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I don't think it's more trouble than it's worth, if for no other reason than to keep them on their toes. To the guy at the prop firm: find out how your NYSE orders are routed. Whoever is on the other end has a trade desk that handles disputes. Call them. The "Z" modifier indicates a trade is...

hii: You realize he's talking about a pro firm here? Standard margin rules do not apply. Neither is "get your money out now" usually an option, especially if they're closing their doors. My impression from scouting a couple well-known firms is that $2K is roughly the same as $0 - you're...

My impression is that satellite is inappropriate for trading because of the long propagation delays. I actively traded with a reliable ISP over 56K dialup for years until I had broadband available. I have hot-backup (2nd machine, modem, phone-line, UPS, etc.) which made it quite usable...

You can only trade electronically-traded products at IB, and your orders go direct to the exchanges. They don't have people (which would be necessary) to work a future+option (or stock+option) combo for you for a net price. Futures calendar spreads were added in recent months, but may not be...

So, today's IBM close provided some interesting fodder for this discussion. IBM was trading around 79.25 near the close and then, all of a sudden, in the minute after 16:00, the offer goes to 80.00, and the NYSE prints (without the Z modifier) 169400, 3000, 18500, and the closing print of...

Could also be a prop firm that is a CHX member, making markets there, probably for print rebates or some such?

Quote from TickerWatcher: Where did u get these quotes? I never quoted ecn rates, but here are the rates I pay. BTRD $0.0064 BRUT $0.0055 ARCA $0.0035 INCA (Take) $0.0030 INCA (Add) ($0.0020) ISLD is the same as inca If i add liquidity my commissions work like this $3.50...

So, Ticker, do I understand correctly that you're paying: 0.0035 NYSE 0.0065 INCA take liquidity 0.0035 INCA add liquidity 0.0065 ISLD take liquidity 0.0015 ISLD add liquidity ? I'll note that the 0.003 rate for INCA is better than the published best rate of $0.005. Do you really...

Does it strike anyone as wrong that the NYSE wants to charge even for a listing of who the specs are? After all, these people (the specs) are the contra-party to a lot of our trades. Is it too much to be given a list of who they are?

Quote from onelot: On Friday, 12/13/02 I had problems with stop orders not getting sent to the globex for some time after price had hit my price level. For instance I had an order in to buy at 901.25 ES and after price hit the stop the order indicator didn't turn green for 1 minute and then...

Nitro: Can you share some specifics of a connection (from where, to where, vendor, ping times)? Do they actually run over separate backbones, or are you just getting a fixed (and perhaps more direct) route across a particular vendor's network, avoiding other vendors in the process? I get...

As I understand it, there are issues with what might be considered solicitation of retail customers by prop firms, so it's something they have to be careful about. Publishing commission schedules, etc. could be construed as such if a regulator chose to do so. Also, a firm's commissions...

That shorts are not allowed below $5 is almost an urban legend. While most clearing firms do not allow it for risk management reasons, it can be done at IB, albeit with 100% or greater margin requirement, as previously posted. "Marginable" and "can be carried in a margin account" are two...

I'll take the bait... Quote from trader963 YOU GOT TO BE KIDDING ME! Ib is not nearly as fast a hammer, watcher, tradecast, redi or gratetrader. You can make more $$ if you switch to a better platform. Huh? I've used gr8trade. It's a big, slow, bandwidth-sucking behemoth compared to...

hii said:"You would still get your daily bulletins informing you when ARCA and OneChicago are unavailable." :)

I love threads like this. Has everyone forgotten that the Naz MMs raped and pillaged for 25 years, and the OTCBB continues to do so? What they made an open practice of makes the occasional NYSE issue pale by comparison. As many who trade the NYSE for a living will attest, much of what people...

Against my better judgement... Quote from bobcathy1: Wow do you live in a dream world. Seems real enough to me. Things in my dream world would be substantially better. And you missed the point. Your computer may be "secure", but if you stick things on the internet....they are there...

The problem is that "daytrade buying power" depends on exactly what you are trading, the time of day, etc. If they had a field that was called "DTBP" that showed 4xEMV, it raises the prospect of complaints from people that get liquidated at 15:50 because of the 50% overnight rule, people that...

Quote from bobcathy1: Trust me, there is no privacy once you log online. None whatsoever. That is why, if you can't put it on the front page of The New York Times, don't put it in your computer. That's somewhere between over-simplification/generalization and paranoia. Why should we trust a...

The demo is not always up on the weekends, mainly because if it breaks for some reason, the techs aren't there to fix it until Sunday afternoon when Globex opens.