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And 2013 repealed all the disclosure requirements of the STOCK act, so you can’t check how big their ill gotten gains are. Mind you they delayed the disclosure requirements for almost a year, successively, so they never had to disclose publicly before they passed the amendment that axed that...

IRS whistleblower says senior IRS officials and Congress were legally allowed to trade on inside info (per their own ruling!), and lower level employees like himself were tasked with finding and passing on any merger tips they encountered during their work...

For OTC markets, no. For US major exchanges, you should be able to find multiple brokers or data vendors offering those.

Anyone know the real scoop here? speculation welcome. It reads like some mini-Bill Gross got suspended for insufficient paperwork and the firm let nearly $10B walk out the door when they decided to shut down and liquidate the bond funds he managed after a rush of redemption requests. The...

Unleveraged that’s 12% +- 4%, before your fees. Some might take that, which at 1 & 20 is only 9% instead of 12. There’s a lot bigger audience for a 2x version, say with 2% financing you get 22% +- 8% before fees. Depending on what you charge, that’s still 15%+ and Sharpe 2. Plenty of takers...

I don’t think this applies here, and that guy is super pessimistic. OP is trading SPY for crying out loud, it’s not like he’s going to have scale or liquidity problems. The big question is how representative is the past nine months of OPs trading. If he can trade SPY with 12% annual returns...

Congrats on the good risk numbers. IB gives about 10x leverage for SPY and possibly QQQ if you upgrade to a portfolio margin account. I think you might need $125k to request that upgrade.

Selling the put is a long or short term capital gain based on its holding period. Only for short option positions are the gains short term regardless of holding period. See Pub 550. https://www.irs.gov/publications/p550#en_US_2017_publink100010628 If you sell the put or the call before you...

It will be worked out when the tendered position is either accepted (for cash or stock), or when it’s returned. For NXPI, you should get your shares back at some point since the deal is off. In the meanwhile, don’t believe the cost numbers in TWS, but the actual tax cost when it’s reported...

You may not know and just so you don't get your hopes up, your ability to get any L2 data via the IB API is very limited. I think you can watch 3 stocks (maybe a few more based on account size/activity) and after that it's basically impossible.

The old days we'd have called that a bucket shop, given the only one on the other side is the CEO's trading company. But guess if you do the SEC paperwork, you're an ATS and that sounds more reputable.

Most of the big retail brokers (TDA, E*TRADE, Schwab) will in principle allow you to place orders for these stocks. Good luck getting any fills though.

He should be referring to the overspending legislature rather than the departing residents.

Doesn't sound illegal to me, but it's not our opinions that matter. The courts will sort it out and let us know in a couple years. I remember a case where the CDS market sold so much insurance on some company's debt and at such high rates that the CDS insurance writer took half the proceeds...

Cost plus business model, good risk management, and lots of automation to keep down on the people needed to run the operation.

Haven't noticed anything that mattered during market hours except an odd blip here and there. Late evenings or weekends can be screwy, but I'm not trading then.

This is why there are opportunities in low liquidity stocks if you pay close attention - precisely because the absolute $ size of those is relatively small. To scale up, you have to get a bigger edge so you can take more liquidity at worse prices, trade more stocks (but that's hard to do and...

Investment interest expense is a Sch A itemized deduction (assuming you itemize), unless you've got a trading business and then it's a business expense on Sch C.

You have a very different idea of fair than the industry standard. Nearly every broker has a "premium service team" or "premium client designation" or something like this where you get faster access to better customer service reps. Usually this is based on assets, i.e. having at least few...

For stocks, yes, it's very fast along the lines you describe. For bonds, usually within 1-2 hours although I remember one that was the next morning a day later. I think for stocks and bonds things should be "safe" after settlement 2 days later. You will hear from your broker.