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Correction: You should not add dividend withholding tax. The dividend payments listed in the default activity report is the full amount of the dividend before the withholding tax has been subtracted.

When you submit a REL limit order to ISLAND, it is my understanding that the order rolls up and down with the market. If you submit a mid-point order, it only becomes more agressive until it executes. It does not roll back with the market. Maybe with the exception of the IEX mid-point order...

And reported to a long list of other countries: http://www.oecd.org/tax/transparency/AEOI-commitments.pdf I'm surprised to see Bahamas on that list. However, you were right. It seems to be an OECD initiative and not an EU initiative. The reason I have been informed of the collected information...

It seems that IB has made adjustments to several initial entries on withholding tax on dividends. The adjustments often happen the following year. They cancel the original entry by making a reverse entry for the same amount of withholding tax and then post a new entry for withholding tax. The...

From 2017 UK brokers including Interactive Brokers have started to automatically report information on account balances, interest, dividends, gross proceeds etc. to the tax authorities in other EU countries. When I compare the account balance and interest that Interactive Brokers UK has...

Does the midpoint order move up and down with the market, or does it only become more and more agressive until it is filled like the REL order? Follow up: It seems the mid point order only adjusts in one direction.

Interesting question. It would be insider trading but in good faith. I do not believe the law adresseses that situation specifically, so it would be up to a judge to lay out the case law. Any law professional care to pitch in?

You/the brokerage/clearing house cannot "guess how Medallion works by looking at Simons' trades." If you could, the strategies would have stopped working.

Allegedly they bought the prepaid cellphones from a guy called Saul Goodman.

Buffett founded Buffett Partnership, Ltd. in 1956. Buffett net worth as of February 2019 = USD 84.9. Simons founded Renaissance Technologies in 1982. Simons net worth as of February 2019 = USD 21.5 USD. Now ask yourself: If Buffett dies today and Simons keeps compounding for an additional 26...

Thank you for the answer. Have you tried to participate in the CBOE opening auction or only limit orders when the market opened for regular continous trading?

If in doubt after considering d08's two criteria, switch to the tiered scheme and compare your real life realized per share commission under the two different schemes and choose the cheapest scheme.

I will try to experiment and become more educated. I am a complete novice within the realm of options. I assume, though, that if the CBOE auction is a real auction, the product of the auction would be a single price at which all orders are crossed and not a bid-ask spread of 1.00 x 1.30. If my...

Apparently if you direct an OPG order to CBOE using IB, you will participate in an opening auction (and similarly for a closing auction at CBOE). You could argue that there are almost as many exchanges for stocks, but because there is only one opening and one closing auction, it can make sense...

I believe I remember this subject being discussed in a previous thread. However, I have not been able to find that thread – possibly because it was not the main subject of the thread. I believe I remember the consensus was not to participate in the opening and closing auctions when trading...

We do not have prop firms where I live and that might be the reason I simply do not understand how running a prop firm can be a good business. I assume the prop firm requires that you cannot continue to trade for yourself if you join them, correct?

I hope IB launches their debit card in Europe soon. Last year IB stated that it would happen by the end of 2018. Now they have no timeline. The cases mentioned above can make it more difficult/time-consuming to transfer funds.

Fair enough. However, it may lead to very high "fixed" commission when for instance an order for 4000 shares gets pinged by 1 share by HFTs and the market then moves away from your limit. You adjust the limit, pay another round of USD 4.5, get pinged for 1 share by HFTs and the market moves away...

Thank you for the answer.

Can you adjust the limit price of the order without incurring an additional USD 4.5? Thanks.