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I don't have the press release, but I talked to the Eurex reps at the Expo in Vegas this past November. My understand was that it would be free for market makers to trade on Eurex, but their requirements for market makers were that they had to maintain a two sided market with minimum size of 25...

To answer a few of the questions recently posted on this thread: H2O: No, IB isn't able to match what I am looking for. I think that IB is an excellent broker (from what I've heard) for small to mid-sized traders, but they are not able to meet the needs of highly active traders, IMO. The...

Back in 1996 or 1997, before I started daytrading fulltime, I had an account at Brown and Company that I used for swing trading. I had one stock, I forget the name, that I bought 1000 shares in December for about $10.00 and sold a few weeks later at a small loss. One or two months later, I...

John, I left you a voicemail and look forward to hearing from you. -Eric

Thanks for the suggestion. I talked to a guy a Genesis this morning and they sound like they might be a very good fit for me. I was impressed with what I heard from them. Thanks again, -Eric

Can anyone recommend a good retail firm for an active and consistently successful automated trader? The minimum requirements would be: -- 0.20 to 0.25 cps max for stock trades -- pass-through ECN fees -- ability to locate my server at their location to better connect to their...

I am not an IB client. However, as I understand it, brokers only report the sales totals to the IRS and not the amount paid on the buy side. As I result, I do my taxes as follows: 1) Report the sales figure on my tax return exactly as shown on the brokerage 1099 statement. 2) Check the...

That's what the U.S. automakers were trying to fool the public into believing in the 1970's. Such as blanket statement is obviously not true, as the Japanese automakers kicked Detroits butt, both in quality and cost for many years. Nice try though.

Yes, the CNBC futures numbers show the change based upon the closing price at 4:15 PM EST the prior day. -Eric

I trade exclusively Nasdaq and pay the SEC fee that you mentioned, as well as pass-through ECN fees/rebates (example: ARCA is 0.3 cents per share to remove liquidity on their book, 0.4 cents per share to remove liquidity externally routed and 0.2 cents per share credit for orders executed that...

As a very seasoned Nasdaq trader (5+ years and 500k+ trades), I would welcome a brief education on these NYSE delayed executions. In my very limited NYSE experience, I have found the executions to be very slow (manual process, etc), and I have found the cancels to come back very slow (manual...

Yes, actually, rollover to June was on Friday, I believe. -Eric

This doesn't sound right to me. My understanding was that the uptick rule is only in effect during regular market hours. After hours (pre and post), the uptick rule is not applicable and the ISLD orders should be accepted into the system. I could be wrong, but this sounds fishy to me. Best...

Nasdaq only. -Eric

hmmm... Do you see problems with this on a daily basis, or a huge number of stuck orders once every few weeks? I have only been using BRUT for the past week, executing ~ 1000 orders and and cancelling another ~5k orders have not had a single stuck order. I have now switched back to ISLD for...

Does anyone have a link with recent statistics on the Nasdaq market share for ISLD/INCA, BRUT, ARCA, etc? I typically send my non-marketable orders to the ECN with the most market share, and currently send them to ISLD/INCA, although I have tested BRUT recently and found no reliability issues...

Assuming a couple of ticks don't matter to you, then you could trade at any exchange and with any broker... Then again, you might want to save a few bucks, if this can be done for free. I don't expect much price difference at the Eurex, as this will be arbed out. But, you will find Eurex...

I'm hoping that someone can help me with the following question. The new tax law sharply reduces the taxation on corporate dividends received. My question is whether this reduction applies to dividends (or distributions) paid out by S-corporations? For example, I have a small S-corporation...

Is anyone familiar with which firms will be offering access to the Eurex bond/note trading starting next week? Trading begins Sunday night on this new exchange which should be a real threat to the CBOT in the interest rate markets. The firm I am with will not yet have access to Eurex for a...

I stand corrected. Average spread (difference between smoothed bid/ask) at time of trades: $0.036 So for each flip we have a "fixed" cost of delta + (spread*2) + commissions. That's 6 + 7.2 + 2 or 15cents rounded off. So out of each aborted attempt (flip) at 37 cents we lose 15 of...