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  1. M

    Non-professional versus professional data fees

    Thank you Robert. I just want to make sure I understand. So for equities you mean that one would have to pay professional fees twice. Once for the corporate account and one more time for the individual account. So double.
  2. M

    Non-professional versus professional data fees

    If you manage some of your funds through a corporate entity that you own 100% yourself that does not offer any services to others and you do not take out any salary, you of course pay professional data fees for the corporate entity, but do you also have to pay professional data fees for your...
  3. M

    Is this practice not illegal?

    Pushing a stock aggressively up during the relatively illiquid last minutes/seconds of the premarket in order to sell as part of the opening auction for instance for a stock that has reported earnings and where the auction volume can absorb the liquidity with a much smaller impact? I don't know...
  4. M

    Due to AI, banks are cutting analysts by 2/3

    If GS, JP Morgan, KPMG, PWC, Accenture can replace lower level employees to some degree with AI, they of course will do it. Consequences short term: more people fighting for jobs; more value for those who own the companies that benefit; more inequality. Consequences longer term: maybe new...
  5. M

    I made an indicator, when it does go up, the price go up 100% of the time

    When the profitablity decreases to a point where it no longer justifies the risk.
  6. M

    I made an indicator, when it does go up, the price go up 100% of the time

    Multiple strategies. The few that have survived over the entire period is much less profitable now. Jim Simons has indicated that RT also continously re-invent.
  7. M

    I made an indicator, when it does go up, the price go up 100% of the time

    The razor thin edge is after slippage. Jim has said they have many strategies. Some eventually does not work any more. They find new strategies. They must pursue many strategies involving a large part of the market in order to trade with an average holding period of 2 days and assets of USD 10...
  8. M

    Italien transaction tax on Nasdaq listed stock

    Can you block it on IB? I can block Italian and French stocks trading locally for sure. But I cannot block Italian stocks trading on US exchanges or can I?
  9. M

    I made an indicator, when it does go up, the price go up 100% of the time

    "Renaissance Technologies is a quantitative trading hedge fund firm founded by Jim Simons in 1982, who according to Forbes has an estimated net worth of around $28 billion. Jim Simons received a Ph.D. in mathematics in 1961, later teaching mathematics at major universities. ... Simons...
  10. M

    The Renaissance Technologies model has been resolved.

    RT never shared anything. Can you think of a reason?
  11. M

    Italien transaction tax on Nasdaq listed stock

    I have paid Italian transaction tax on STVN listed on Nasdaq. I thought the transaction tax would only apply to Italian stocks listed in Italy. Maybe ADRs. But an Italian stock listed only on a US exchange?
  12. M

    Retail.... 90% lose?

    "61.0% of retail investor accounts lose money when trading CFDs with IBKR." https://www.interactivebrokers.co.uk/en/trading/products-cfds.php I believe the number is higher at other CFD brokers. It makes sense. If traders are equally long/short (they are not) you would expect 50% to lose...
  13. M

    European markets earnings calendar

    Other than Bloomberg has anyone found a pan-european markets earnings calendar?
  14. M

    Where exactly do earnings get reported?

    Newswires. In summary form: Bloomberg.
  15. M

    Properly enter MOO order on ARCA

    I assume the broker does not get payment for order flow, when the order is a marken-on-open or market-on-close auction order. However, I do not think IB or Schwab for instance can accept MOC and MOO orders and not let these orders participate in the auctions. At least they have to inform...
  16. M

    Real and paper account TWS open at the same time

    The thing is, you basically only need one TWS open. What you need for other accounts (paper and real additional accounts) is simply an interface to enter orders and nothing else. Yes, API is probably the solution.
  17. M

    Real and paper account TWS open at the same time

    I can have a real and a paper account TWS open at the same time on the same computer. I use the automatically updated version for the real account and one of the downloadable versions for the paper account. However, I cannot have a real account TWS open on one computer and a paper account open...
  18. M

    Morningstar Calls Cathie Wood The Worst 'Wealth Destroyer'

    Have they included AQR Capital Management in that analysis? Not that AQR has destroyed more wealth than Cathie Wood, but I would like to know whether AQR as a fund family have created or destroyed wealth compared to their benchmarks.
  19. M

    Why is Credit Interest > Ending Accrual Balance the last day of the month

    The final credit interest for the month is credited to the account typically between the 3. or 5. day of the following month. The final credit interest is always higher than the ending accrual balance the last day of the month. Is is it due to value days or?
  20. M

    Zacks versus Bloomberg consensus estimates

    But Zacks simply compiles a consensus by asking analysts. So the source of a potential difference compared to Bloomberg or other vendors must be due to which analysts they include in the survey. Not because Zacks intentionally comes up with a high estimate.
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