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Your broker has a due dilligence to establish if you are long the security before allowing a long sale (avoiding the uptick) If you are net flat they are not supposed to allow this trade. If you are long and short in separate accounts at separate brokers... you should be fine. You may...

I would personally never send a Market On Open order. The market makers can see your order in the book and they skew the price up or down to fit their desires. Even if it is not supposed to be seen by the MM the book staff can verbally tell the trader it is there. Or even dumber, they may...

ARCA is an exchange and as such has access to ITS which sends a trade request messgae to regional exchanges if those bid and offers are marketable with an order on ARCA. It is not likely you will receive any price improvement with this method of trading. People usually prefer the...

Under the tax payer relief act of 1997, selling against the box is considered a constructive sale resulting in capital gains liability. I do not believe that different accounts with the same tax ID nuber would change this... :)

New Short Sale Rules The SEC may propose sweeping new short-sale rules “in the next few months.” The measures are designed to standardize short-sale rules across all stock markets. The new rules will reportedly eliminate the NYSE’s “tick test” and implement a “bid-test” wherein...

All options have one of 3 cycles. Jan, Apr, Jul, Oct Feb, May, Aug, Nov Mar, Jun, Sep, Dec Plus the first two months (front months) Plus any LEAPS they list :)

What and when is the ES, YM, NQ settle price based on? Is i tthe last trade, the mid-point, the opening price of the underlying index? CME website says the time is noon 9/19/03... Do they continue to trade after hours today? (18th) If so when do they stop? Thanks for the clarity... :)

Question how they figure the P/L per position... Many send a recommendation price e.g. $5... Then use the average price from the recommendation time to the close of the day to get the price used to calculate the P/L. If the advisor was winning more than losing this strategy would not...

I get that there is a new front month coming into play. What I do not get is why it always becomes so active on the same day approx (1 week and 1 day before expiration). Why not the Thur before it expires? Or some other day? Thanks, :)

Yes... I think $10 roundtrip is like twice as high as IB. But, I prefer it to feeding the "Great Trading Machine" T.P. is so proud of. http://www.interactivebrokers.com/index.html :)

I know this has likely been covered around this time every 3 months for the past several years... but I could not find an answer under the search feature. So, sorry upfront for the rookie question... :)

Why is it that e-mini volume rolls out a month on the Thur. a week before? Is there a logical reason for this or just old habit...?? Always scared to trade this day through expiration... :)

I use PreferredTrade... NQ, YM, and ES only... reasonable commish... $5 I think... (one way) No compalaints... www.preferredtrade.com :)

Does anyone know what the parameters are for when Nasdaq assigns restricted status to a stock? Thanks, :)

What is the time limit for entering orders on this crossing network? Can it be done any time before 5:00pm EST time? Can you send the orders down a DOT line? Or is there a special connection-thing-a-ma-gigie?? :)

My horoscope says I am out of sequence with the planet alignment. So I humbly apologize for any doubt I had. Well there you go... FVX not that confusing afterall, just got some bad info from OCC. They were just an off quote. 10 times the yield of the 5 year note is all the...

Well I guess I am on the cutting edge as always... Is there a direct website, I did not find info under NYSE.com Can you give a simple run down of how it works? It is similar to INCA where you get filled at the mid-point if a counter order is entered? Is it just after the close? :)

Brokers usually connect to a network of places that pool together the ability to borrow stock. Right now the QQQs (even though they are extremely liquid) are very hard to borrow. Many brokers will borrow from in-house customers when this borrow fails, but they of course the supply of stock...

Has anyone heard of a new crossing network at the NYSE? Do you have a website with details? Someone mentioned it on the phone, but I had no idea what they were talking about? They said it was similar to the crossing network on Instinet. Thanks, :)

Almost all brokerages have an insurance bond as well as the SIPC basic coverage. usually this bond covers 10 to 20 times the SIPC amount. Just call the customer service and ask them what backs your account... They will likely not know and have to transfer you to their manager (or try to BS...