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I recommend you do the following: 1. invest in gold and silver for at least 25% of your portfolio, if not 50% 2. Vote third party and encourage all your dumb, partisan friends to do similarly 3. Own at least two handguns (.45 preferably), one rifle and one shotgun. These three...

If the customers who had their segregated funds stolen were BLACK, how many of you think we would have seen an investigation from Eric Holder? It sickens me that justice isnt' blind in America.

You should let your clients choose their preferred FCM or introducing broker, if any. T4 is solid for execution on multiple accounts.

It's important to remember that Iran hasn't actually done anything to anyone. After the NeoCons f-cked us Americans over with their disasterous Afghan and Iraq wars, you think you'd people would be more discerning about "WMDs" and "Terror" - both of which are farces.

Those guys are good - I just opened some CTA Accounts with CROSSLAND. Quiet professionals, eager for the business, very fair rates. You can open with DeepDiscount or just go direct to CROSSLAND.

It's because futures trading is based on margin and your account could go DEFICIT ("DEBIT"). Because you live in a foreign country it would be difficult or impossible for a US broker to compel you to pay what you owe them, if your account goes debit. I recall working at a major FCM in...

We need more vigilante justice.

I can't tell you how disappointed that made me - was looking forward to dealing with a 'new' firm in futures. Your future accounts will probably be bought by RJO O Brien, which is disappointing. But your funds are safe. EDIT: I remember meeting recently with an MD of KCG, and he was...

You sound so bitter, atticus. Have they harmed you personally by providing liquidity? Do you *know* personally anybody who works at Knight? I do. They're not a bunch of MBA-type, Vampire Squid jerks. They're good, honest people. And yes, they're traders. So are you. (I...

@Wilbur - there's an enormous difference between the TAXPAYER saving a private company, and private investors taking an equity share. In fact, it's completely different. And I agree with you that the bailouts of 2008 were morally and financially ruinous.

What do you guys think, P.E. firm to the rescue?

Float's about $400mm. If I was an uber-rich Arab I would be all over this.... Knight trades about 750 million shares a day; NYSE does about 1 billion per day; NASDAQ about 1.2 billion per day. That's huge. Just got into futures, as well, with the purchase of PNSN's...

I'm as curious as anyone. I'd like to know why they didn't pull the plug on the misfiring algo after, say, 2 minutes.... the buying/selling occurred for 29-straight minutes. Knight's a good group of guys, I was sorry to see this mistake happen. Also, what are the losses? $10mm? $100mm?

Busted Trades are allowed under "clearly erroneous rules." For its part, the New York Stock Exchange said separately that it was reviewing trades on 148 stocks for possible cancellation under its clearly erroneous rules. Rogue algo trading is, perhaps, clearly erroneous. You stock...

Knight is NYSE's biggest customer, biggest trader.

For this to be true, the FBI under Holder.. F*cking Holder.. ..will have to seize about $1bb in customer funds that were fraudulently conveyed to JP Morgan. That is the only angle they can take to recover those funds: Fraudulent conveyance. And JP Morgan will fight it... More than...

HEY JACK! Aren't you that guy who places "TOYNBEE IDEA" tiles on asphalt in major cities?

How is it even POSSIBLE a person could write so much, yet say so little?

If you're referring to this: http://cjonline.com/news/legislature/2010-11-04/chase_hits_speeds_of_118_mph I will admit I find it abhorrent to endanger others by driving recklessly. I don't think possessing marijuana should be a crime, however. In any event, I don't follow...

I saw Beau was on a good run @ Robbins Cup, before PFG purloined half of their clients monies. This is probably what he was referring to.