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As "Professional Customer", you can make two sided markets on AMEX, ARCA, BOX , CBOE and NASDAQ. ISE has a filing to stop it but I'm not sure when the new rule starts. AMEX and ARCA have some limitation, but the others don't. They charge the professional customer rate not the customer rate...

Yes, we offer customer Portfolio Margin accounts.

When you say "lower commission than your firm," are you talking about my firm? Because I never discussed rates with you.

You can put in equity position with NO options. If you'd like, e-mail me a sample portfolio and I'll e-mail you the haircut/margin requirement. Bob rmorse@victorsecurities.com

What country are you a resident of? What asset classes do you trade? Do you require a prop firm or can you fund a portfolio margin account with your own capital. You can e-mail me the answers if you'd like. Bob rmorse@victorsecurities.com

If you're a trader that has the assets available for a Customer Portfolio Margin(CPM) account, you can avoid these exams because your won't be associated with a prop firm. CPM accounts are segregated customer accounts that offer good leverage and SIPC protection. IF you open the account though...

You can try putting your position into the OCC calculator. IB will use this (The TIMS calcuation) as the minimum requirement for haircut on a position in a portfolio margin account. (They can ask for more). It will be a good guideline for looking at change in haircut if you change your position...

Would you like to PM me your volume? If you have the assets for a customer portfolio margin account, I can do much better.

9,10,11....should not matter. To my knowledge, customer orders are time order priority. First order in will be filled before second order gets executed.

Victor Securities is an Introducing Brokers to Merrill Lynch Professional and Penson Financial and we provide a variety of solutions for Hedge Funds, Trading Groups and Active Traders. If you're not familiar with the IB relationship, we are the brokers for our clients. We are the single point of...

Most broker dealers do not allow dual registration. If your current broker dealer allows you, you can open a customer portfolio margin account with a firm like mine, and they would get copies of your monthly statements. That way you can trade with good leverage and not have any regulatory...

If your long the stock, long the 20put and short the 30 call, you don't have to do anything. You've reached max profit on the trade. If your concerned prior to expiration that XYZ will drop, the easiest way to remove risk is to buy the 30put. Otherwise, there is nothing to do. The stock will get...

It's not easy or simple. You can use the occ website to get a close approximation of requirement for a position. My firm offers a premium product for trading groups and hedge funds that will calculate portfolio margin haircut in real time for equity/option trading. The risk platform is very new...

$100K/day, day trading ES? Interesting. How many contracts do you trading in an average day to make that?

It's very simple. If you equity drops below $100K, your account reverts to a Reg-T Margin account unless you add money to bring it back over $100K. If , under Reg-T margin, you don't have enough equity for your position, you have to add money or liquidate your position down to Reg-T...

The skills are different but the discipline of trading is the same. You have to find an edge. Take advantage of that edge over and over again until it does not work anymore, then find another edge. Learn to deal with being wrong. Rate yourself by your P&L vs your risk taken, and nothing else...

-8%/+6% is the OCC using the TIMS calculator for Portfolio Margin Haircut, not Reg-T. His clearance firm adds a premium to the SPX minimum haircut. They are "shocking" the portfolio +/- 10%. http://www.optionsclearing.com/risk-management/cpm/

Sorry, I know nothing about UK law regarding this. I'm in the US.

Sounds like your on the right track, "consistently profitable." Your trading in highly leveraged markets. You don't need a prop firm. Most prop firms are equity only shops with no over night position. It will be hard to find one for fx and futures. Even harder for swing trading. Maybe you should...

Yes. For a Reg-T margin account, use http://www.cboe.com/tradtool/mcalc/default.aspx For a Customer Portfolio Margin account, the price does not come into account. The formula is different and you can use the OCC website for a base guideline. Your prime broker might ask for more margin...