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Right, OTC and customized for each customer so just call Goldman Sacks, UBS, Deutsche Bank or other major bank and open a trading account (probably need one million dollar plus minimum account size). Failing that, forget about CDS and you can trade JGB bond futures at any futures broker...

That is true also.

Legging out in the right order will not create margin calls but can still entail enormous losses if premiums or bid-ask widths have gone sky high.

That only applies so long as the long leg is maintained. They might have to leg out on your behalf, as atticus mentions, if losses in *other unrelated positions* forced them to liquidate all positions in your account.

Liquidity of the futures is fine. What IB is worried about is the liquidity of the options in far out months, where the bid ask spreads are wide or even non-existent in a few cases. IB wants to be able to do instantaneous automated liquidations using market orders on each leg all at once if...

So would you sell the deferred month ZQ future outright or put on some kind of a spread?

So far, domestic futures account holders have received 30% with prospects of another 25%, in view of money the trustee has found so far. (Accounts designated for trading on foreign exchanges look to fare better and stand to get close to 100% - I may have misdescribed this class earlier as...

That's my opinion too - better to start over than build on ????. I am using R for a lot with parts in C#......

Equity index options are still systematically overpriced, though, even if somewhat less so than earlier (leaving aside for a moment whether more so than individual stocks). Would you agree with that? Some of the research along the lines you cite has been questioned. See e.g...

Which is your prerogative. However, deferred months of the same future are usually *less* volatile than prompt months (where you can have supply squeezes etc.). Granted, the options are thinner in deferred months but in my opinion arbitrage will keep them reasonable. I realize that IB...

I agree and that's why I switched from them some time ago. You will not sway them. I tried. If you have a large position that includes deferred month options in soft commodities, you will also find that the margin requirement swings throughout the day because they use a model for deferred...

Hmm TT must be feeling pricing pressure from competitors. Do you know which? Maybe from CTS T4 which is bringing out its own auto-spreader this month?

You're missing something. Try getting their samples working and compare your code to their samples.

Studies show clearly that index options are systematically over-priced relative to individual stock options, so for those selling premium, index options are preferable in general (of course there are exceptions, perhaps including certain widely-traded stocks). Of course there are still lots...

I recommend Chande, Beyond Technical Analysis http://www.amazon.com/Beyond-Technical-Analysis-Develop-Implement/dp/0471415677/ref=la_B000AP91T6_1_2?ie=UTF8&qid=1367316802&sr=1-2 for a deeper treatment.

Probably event wrappers, like any firm of exit or call-back, should not initiate new actions themselves, but just update in-memory flags and data structures, and new actions should be initiated only out of your main program loop.

You would have enormous exposure if the platform induced errors and/or was unreliable. Your customers would sue you. I do not know the software, but just because it exists proves nothing about its reliability or robustness. There is no advantage to you in its being "open source" if you...

Try Interactive Brokers. They only require a bit above $100,000 for PM and I have not heard them turn down accounts for lack of credit history - I do not believe that will be an obstacle at IB.

Thanks for the very interesting article reference. I need to think further as to how to study this better.

Bring up the BIOS Setup Screen by pressing Del (F1 on some BIOS's) right after powering on.