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How about you read my post thoroughly and not try to tell me how to trade. I'm talking about a HIDDEN order placed a good distance from the bid/ask. If I wanted to hit a bid or ask I would. Does my non-marketable hidden order get sent anywhere before its ultimate destination? Since it is...

Clear enough. But that's only half my question. What about other market venues? Do non-marketable hidden orders get flashed to dark books and other routes? I would hope not, but that's only a question IB can answer.

Hey Def, If I enter a non-marketable hidden order, does it still get flashed to TimberHill and/or other market venues? I'm not one to buy into the conspiracies, but this is becoming uncanny how my hidden orders get pennied despite being submitted when they are half a percent or more out of...

This is doable at IB using a good after time order.

I noticed I had a typo in the first line. It should read: structSTIQuoteSnap isn't a command. It is the format of the data you receive from a OnSTIQuoteSnap event.

structSTIQuoteSnap isn't a command. It is the format of the data you receive from a OnSTIQuoteUpdate event. To get quotes use the RegisterQuote method. I think Sterling's website has some working examples as well. and btw, if you want the bid/ask more than once, ie. not a snapshot, you...

I know the guy is good but expecting him to know US tax code as a Canadian seems a bit much.:p

Indeed, after 10 months I think Lescor has done an admirable job of showing how to be a trader, as opposed to how to trade.

So not trying to diminish what Mr Paul is advocating, but why does every Fox clip I click on feel like a paid infomercial.

Depends on the broker. But there's nothing the broker can do about it and when it reopens you will be back to day margin. Stuck in LPS are we?

You could always lower their commissions....... :p

Seem like appropriate questions to me, especially to ask someone who is actively "hiring" on these boards. It's a crucial question for a prospective trader at Bright and a fair question to ask of any employer who is advertising for your services - how will my income be reported? In most...

Don, will your traders still get a K1 or do they get 1099's or W2's now?

Looks like it's time to rename the thread to "Questions for Maverick" :p

Fair enough. But tell me, do your equity traders who hedge or take occasional position trades in SPY also get access to the ES at that rate? Or is it strictly for high volume futures traders?

1 ES = 500 SPY not 1000, so cut the SPY commish in half. Bad fills on stops can happen in any market, even the ES. Comparing Don's rates vs a cost competitive futures firm that has an exchange seat is comparing apples to oranges. You might as well be comparing against Charles Schwab's...

Some problems with your analysis: 1) His commission has not changed with the 80/20 payout change. You pay the same at the new 80% payout as you did at 100%. There's no "choice" - you either take 80/20 at the old commission rate or leave it. Don has yet to correct me on this statement, so I must...

It wouldn't be 20% of only your winners. It would be 20% of your net profits for a month/week/year, whatever the terms of the agreement are with Bright.

They are if you don't clear through GS. And your rates aren't .003, they are .005 for anyone who trades algorithmically, ie. small shrs/ticket.

Don, from what I can tell the only thing that has changed with your business model is you take 20% of the profits. No change in deposit, no change in commissions, which are still higher than retail. Your JV program sounds interesting, but not a game changer. Why would I, as a high volume...