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Just to be clear, being flagged as PDT and dropping below 25K is not grounds for suspension. You're simply limited to 3 day-trades in a 5-day period and 50% initial margin for US stocks/options until you bring the equity back up to $25K. Managing to violate the 3 DT limit (despite the built-in...

Quote from bighitter1: let's say somebody does under the 300k a month shares the base commission is .0035. so the minimium commission is 70 cents. so if one does 100 shares they still pay the base of 70 cents or 2 cents a share. No. $0.007 per share. what's getitng me is it looks like...

Assuming it is set to allow triggering outside RTH, your stop should be triggered just after the opening time Sunday either by the first print or by the first change in the quote (bid or ask - I forget which) price or increase in its size. If it is, instead, set to trigger RTH-only, it will...

Agreed. If it's not already there, you might post to the "IB suggestions" thread in case they miss this one.

Quote from kostia00: ... The second bid or ask must be at larger size, if it is at the same price. The bid/ask must also be not crossed. Would anyone else object to adding the phrase "by more than $0.05" to this logic? It would seem that this would improve execution prices, particularly for...

I think you can cancel if you are now on the same side of the imbalance or something like that. The rule is not enforced by the trading platform - it's done by NYSE's systems. If you try to cancel when you're not allowed to, DOT rejects the cancel, and your platform should indicate this (i.e...

A limit buy order above the current offer is "marketable" and, for most purposes, is the same as a market order. I almost never use market orders, preferring limit orders instead in case something unusual happens with the market or the order. I don't expect to get filled at a price better...

Check with the vendor to be sure the feed is supposed to show every tick. IB, for example, intentionally uses a "snapshot" scheme that greatly reduces the amount of bandwidth required. Some (including me) find this desirable.

Don: Sorry if I put words in your mouth. Can you comment on what the "global position" rule is for prop traders? Is it summed across all your traders that share the same prop account, or is it sufficient to look at just an individual trader's sub-account? Sounds difficult to do "the right...

The papertrading or demo platforms may not be accurate in this instance. It will probably (6:5 :) ) do the right thing.

Most likely, they are hidden orders on INET. Also, if the market is 10.50-10.75, and you give your broker a limit buy 10.65, he may elect to fill it himself at .65, or give it to someone else who is willing to do so. In general, odd-lots (orders for less than 100 shares) are not displayed...

Past experience at other firms was that they journaled the long position to the short account to flatten it out the night of the trade. As Don mentioned, it's an advantage to be able to have such a "box" position because it allows you to (illegally) sell short on a downtick. It's unclear...

Did they provide you any of the details? I'm sure it would be instructive to know the basis for his (temporarily) successful appeal. Unless, of course, it's "screw the retail customer, this is MY house" :)

Can't short it a lot of places because it's under $5. One place has it for $0.13/share premium.

ARCA already trades 04:00-20:00 ET. 04:00-07:00 is particularly illiquid - they haven't managed to grab the European business they had hoped. I expect that session will get dropped again. I'd like a shorter trading day. 08:00-09:30, 09:30-16:00, 16:00-18:00 for starters. Most of the rest of...

In a live USD account, buying 17500 GBP.JPY at 208.35 (market .29 - .35), check margin gives me a req of $763.06. I, too, calc the requirement as ~$1321 based on the margin page. Perhaps there's a discount for crosses like this (as there should be).

I, too, see 3705800@3.25 at 10:26:49 as the first AMEX print. It's odd that the next trade, 83300@3.15 at 10:27:24, is the one marked with the '@' as the opening print. Either way, you should have been filled. I love how the thing opened $0.40 above where it was trading on the ECNs. No wonder...

Quote from Tums: p.p.s. contraversial attention grabbing headline... Yet you reinforce the behavior by helping. The guy is worried about a few dollars for a long-distance call with a position that is worth $25/tick. Brilliant.

Quote from johnk49: I have emailed TAC a few times about this but the lazy pigs can't even bother to reply. I wonder why.

Which, unfortunately, doesn't say anything about whether such confirmation is binding in case of error. Like I said, pay a lawyer to tell you. Not only can he find the appropriate law, but an experienced securities attorney has enough cases under his belt to know how the courts/arbitrators...