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The old (pre 2007) uptick rule applied to the opening cross (I had more than one short go unable on the open due to the old uptick rule). It makes sense that the new 2010 uptick rule would also apply to the opening cross. I guess you would have to actually read the reg if you want to know for...

An ATS logged on under the combined account userid it will get fills & account information for both accounts. If the ATS is designed for one account only this causes problems. I had to create separate users for each account.

My gold card will no longer turn on. It's about 2 months old and has only been sitting on my desk.

I stopped submitting orders more than 3% away from the last just before the exchange's MOC deadline. If that hadn't worked I would have sorted them and entered based on distance until the IB limit hit. I didn't call IB. It wasn't worth the effort.

You've got that right. On Nov 15 IB started rejecting good after orders with times within 60 seconds of the close (emini sp and presumably other markets). It cost me a trade entry. I cannot fathom their reasoning for doing this. Now I'll need to set my own timer to submit the order at the...

I also like IB's strict account controls and I don't object to this particular limit when it is well implemented. As I pointed out in my original post, IB limited me on shorts as well as longs. For many of my shorts to trigger would take a general market up move of perhaps 10% in the last 15...

On Nov 27 I started receiving order rejections with this message "the sum of the risk of the outstanding orders likely to execute is greater than the current allowable multiple of excess equity." Presumably, IB has just started implementing a new account limit check. It is not very accurate...

I spent a significant amount of time trying to get historical option's data cleaned. They give you whatever data they managed to collect just as they collected it. Sometimes option symbols will change for one or a few days and then change back. You need to handle symbol changes due to stock...

I tried the Highest rebate strategy some time ago. I found I only got filled when the BBO changed. Not surprising since takers obviously will opt for the cheapest fills first. I decided the larger rebate wasn't worth the missed fills.

On 7/6 I submitted an order to buy ACI at 7.56 LOC. ACI closed at 7.15, but the order was not filled. After many minutes on the phone I learned there was an "issue" with LOC orders. Apparently the order was actually submitted with a price of 7.12 even though TWS showed it as 7.56. I...

I made .03119% ($31.19 per $100k) in March. It may not seem like much, but I'll take every little bit I can get.

So if I understand this correctly, if I was 100% long & 100% short, I would be carrying an initial short margin requirement of 50%. IB would be able to hypothecate that 50% * 1.4, or 70%, leaving a possible max of 30% available to me to earn lending fees.

I've been in the program for two+ months. I'm a short term trader so dividend considerations are unimportant. I also frequently buy hard to borrow stocks. 46% (my half of 92%) on BVSN adds up quickly. I'm pleased. It covered my short cost fees last month. I wish I'd signed up earlier.

Jreality, thanks for the explanation. I've learned a lot about wash sales this week and it doesn't even apply to me since I've took the mark-to-market election years ago. I'm just trying to reconcile my results against the 1099B. The new reporting rules make it difficult. I reconcile...

This is the first year the IRS requires reporting the cost basis. I've found what appears to me to be three glaring errors in mine. 1) In my 2011 Tax Reporting Statement under the section "Covered Securities Short Sales with Short-Term Capital Gains/Losses" all the date of sales are set to...

It does vary wildly. Some times there's big volume with little price movement from close to open, which I assume is some sort of prearranged cross. Other times there's big price movement and small volume followed by a quick reversion towards the previous close, which presumably indicates a...

That's what I'm trying to understand. If I can get a snapshot of the order book as it existed at the time of the cross and if that snapshot represents the full basis on which the cross is based, then I should be able calculate an accurate price. If the snapshot doesn't represent the full...

I want to measure the impact different order sizes would have on the opening and closing cross price. For example, the opening cross volume for JCP has ranged from 5,400 to 177,500 in the last 60 days. What would the price have been if I had sold 10,000 on the 5,400 day? On the 177,500 day...

They haven't taken it away yet. If they do I'll be short since I've exited. This is certainly one of the best one day moves I've ever had.

Thanks for the Nasdaq status link. My ATS won't try to sell until the end of day, so I've got some time to follow it.