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It is the same code and basic architecture but Mirus runs their own white-label copy on their own servers. People generally prefer the original.

IB has Lloyd's excess SIPC insurance up to $30 million and is one of the safest there is. http://www.interactivebrokers.com/en/p.php?f=ibgStrength&p=a Over a million dollars you can have them buy t-bills for you and use them to satisfy margin so that would be further protection.

Oh I should have included CTS as well as TT, Rithmic, and CQG among the choices.

Thanks - they do seem to have a good number of spreads. However from that list they appear not to have ICE Brent Options.

Since Interactive Brokers does not offer some energy products that I want (such as implied contracts and Brent options), I am looking at others. Which of the following execution and routing choices would offer the widest range of energy products worldwide, including spreads and options...

Sounds attractive! Actually I believe that quite a few foreign countries (including even some in Canada, as well as all of the offshore tax havens) permit creation of a company with all foreign (e.g. USA) directors and shareholders. So I believe that a U.S. citizen and resident with no...

It takes very little margin in Interactive Brokers to do it as a forex trade.....much much more to do it as an ETF trade....

Note though that U.S. regulations restrict foreign forex brokers from dealing with U.S. residents whether or not they have another citizenship. Here is a quote from one broker: http://www1.hymarkets.com/cusagreement/Terms%20of%20Business.pdf : "If it comes to our notice at any time...

There is indeed an interest cost, although there really should not be one because interest rates are the same in both currencies. The reason there is one is that most brokers add and subtract 25 to 50 basis points on each side as an added charge in calculating the swap rate. If one had...

ActiveQuant

It is not under pressure at the moment and I was not necessarily implying that. If you break a pattern or routine it just means you discontinue it. It's just a quibble in any case because the effect is the same no matter why it occurs.

It does not matter much because USD and HKD have been pegged for decades. Eventually the peg will break and probably HKD will be worth more so, if adjustments are not instantaneous, you might be ahead in HKD while adjustments were pending. Also if you are in HK then probably HKD will be...

I need forex forward contracts on USD.HKD (or options). SaxoBank offers them but will not take U.S. customers any more. Are there any U.S. brokers that offer these? The account is not large enough to qualify as exempt.

Interactive Brokers, at least, treats this as essentially the *same thing* as holding cash. Their accounts are inherently multi-currency accounts and you can switch cash around among currencies without using much if any margin. You can put on a short USD.HKD position of any size. To the...

It's not a good idea to do it for the reasons you have. You will have to lie about your residence on the form used to open the account. It asks for your residence, not for "an address." U.S. residents have to file a yearly report of foreign accounts...

Run a margin report in IB account management on the web and you will probably see why in the form of a special surcharge. I think I can guess but better you run the report.

Does anyone know if one can get around the CFTC restrictions by becoming a broker dealer or CTA or associated person or some such? Can this be done at modest cost if as a broker dealer you will have no clients other than yourself?

Thanks Alpari FX Options looks promising. However, they do not have SGD and HKD which I want. SaxoTrader does have these. I will look into vCap FX.

I am interested in trading FX options (including selling them) and forwards. Saxotrader seems to be the only platform that offers these. Saxotrader may be available to some U.S. residents through investorseurope, even though they cannot take U.S. clients through their website (due to...

A one year extension was just announced: http://www.foxbusiness.com/industries/2011/07/13/sec-suspends-rules-barring-retail-forex-trades-by-brokers/ (Talk about taking it right down to the wire.....)