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If you have negotiated lower commissions, say 1/3 off the regular rate, it will cut your assignment fee by the same % amount.

Anything that works! :)

Remember Medallion's fees were really high too, so their pre-fee return was nearly double that. As for beating 35%/year, well, I can do that on small money day trading but there's no way I can do it on $2B or whatever Medallions got these days. Non-scalable strategies are really more like...

I haven't been impressed with Schwab's order execution, but I've got high standards.

That's their public fund, institutional equities, which is fairly mediocre, not the good higher frequency one. Medallion is the good one, but it doesn't report numbers since it doesn't have outside investors any more.

Baron - I'm not sure when things changed, later today after my earlier post things changed. the updated version on my tablet (ipad) is much better now without the sidebar ads messing with the formatting.

No change in the formatting from what I'm seeing. Right now I'd say between the controls on the left (which I use very rarely) and the ads on the right (which I click on never), 40% of my screen width is wasted. And when I scroll down, that big chunk of space where the ads were is just empty...

On mobile/tablet devices, the present format with the left sidebar controls and the right sidebar ads squish the content into a small middle region that's difficult to read without re-sizing the screen when viewing all the forum posts. This is the biggest issue. I also liked being able to see...

Would it be too much to ask to have a setting so we could view it the old way?

Fractional shares of stock have been around a long time, from the days of DRIPs. They don't trade on the exchanges, but there's precedent for them existing for a long time. I'm less sure about futures, but you could always have some offshore bucket shop quoting bad spreads on a 1/10 or 1/100...

For those who might actually care about the details (not OP), this stems from Direct Edge's "Hide Not Slide" order type prior to their acquisition by BATS. It's not, contrary to the title, about anything BATS did. Gee, it's almost like people should be responsible for learning what they're...

If you read that press release, it's clear they've decided the outcome of the hearing well in advance. Regardless of the laws at the time, you're guilty of being rich and running a hedge fund and we're going to figure out how to make you pay. I like how they claim it could have destabilized...

What am I not getting here? There's a seller for every buyer, so unless you're talking about people digging up more metal, the amount accumulated is the same as the amount de-cumulated.

Maybe we have different problems Bob, but to be clear, immediately pulling an order ("spoofing") is different and in some ways more objectionable to my mind than placing big orders for some time ("layering") . I'd love to see someone "layering" a stock I wanted to buy or sell - those big...

Even when the HFT guys try to provide the liquidity everyone claims is lacking, the critics make up some new term and redefine it to be illegal. You wonder why there's no liquidity? It's because you get investigated for providing it.

Of course it's a witch hunt and cooperation is not optional when it comes to Attorney General Eric "Shakedown" Schneiderman or the SEC. These guys must not have been making their voluntary campaign donations lately. Seriously, the market's gone up so much in the past few years with all this...

I recall someone here mentioning that it was possible to have a relationship with the prop side of IB rather than the retail side, and that for this stock commissions were a (negotiated) flat cost per share rather than starting from the bottom tier each month like retail accounts do. Does...

It used to be 3 and I think they changed it to some number that's related to how much you trade (potentially more or less than 3). I can't remember the details offhand, but it was in one of the update emails I think.

I have also noticed that the book trader is a bit weird lately (945.2b). If you size the columns the way you want them and then switch away to a different screen/desktop, they reset to the original sizing which compresses a lot of the details you so carefully adjusted when you first started up TWS.

IB rebates are credited at the time of the trade, not end of month. However, they aren't passing through the actual exchange rebate, which depends on the brokerage level volume hitting various rebate tiers and are generally paid monthly. If you were at a place that was giving you their full...