stupid thing doesnt even trade. I am just offering what i think is the present value of this bet. So right now i am $6 offer. The offer will go up by...

The volume on this contract is 0 on Monday and OI is 35. Do you want to settle the bet for a 60% discount?

Nono! I understand if the futures firm goes bankrupt, the t-bills is in trouble. I am just asking if you fund your account with t-bills, does that mean the process of your broker placing your money in a money market fund firm like Sentinal does not include you? I am just wondering if they take a...

If you fund your account with T-bills, does that mean you are safe regardless of how many of these money market fund firm goes bankrupt?

Right! the 0.07% is exactly what i am refering to. Because if the stock goes up by 15%, you have 2 choices: a) Pay interest on the negative 15% at IB's rate (6.8%) b) Buy back the EFP at a 0.07% lost. Either way you lose. The point that i am trying to make is, the interest rate you see...

And i think it is not fair to compare it with cash that pays interest on long balance in a normal brokerage account. Cash that sits at a brokerage account doesnt have the risk of the balance going negative, commision etc. So i think is kind of misleading for IB to promote it as an alternative...

I am trying to say that the problem with re-adjusting the EFP of a stock that rose 15% in a short time is that the time decay might not be enough to cover the rapid rise in the EFP price. I think you shouldnt sell a EFP of a stock that you think it will rise. EFP is not riskless, but...

I love the EFP from IB and i am all in on this product. But i've been thinking about a potential disaster scenerio. Could the spread actually go up as time pass? For example, MYL sept EFP spread right now is 0.0784. If MYL doubles in share price in the next week, the spread could actually double...

Can you post the link or at least offer the full name of the author and the name of the book?

Is the Hang seng trying to take over natural gas as the world's most volatile futures contract?

I have another question for you Don. Why would people want to enter the closing auction order when they are commited to trade regardless of the price. Why wouldnt they just enter a regular mkt or limit order at 3:59:40 when they can see the price that they will be filled at? For the opening only...

So i am assuming you have to buy USD and sell GBP and then long the GBP again to offset exchange rate fluctuation. I dont think u can do it with IDEAL or IDEALPRO because it doesnt pay interest on your 1st 10K GBP long balance. So i am suggesting, you sell your 10K GBP and buy the USD on...

I am saying even assume they pay the first 10K, u will still be 60 bucks better of with EFP.

Yes. Sell EFP Is actually a pretty good deal if you dont mind the hassle to readjust every now and then. EFP pays you 5.4% or 5.5% (See MYL) if you are lucky. Assuming IB does pay interest on all balance, you still only get 4.8%. That's 60 bucks difference in a year for 10K.

or you can buy the US EFP and hedge the exchange rate at OANDA or something

We know Gross has been long bonds for a long time, and he might want to add to his position looking for the 10 years to go to 2%. And then the next thing u know he completely reversed his outlook. Overnight, he tells the world yield will go up to the moon and prices falling, and he might have...

Yeah baby! Found it http://datasvr.tradearca.com/arcadataserver/Auction.php

According to the NYSE website. The info is published thru arcabook. TS has arcabook for subsribtion for 10 bucks. But not sure how it is display.