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It is important to stay small and set rules for yourself. Maybe that will help with over trading. Set the rules, and read them to yourself each morning. Remember, you don't have to trade everyday. Only trade when you get the set ups you want and the risk reward is there. Run trading like a...

If you trade options with wide spreads and little liquidity, it will absolutely have a cost to doing business that will decrease your returns unless your expectation of gains is much higher than liquid options. You need to make up that cost with larger gains, not a higher frequency of gains.

Our minimums are much higher than IB. Our platforms are not web based.

We introduce to Apex Clearing for equities and options. Although opening international accounts are always more challenging, Indonesia is not on their restricted list. We can only offer Reg-T margin accounts, not portfolio margin for non-USA based accounts. Also, my firm only offers USA...

Futures or equities? What do you need access to?

I believe they use #3. You can verify on Monday by looking at the margin page and comparing to the current bid/ask average.

I give them 2 years before they change their model. Let's check out their focus report at year end and see if they make money with this model. My guess is not ever.

CTAs run managed accounts. You have to register as CTA if you choose to as a business decision or if you don't meet NFA/CFTC exemptions. It is easier to get clients and get paid if you are a CTA, but your costs are much higher. I believe it's worth the cost if you want to run a business.

Equities, options or futures? In general, I would say for equities=last sale, options=midpoint and futures=whatever the exchange procedure is. Apex is the exception for options. They use last sale if within the NBBO. If last sale is below the bid, they use the bid. If last sale is above the...

I always find it interesting when members point out retail traders vs professionals like the rules are different. In my experience, any trader that finds an edge and manages his risk, makes money, no matter what you call them.

Nothing is truly free. They have to make money on something.

I thought you were talking about end of day marks, not option pricing during trading hours. The options prices are the option prices and don't change from broker to broker. They are listed on the CME with an electronic auction market called Globex. Unless you buy a 1.00 delta options, it will...

Options on futures? I'm not sure how, if you have real time data, that your ES markets on your trading platform can be different from mine or how end of day marks can differ. When you asked your FCM, what did they say? It sounds to me like something is wrong that I have not come across, ever...

-Futures EOD marks are done by the exchange like the CME -Equity or equity option EOD marks are either based on EOD Best Bid/Best Offer midpoint or last sale depending on the broker. I'm not sure what other experience you have had. I have not seen any broker base your marks on some other...

Look at the cash index as the base. SPX=100X SPY=10X ES=50X I hope that helps. Bob

Thank you WinstonTJ. Redi is more robust, but no longer a GSEC product. They are an independent company owned by a few big banks and broker neutral now. We can use our routes now. We are just waiting for the pairs trader to come out of beta. Maybe 6 more weeks. Bob

Your broker does not set market prices.

They use brokers to find liquidity.

It is not as stupid as it appears. You are looking at the NBBO where there can many exchanges providing limit orders to make up the NBBO. The complex order book (COB) is electronically monitored by market makers looking for an edge. If that NBBO is made up of public orders, not their markets...

I'm not familiar with Canadian securities laws and how they apply to US futures markets. I don't know if the FCM needs to be registered with Canada. If you were in the USA, you would either have to register as a CPO or find an exemption and file to be exempt...