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Good point... I trade mostly illiquid stocks with 100,000/day volume or less... So I want the primary market and that's where IB sends them... Today 78% of my executions were NYSE.

The above is SUICIDAL advice for stocks. You MUST use limit orders 99% of the time. With a Limit Order... Your interests and your broker's interests are aligned... You both only make money if there is an execution at Limit Price. That said, many brokers are incompetent or dishonest...

The idea that Bernacke that kind of control... Is completely insane... And exactly why guys like you always blow-up. The Fed will eventually be overwhelmed my market forces... The longer Ben can dance on a pin... The worse the fallout will be.

There are 4 different W8 forms... I know that individuals and corporations... Fill out the same one = W8-BEN. Generally, 15% on taxable dividend payments ONLY is withheld... And this amount ends up as a Tax Credit on your tax return. Tax treaties are there to provide reporting to the...

You are a disaster waiting to happen... But don't worry about it. A good way to not think about money... Is to create a large amount of trading statistics... Orders sent, volume, profit, margin, etc... Focus on driving the stats higher and higher. That's what multi-millionaires do...

You're doing stuff that requires a 10 year learning curve... Very inside baseball... But you MUST be capturing the spread on your option positions... Or it's all a non-starter regardless of your expertise. Providing liquidity in return for the spread is a core Business Model... But it's a...

Give it to me, man... This is exactly the kind of stuff I wanna hear... So I don't waste my resources. But I've made 2 million stock trades over 15 years... Because I understand market randomness. "back month... based off front month" Yeah, they only diverged by 70 ticks or whatever...

I write all quote data from TWS to disk by symbol... So I collected a week x 24 hours of several CL contracts... Then wrote a VB6 program to parse the data files. The numbers are entirely reasonable... Last week I estimated the June CL at 2 tick ave spread. But volatility widens the...

Yeah, requiring a shutdown once a day is so 90s... And no explanation = IB culture.

Here are the CL June stats for the week of Feb 7, 2011... Hour, Data Points, Average Bid Size, Average SPREAD, Average Ask Size 0...... 0........0.0..... 0.0..... 0.0 1...... 1358.... 3.9..... 5.3..... 3.9 2...... 5337.... 3.0..... 4.9..... 3.0 3...... 10263....3.3..... 4.4...

How could 2 securities with significantly different volatilities... Be consider a "pair" by a competent trader? And pairs trading really ends up as "basket trading"... Which 20 or 50 or 100 pairs split up in long/short baskets. Diversifying with large baskets... Is the only way you can...

No one cares about your "IP". There is no "IP" in something as ordinary as Forex trading.

Thanks for your reply. I view calendar spreads ONLY as a temporary hedge... 90% of the ballgame is the SIZE of the June spread... I trade stocks with decent spreads ($0.03-$0.05) all day long... So I know exactly how much of the spread I capture. And dabbling in Forex/futures... I...

That's really a momentum thing, I'm not wired for momentum... I'm wired for market neutral, reversion and scalping. The game is actually simple... Do you capture more spread ticks scalping... Than you lose on big moves. You're last point is spot on... Scalping is a skill, you get to be...

I specifically mentioned CLM1 on Nymex/Globex... That's 3-4 months out... Which is HIGH volatility SMALL bid/offer size market... The opposite of what you are talking about... Queue priority seems almost irrelevant here... Even less relevant off the market.

You don't have to rewrite "all programs"... Optimize 10% of your code... Prioritize orders in a queue and be remotely efficient. I do > 1000 executions/day with IB... And my orders/execution ratio is about 3:1, 4:1 max... But I'm not trying to manipulate the market in any way... Unlike...

Exactly. Market making is pretty much 2 things: (1) Staying market neutral... And any reasonable hedging strategy will be over the long run. (2) Capturing part of the spread with HFT. I've been doing this with stocks for 15 years... And have been experimenting with Forex and CL...

You can form a Delaware LLC... And open an institutional account with IB or any other US broker... The US corporation is a "US person"... *** It does not matter where you are trading from ***... I have done this with IB USA... Just call Institutional Sales in Greenwich, CT if you have any...

You can't. (1) IB shows you an "indicative" rate... but "real" rate can be anything. (2) The rate and charges DO NOT appear on your statement. You just get a LUMP SUMP interest charge for 100s of trades... An individual Stock Loan RATE can NEVER be determined... It cannot be...

The exact opposite is true. Any Competitive Advantage that you might have... Will be the result of accumulating EXPERTISE... Almost always specific to a specialized market niche... And then leveraging that professional level EXPERTISE... Into an expertly executed trading strategy...