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This may be out-dated, but IB says that they won't route opening odd lot orders to NYSE's opening auction. https://www.interactivebrokers.com/en/trading/orders/oddLotOrders.php The NYSE imbalance data also doesn't include odd lot volume, but I'm not sure if this is because they don't...

I haven't noticed any problems and I use some of their tools daily. Sure every once in a while the java crashes and you have to restart, or maybe there's a delay in the data which catches up after a minute plus or minus. But we're talking rare problems and technical ones, not correlated to...

I don't know about Truth, but the science has been clear for a while. For example, the mercury in the vaccines alleged to cause the problems was removed in 2001 in the US and Europe, so if you believed this was responsible you'd be pleasantly surprised by the dramatically falling autism rates...

FINRA decided they needed a 25% raise and are taking it out of your PNL. Details here, posted previously. http://www.elitetrader.com/vb/showthread.php?threadid=277161

And probably a handful of politicians in those thousands, and guess who won't be voting against the upcoming NSA surveillance retroactive legality bill? But why do they need to catch people with bad stuff, when they can just ask your ISP / email provider for your password and put the contraband...

Right, so if there are 100 shares issued, now each short sale results in an extra short and an extra long. So you could have 200 long and -100 short, or 300 long -200 short or whatever, as long as it adds up to 100. My point is that the short magnitude seems like it could be big or small...

Right, but the guy on the other side of my short sale is now long. So his shares can be lent, correct, and so on? I understand this whole thing can be a house of cards if some of the loan shares cease to be available for some reason, and that gives rise to a short squeeze when a lot of people...

The exchange companies (like Nasdaq and Bats) now run multiple ECNs to offer different pricing and features. Nasdaq runs Nasdaq but also Bosten (BEX) and Philadelphia (PHL). Bats runs the main bats exchange (BATS) and also batsY (BXY).

This might be a stupid question, but if I borrow 100 shares to sell short from someone who actually holds them, what's to stop them from being re-lent by the buyer I sell to? It seems to me a bit like open interest in futures - it can be really high or really low, depending on how the...

Like any transaction in the market, there is a loser for every winner since there is a counterparty to every trade. In this case, longs who sell before the excess shorting is resolved likely receive a lower than fair price, while shorts who cover before its over likely receive a better than...

You can read the conference call transcript and judge for yourself. The parts about his drug use shows up towards the end, but the paranoid stuff runs pretty deep. http://www.sequenceinc.com/fraudfiles/wp-content/uploads/2008/06/ostk081205.pdf (transcript)...

"I want more life, fucker!" http://en.wikiquote.org/wiki/Blade_Runner

Byrne, winner of the worst CEO award two years running, and known for filing baseless lawsuits to detract from his questionable performance, takes out vindictive ad? Well, maybe the Chief Nutjob found his Sith Lord after all. Too much coke makes you paranoid, they say, and he's sure paranoid...

The SEC has been after SAC for years and couldn't prove anything - he must not have donated to the right party or I'm sure this would have all gone away. The SEC recently admitted they don't have a good case by letting the 5 year statute of limitations expire for criminal charges of insider...

The powers that be fired the police chief for running a reasonable investigation (not arresting fast enough when evidence suggested self defense and hence no crime), and the IT guy for telling the defense that the prosecution was hiding 1000s of photos from the victims cell phone and not turning...

With unbundled commissions, you can get negative net commissions for providing if you're doing enough volume. I sometimes get negative commissions with IB, although sadly the average is still positive ;).

If you're hiring traders to trade for you, the main thing you need to be able to do is manage their risk and cut them off before they lose too much. If the bad ones can't hurt you too much, the ones that are left will do fine by you. Consider incentivizing them to meet risk-adjust performance...

And yet online poker is still played for money. There will always be uncooperative offshore venues where a BC exchange could operate, although the Feds can make it harder on US citizens to use them ala restrictions on funds transfers. It does seem that there would be a good market for BC...

Just my $0.02 worth, but I think you're right it's not so hot. For those splits, they should be providing the capital. Also, what data center that matters is in NYC?

Who do you use now? All the major retail brokers "shuffle your order" off to market makers like Knight or Citadel before it goes to market, and your broker gets their payment for order flow as a kickback. Not sure what the big difference is that at IB those are two units in the same company...