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I spoke with someone at TOS and they explained that futures and forex will be cleared through Penson and everything else will clear through TDA. I also asked whether the tax tool will consolidate both clearing firms information or if there will be separate tools. They replied that futures and...

The only reason I was contacted was because I manage accounts for others and my access privileges to their accounts will increase. This is the email I received yesterday. I also was cc'ed on a similar email to the individual’s accounts I manage. As far as the impact on tax tools I believe...

Correct. Just wondering if there are vast differences from one Clearing Firm to the next. It makes sense they would want to clear through their own company. Edit: I have not read much regarding clearing firms for retail brokers and was just wondering if there are any concerns.

When your broker (TOS) changes their clearing firms (Penson Financial Services, Inc., to TD Ameritrade Clearing) is there anything that one should look into or be concerned with? I know that different clearing firms can set different margin requirements but other than that I have had little...

FYI, TOS has charged the ORF Fee for quite some time now.

Sad day for Chicago... http://www.chicagobusiness.com/article/20110630/NEWS01/110639986/cboe-moving-stock-exchange-to-east-coast (Reuters) — CBOE Holdings Inc. will relocate the trading operations of its wholly owned Chicago-based stock exchange to the East Coast as it steps up efforts...

CBOE Holdings Inc. will for the first time offer electronic trading of its exclusive options on the Standard & Poor's 500 Index "shortly after" June 6, CBOE CEO William Brodsky said on Tuesday...

Looks like we have to wait until at least June 6th for a decision on SPX to be on the C2 exchange. http://www.chicagobusiness.com/article/20110421/NEWS01/110429966/cboe-must-wait-for-regulator-ruling-on-s-p-options

I am pretty sure SPX options expire this Thursday pm. You are thinking about the monthly SPX which was last week.

You could always buy 2 extended life batteries. Cheaper than buying a whole computer just for its battery life but you would also have to reboot too.

Thanks Roark. Now that you say that I remember reading it in the thread earlier.

I just opened an IB account and am trying to setup the charting in ninjatrader. I am getting the following error when trying to setup the Kospi chart. Error on loading chart data for "K200 04-11 Kse': Interactive Brokers" Error in requesting historical data from IB: No security definition...

Not to start a separate discussion but wouldnt the AMT kick in at some point?

Agreed. When I first started trading SPX option spreads I was close to being labeled as a PDT when I rolled a spread. If you want proof go to www.thinkorswim.com and click on the live help drop down. From there click on trade desk. Once the chat starts up ask them. You dont even have to...

Good point about the natural. I work my orders for better fills.

Just wondering if anyone can confirm this? I trade SPX and NDX (although SPX is a different animal) quite a bit and even when TOS is showing size of 50X50 rarely can I ever executed on a single order at that size unless the UL moves against me. So I end up trying 5 or 10 contracts at a time...

Opt789, You mention that you don’t have to pay yourself a salary in an LLC and thus can avoid SE taxes. How do you get your money out of the LLC then? My understanding is that there are two ways to remove money, salary and cash distribution. Are you saying that you don’t pay yourself a...

I plan on keeping the TOS account but wanted to expand into other markets so I am going to throw some money into an IB account and test it out, options and non option products. I have been very happy with TOS but am always looking to see what else is out there.

Outside of commissions which reduce your tax base anyway not much (internet, computers, etc.). I was more hoping for the retirement benefits and any health insurance costs once I quit my full time gig. EDIT: I should also mention I was also looking for a way to prove income as I plan on...

Opt789, Thanks for all the information I truly appreciate it. I was not aware of the additional taxation some states have on LLCs and will have to do a little more research around this. I was aware of needing earned income in order to contribute to a retirement account and that was part...