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A useful conclusion that came out from this thread is that there are firms that explicitly state on their website and the fine print that negative balances do not have to be paid (FXCM?) while others have set a precedent that they would not pursue those claims (Oanda). So if your strategy is...

pentaquark, i am sorry for your loss. But look at the bright side: From the communication with IB you posted, it seems you have a negative balance in the 5 figures, i.e.<100k, base currency CHF. Switzerland has the highest wages in the world. You can probably pay back all of it with the wages...

some more info on IB's 120m loss from Thomas Peterffy on today's earnings call: - 80pc of the loss i.e. roughly 100m due to 5 non-US accounts, one organization (HF or whatever) and 4 individuals. One account from spain, one from HK (i believe), the other 3 each in another country. - 75pc of...

From Bloomberg, 01.12.2014 13:00:00 FireEye's new research and development center in Dresden. Photographer: Arno Burgi/dpa/AP Images Hackers with Wall Street expertise have stolen merger-and-acquisition information from more than 80 companies for more than a year, according to security...

Madoff "delivered" consistent returns a bit above 10pc per year. He had his SEC registered investment company, a real NYC address. He banked with JPM NYC. He satisfied all withdrawal requests until the last day. And, I personally believe that Madoff did not start out with the intent to run a...

if you ever wanted to know who those crackpots are that bought the manipulated weed stocks, here's a funny article. http://www.mensjournal.com/magazine/print-view/buying-high-how-to-get-rich-on-pot-stocks-20141021

a good writeup on this complicated subject below. company settled for 1 million without denying or admitting the findings From Bloomberg, 17.10.2014 00:02:02 The gravy goes on the meat. One good general rule is that it's harder than you think it is to figure out what's market manipulation...

Nobody, from reading your posts I see you have developed a thorough understanding of international tax matters. "Correct, when I stumbled into this problem I stopped my application and took another (even more favorable and cheaper) solution. I left Belgium. I was happy they did not give me a...

The by far best and simplest solution to the fat finger/ error problem comes from Thomas Peterffy: " Obvious Error Rules Allowing for After-the-Fact Cancellation of Executed Trades Harm Liquidity. Exchanges Should Program Their Systems Not To Execute Trades that Would Violate Obvious Error...

From the news reports, it looks like this trader targets gains of at least several pct on each his positions, so IB's roundtrip commission of 0.16pc is certainly no concern there. Agree though that the market seems to be fundamentally different, but this is true with other markets as well. For...

BB "broke" this story last week: http://www.bloomberg.com/news/2014-09-25/mystery-man-moving-japan-made-more-than-1-million-trades.html a few key points here: http://zortrades.com/8-things-to-learn-from-japans-biggest-day-trader/ very interesting story, no doubt

http://www.lrb.co.uk/v36/n17/donald-mackenzie/be-grateful-for-drizzle -----------------------------" By the time the old code was found and switched off, the firm [Knight] was on the brink of bankruptcy. Such events don’t always become public. In a New York coffeehouse, a former high-frequency...

The Big Board . . . It was about an Earthling man and woman who were kidnapped by extra-terrestrials. They were put on display in a zoo on a planet called Zircon-212. These fictitious people in the zoo had a big board supposedly showing stock market quotations and comodity prices along one...

http://www.bloomberg.com/news/2014-06-19/currency-probe-widens-as-u-s-said-to-target-markups.html I really don't understand these clients who hand bank traders a blank check. So these small less sophisticated hedge funds (still big enough to have accounts at GS apparently) call the trader...

Thanks for the discussion here. Would like to try the IEX Thor also. Is changing order routing to IEX instead of Smart enough, or are there other settings? (as I recall there are some orders that reside on IEX system while others get routed out in case they become marketable). BTW, have read...

MoreLeverage, these certainly are 2 valid points. I guess nothin's perfect... I personally believe that the benefits of a single order book outweigh the single point of failure risk, especially if you keep things simple (no gazillion order types with different rules, order forwarding to other...

on another thread, I have suggested a way to go to a single order book for each instrument without communism, but a regulated market based system that still ensures competition among exchanges: ------ Anyway, this would be my "grand plan" for the markets: - ban internalization - a single...

From their public talk, it seems like they are working on some grand big bang plan. But agree with you; better not to expect too much from there. Anyway, this would be my "grand plan" for the markets: - ban internalization - a single exchange with one order book for each instrument...

Thanks a lot. Didn't read this before. trader422: "Later, I learned that the predators know immediately, if they care at all, where the hidden NBBOs are ... in fact they invented a special order type (NYSE calls it an ALO order) which basically has the purpose of allowing predators to sniff...

hahaha, strange. have been thinking and noticing the same. I can understand it when you get hit for 2 shares or so, then they know that there's a hidden order. Thats probably the purpose of those 2 share orders. "Market intelligence", placing costs on competitors, and (in case of a displayed...