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  1. M

    Looking for a low cost broker with good shorts for small caps

    Why do you need two? Commission depends on volume traded (at IB), so two will increase commission costs.
  2. M

    This is why traditional banks need interruption

    “At Citi, we give you the option to hold accounts in multiple currencies, all accessible with the same Citi Debit Card. When travelling, simply link your card to an account in the currency of your destination country. This will allow you to withdraw cash and make card payments without incurring...
  3. M

    Cost of hedging USD exposure

    You can buy EUR corresponding to USD 100k. The interest rate schedule (your cost) at IB is: https://www.interactivebrokers.com/en/index.php?f=1595&p=schedule You can buy EUR futures. The interest difference if build into the price of the future. I assume buying futures is a cheaper way to do it...
  4. M

    IB white branding brokers?

    IB white branding: https://www.interactivebrokers.com/en/index.php?f=14322 Is Zacks Trade an IB white branding broker? https://www.zackstrade.com/trading-platforms/ Are there others?
  5. M

    The Mystery Millionaire Who Haunted London’s Insider-Trading Trial

    "She said the suspicious activity reports related to only 27 trades and were triggered because financial institutions are required to flag transactions when a trader makes more than 10,000 pounds ($13,000) a day..." That's a lot of flags. Not an easy job being the one receiving all those flags.
  6. M

    Suddenly classified as Professional for market data purposes?

    Why would visiting www.nyse.com mean anything when determining professional status?
  7. M

    Suddenly classified as Professional for market data purposes?

    I agree that you should not pay the professional rate. I am just trying to pinpoint why IB (or the exchange) believed that you should. Was there something in the Linkedin profile that could leave the impression that the algorithmic trading firm did manage other people's money or had plans to...
  8. M

    Suddenly classified as Professional for market data purposes?

    Did your non-updated Linkedin profile state that you work as a professional for an investment bank or a similar?
  9. M

    Financial transaction tax by 2021, says Germany's Scholz

    The model on the table is similar to the current FTT in France on stocks, i.e. no tax on derivatives and no tax on trades outside of the EU. So not a big problem for EU traders unless the EU bureaucrats scale up later and try to capture derivatives and trades outside EU, but that is legally very...
  10. M

    Is IB the cheapest broker for larger investors trading frequently?

    What is the minimum at the larger than 250,000 shares category? Thanks.
  11. M

    Charles Schwab - changing limit price after partial fill

    Does anyone know whether Charles Schwab charge the USD 4.95 fixed commission again if your limit order is partially filled and you change the limit price? On a different note, this seems very expensive: Foreign Currency Transactions Foreign currency transactions are subject to a fee based on...
  12. M

    Microsoft Excel can provide real-time stock data

    Do you have a MS Office 365 for home or business?
  13. M

    Microsoft Excel can provide real-time stock data

    Doesn't seem to work for MS Office 365 Home version, but only for Office 365 Business Premium and similar. Anyone with the same experience?
  14. M

    Is IB the cheapest broker for larger investors trading frequently?

    I can see that Vanguard goes to USD 2 if you have more than USD 500.000 invested in their ETFs/money market funds. I wouldn’t expect Vanguard to sell order flow. Does anyone know whether Vanguard sells order flow?
  15. M

    Never tell a broker you trade for a living?

    You are still “non-professional” if you are an at home trader trading your own capital with no other job.
  16. M

    Is IB the cheapest broker for larger investors trading frequently?

    Ok, I see that you do allow market orders for US based clients, but not for international clients.
  17. M

    Is IB the cheapest broker for larger investors trading frequently?

    "All orders must be limits for 200 shares or more and not create an immediate match." https://www.tradezero.co/freetrades A MOC order is not a limit order and does create a match?
  18. M

    Is IB the cheapest broker for larger investors trading frequently?

    Thank you for your answer, which surprises me. How do you make money on opening and closing auction orders? Surely, you can't sell those orders to HFTs.
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