Search results

On a web search the URL http://www.lasalletrading.com/ is mentioned on several sites. The web site appears to be inop. It is possible that Lasalle Trading may have changed Domain names or have been bought/merged with another firm. You may want to check the phone directory in the Chicago...

Just a note. I think the most important part of setting up a an entity is to be aware that you are taking in and trading other peoples money. Make sure the entity you set up meets all blue sky laws in your state. The LLC, Corp. or LLP should be set up by a tax professional or Lawyer who is...

darkhorse, Position trading is ok with me as long as the trader has sufficent capital, doesn't overleverage and has an exit strategy. Nitro & KTM make some valid points. Monroe Trout and others mentioned have alot of capital to work with, and may have hedged their postions in some...

Predictor, The best "White Box" systems I have seen were arbitrage type techniques that were written in C++ or VB and put on API . I can't go into detail, but the traders made out very well. There are many trading systems that could be automated , but it is much harder to do than it...

Don has it right, the best trading system is between your ears. If you have a API (Black Box/White Box) trading system , it still has to be monitored, tweaked and maintained. The best API systems we have seen have taken arbitrage techniques and strategies and automated them . Most Neural...

I know nothing about BOX or any proposal for a new ECN or exchange for options . Perhaps Don Bright or Def( from IB) have some information .If there is an exchange that will allow true ECN's for options(and improved software that accepts spread orders and complex strategies), we may see some...

deepitm, Option Commissions are higher than stock for several reasons: 1-Options may require the handling of the order by a floor broker, this is especially true with spread or large orders. True Auto-Ex in options has restrictions as to order size and customers. 2-There are no...

mbs, I suggest you try a discount broker with direct access. Try IB, RJ Thompson or Datek. They will probably be giving you much better service than you are getting now, since these brokers cater to active traders & investors. These Brokers will also probably not charge for quotes or...

cashonly, Well put. That's a very "Bright" statement. We don't play the rate game, If traders want to go to get .005 per share, let them go. No names mentioned . It cost money to maintain infrastructure, buy new computers , run offices etc. If you are a real trader with us, you get low...

ktm, I can only speak for myself, but we do not support leveraged position traders. The risk(and reward) for the firm is really not there. 60% of our traders are flat at night unless they hold hedged(Synthetic Call, Put ,Conversion's) or approved match pair positions...

mbs, Position trading has the risk of holding postions overnight in uncertain market conditions. I assume you are a swing trader or you are holding postions longer and you have an exit strategy. While we do give leverage to daytraders, less leverage is given to traders for...

mscherbert, We could help you develop a "Black Box" system and put it on our network to trade automatically(REDIFIX). Let me first say that this is very hard to develop a system to trade profitably . You must constantly "tweak" the system as market conditions change. The best "Black...

Just a note. Remember Value Jet airlines. Another great deal. There are no free rides on Wall street. Gene Weissman Lieber & Weissman Sec.,L.L.C. gweissman@stocktrade.net

Dima, Call the NASD and Security reglators in your state for answers. You can find the phone numbers on a web search easily. You would still have to pic a firm for your products & clearing. I would give Linsco(LPL) a call. I cannot give financial or business advice in this forum. Good...

Some basics fo daytrading stock selection I like: 1- Stock moves at least 5% a day 2-Stock trades at least 500,000 shares a day 3-Stock is listed on a national exchange 4-Stock "trends" (tough in this market) 5-Stock is priced at at least 30. The higher the price the more...

Dima, I don't give advice on the boards, but I could send you in the right direction. There are some firms that offer a "franchise" type deal that would fit your needs. Pick up a copy of Registered Rep. magazine and you will see many firms. It might make sense to go with an established...

Don has it right. Most regionals follow the primary market(ie. NYSE). Once in a while there is an arb avialable, but this is often just a "bad" quote that needs updating. Our ROX software has access to the regionals Boston,PSE & Chicago-however, most of these regionals will not honor posted...

ArchAngel, I assume he meant Broker/Dealer margin when he said"leasing a seat". LLC's can give this type of margin treatment with "great" care. On Conversion's at LLC's there is a 5% haircut on the position( for example), I assume this is what he meant. Have a good weekend, speak to...

just21, Daytrading LLC's can give Broker/Dealer margin on option Vs Stock positions-however there are risks associated with doing this (the greeks), so most pro firms will require a substantial capital contribution to trade options(if they will let you trade at all). We will with a 50 k...

Many homebased traders post in the Elite Boards. If you go to conventions , like the On-Line Trading EXPO recently held in NYC, you will meet many professional home based traders. If you hang around these boards long enough, I bet you will meet traders from your area(within 100 miles)...