Search results

Possible interest in a desk. PM me - if you don't mind - as details develop. UWS 70's now - only requirements are internet connection and reasonable noise level.

Fox guarding the hen-house . .

Bravo . . it doesn't fix everything, but is a major step toward restoring confidence.

Simply not true. Sentinel was a clearing FCM that had omnibus clearing agreements with other non-clearing FCM 's - meaning that they act as an FCM/broker to other FCM's just like your FCM acts as a broker to you. Velocity Futures' customer segregated accounts were held with them - hence the...

Re: the above article: I don't see 'Clawback' happening. Account holders have done nothing wrong to withdraw their own money from their own accounts. And there is no precedent. It would be tantamount to a huge fine - just for having participated in the futures industry. This is simply...

Well, I've been observing Zen-Fire with Multicharts for several hours so far today, & I haven't noticed any lag whatsoever compared to CTS - which I have sitting literally right beside it. Granted, there haven't been any fast-market conditions, but that is irrelevant to my style anyways...

I tried NT7 on demo, & could barely stand it - (though to be fair, I only tried NT7 for a few days). So I was hoping that some of the Zen-Fire problems could be attributable to NT7's bugs. There's no way to be sure - but that is part of the reason I have suspended judgement on ZF until I...

Yes, definitely - and yet another argument for having a back-up broker, where you could take opposite positions, & theoretically be 'flat' while riding-out the transfer process. (though I realize it doesn't work exactly like this in real life - at least you would have SOME kind of...

You could be right, but I take it this way: Company assets are subject to bankruptcy proceedings. Because of the co-mingling of some customer funds with company assets, a certain percentage of customer money is subject to legal wrangling as to whose money it is. However, there is still...

From the above attachement (CME memo): "When the verification process is completed and we confirm that all monies and positions have been transferred correctly, customers will be given access to cash in their accounts." Well, that's at least encouraging - it sounds as if each customer's...

Thank you - a good and thoughtful review. I'm getting ready to give Zen a test-drive in a live account this week, and was somewhat concerned about those videos I had seen before. I also avoid most periods that cannot be described as "normal order flow conditions," so any high-volatility lag is...

Amen - I totally agree. Sometimes I've felt it was a bit silly & inconvenient to have a couple of brokers. These days that feeling has totally vanished . .

From that same article: "People should expect that the money on deposit with MF Global will be tied up for some time,” Grede said. A former chief executive officer of the Hong Kong Futures Exchange, he has sought to recover about $600 million of customer money from Sentinel, the futures...

Wow . . insane. And you can get it just for tax evasion . .

Yup. He knows there are yet things to find . .

Agreed - the last thing I would expect CME to do is to disrupt orderly markets. That is the opposite of what they want. This is a temporary accommodation, so that firms which require 100% of Initial margin for overnite positions are not forced to liquidate their newly-acquired MF clients'...

This would clearly seem to affect day-margins for brokers that use "maintenance margin" as "day-trading margin." I would assume they would just come up with a different day-margin formula - rather than trigger auto-liquidations at the CME Initial Margin amount (which effectively would raise...

Comments are coming out now that JPM says they do not, in fact have the $$ (taken with a grain of salt from ZeroHedge - which is not such a reliable source). We'll have to wait & see if anything comes out of a reliable source, or if JPM makes a public statement, etc.

Hmm . . 2:51pm, the headline when clicking the ZH link above: Update: JPMORGAN SAYS IT DOESN'T HAVE MF GLOBAL MISSING MONEY._ Ok, now we need to check with JT Marlin

I can't speak to the prop desk issue, but one good thing about Advantage is that the CME lists them on their website as a clearing firm for all 4 major divisions - meaning there shouldn't be a behind-the-scenes omnibus clearing agreement through someone else. This is apparently where...