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Silexx obsidian has equities, options, futures and options on futures for $400/month including exchange fees. Better?

I've never used it, but I hear option city works well. I've done a demo for equity options, but it was designed for futures and options on futures. Premium product, very expensive but worth it. If you need more info, PM me your contact information and I'll get you a contact over there. Bob

Forex markets are not the same as equity markets. FX is still the wild west.

I'm not sure what your question is about Customer Portfolio Margin account vs Reg-T Margin account. You should e-mail me your contact information, and we can talk about it. I'll tell you what I know. Bob Morse Victor Securities rmorse@victorsecurities.com

I'm not sure what your asking, but IB is not an ECN. They are a Prime Broker that also has a trading arm. If you have Direct Market Access (DMA) through the platform offered you, you receive time order priority on most ECNs, like ARCA. If your in 1st, you get done before the orders behind you...

I could be wrong, but think this product is long s&p and long gold as a hedge, not long/short.

I can't recommend how I would execute the deltas without examining the current option markets. You would also have to take into account your risk tolerance and expectations. No one here can suggest the best way to accomplish this for your trading without making a lot of assumptions...

If your looking to buy SPY in GLD currency, you would want to buy SPY and short GLD dollar neutral. Once you calculate the share positions, so can execute the correct deltas you need with whatever options you feel are best.

I feel like I'm missing something. I'd like to help but I don't understand what your trying to do and why.

In addition, 2-legged SMART routed guaranteed US stock/option and US option/option orders can be executed by IB on different exchanges, where each leg is routed separately. Any risk of resulting execution that does not satisfy the required order ratio is taken over by IB. _ They are saying...

Can you send me a link to that. In my experience, NO electronic broker will take legging risk on any spread. No broker will of any kind. Not even a floor broker. I've been in this industry since 1980. Both on trading desks, execution desks, and wire clerk, floor broker and trading market maker.

I can't talk for IB. But if their are not at least one side of the trade, how do they execute the other without risk. Then, where does the order sit when it's not executable? You'll have to ask them. I would only want my orders sitting in place where the maximum number of traders have access.

What do you mean by "futures arcades".

In general, a smart route supported by a broker like Interactive Brokers goes to their system, so your commissions are lower, because they don't have to pay for order flow. If you route your order to the ISE or CBOE complex order book, you will be fine. All the big traders monitor both, I have a...

If your order is routed to the complex order book of an exchange: 1-yes, someone must do the other side as a spread. 2-the other side could be a mm or any person entering the other side. In most cases it will be an "electronic eye" looking for "value" or edge, typically a broker dealer. If...

What your talking about is NOT market making. Market making is about finding a price range your willing to both buy and sell vol. in an option. Then find the most profitable hedge and manage your risk. The pricing you come up with does not have to fit the market, but if you don't ever put...

Maybe it's not Penson. Maybe your just trading hard to borrow stocks, or trying to get locates late in the day. All the locates might be used up.

If you post bids and offers on the option exchanges, you either get a match with market makers or get priority over MM. Each exchange is different. I've spoken to options traders that trade 50,000 to 100,000 contract per day on the markets, as customer. As a retail customer, if your orders are...

Making markets as a member of an exchange requires a broker dealer license, a trading permit and a clearance firm before you can be concerned about the best way to make markets. As "Professional Customer", you can make two sided markets on some exchanges using software from at least two...

The word "successful" will have a very different definition from everyone here. If your trading as a business, [successful option trader]=[make money] If you lose money, how can you consider it successful? To me, P & L for the risk level you took is all that matters. If you make a lot of...