Search results

BSC has 14,000 employees. You would think that some of them must read and post here. I can't imagine that any of them are too happy these days.

Yes, that is the Turtles' Russell Sands. Maybe someone should tell them that Eurodollars is not a FX contract.

The CME fee on emini equity contracts is $1.14 a side. To be able to benefit from the fee waiver you have to be on a commission plus exchanges fees basis. At IB it would be the unbundled basis.

IB has low commissions, but not the lowest. IB could make a major cut in their futures commissions, but they don't.

I second www.opentick.com , but write a program to verify that each data set is clean and consistent before you use it for backtesting.

Winners number 71 and 72 with $718 and $516 in profits got the best deals. Make less than $1000 in play money and win $1000 in real money. Anyone know where I can get odds like that ?

Bespoke http://bespokeinvest.typepad.com/ has a different set of facts about recent volatility. "One and Two Percent Days Becoming the Norm A whopping 44 of the last 90 trading days have been moves of 1% (+/-) or more in the S&P 500. Fifteen of the last 90 trading days have been 2% days...

The rumors couldn't have been very good if HBOS stock only went down 17%.

The yield on Treasury Bills went negative in 1932. From the FDIC website: The height of the Depression: 1932 to 1933. The Senate Banking Committee opens an investigation into the abuses that triggered the Great Depression. The interest rate on U.S. Treasury bills goes negative...

What kind of tourist walks around with 5K in dollars ? Drug dealers or hookers ? Normal tourists use ATM cards to get all the Euros they want.

Cash is a zero coupon perpetual bond, not a good long term investment.

How much trading are you going to do at the backup broker? If you are going to do at least 274 RT a month, then TransAct Futures is good for a futures only backup. They are an FCM clearing through Goldman and have a lower RT rate than IB. If it has to be futures and stocks then...

Read the tax forms and IRS Publication 550 and do it yourself. General rules for options are that individual stock options are reported on Schedule D and index options are reported on Form 6781.

Is it that difficult to actually go to the SIPC website and read what SIPC covers and when the SIPC is even involved?

IB's cash investment policies are clearly stated at their website. "Investment Policy As a regulated broker, IB is subject to SEC and CFTC regulations on investment of customer funds. Permissible investment vehicles include bank deposits and a variety of top-rated government securities and...

The link is available from the IB website under "News at IB". http://www.interactivebrokers.com/download/IB08-102.pdf

Up to date overnight margins are available at www.cmegroup.com under "Performance Bonds/Margins". Day trade margins vary with the broker, but usually change when the overnight margin changes. The Russell 2000 has been having 4% daily ranges, so no suprise the margin requirement has gone up.

Clients money is segregated from the firms money, but there is no segregation among client funds. If a single client wipes out his own account and more than the FCM has in capital, then the rest of the customers may have serious problems. Do some research into the very ugly defaults of Volume...

Fair value information and more is available at www.indexarb.com

IB is a good backup broker for TradeStation or vice versa. The usual situation is that traders keep a small account at TradeStation for the analytics and their main account at IB for trading.