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    Analysts start coverage before quiet period expiration?

    TUMI quiet period expiration: May 29 Credit Suisse, William Blair, Jefferies and JP Morgan started coverage May 14. SPLK quiet period expiration: May 29 JP Morgan, Morgan Stanley, BofA/Merrill, UBS, CLSA, Credit Suisse, Cowen and Pacific Crest started coverage May 14. Why? Thank you.
  2. M

    Why Does IB Still Not Offer ECN Pegged Orders?

    Thank you for your reply. I trust that you are right. I have asked the IB representative to check up on it again.
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    Why Does IB Still Not Offer ECN Pegged Orders?

    Here is the question I asked IB and the answer I received: Question: Does a "Relative/Pegged-to-Primary" SMART-routed “0” offset order roll back with the market, or do I need to direct the order to ISLAND for the order to roll back with the market. The description Under “Order...
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    Best Country for Trading (Tax efficiency)

    "Dear Inland Revenue, I understand that non-domiciled foreign holders of a permanent residency permit in Malta are taxable on a remittance basis only. Question: Is trading income from trading US equities through a US broker considered foreign-sourced income? Qualifications: The...
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    Why Does IB Still Not Offer ECN Pegged Orders?

    I am so sorry to stir this thing up again, but are you sure? Because strictly speaking the description in the TWS user guide would indicate that you can use SMART routing as long as the offset is “0.” As you have quoted yourself it says: ** Orders with a positive offset that are...
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    Best Country for Trading (Tax efficiency)

    "Does this boil down to the where the "management and control" of the offshore company reside? So if you appoint some nominee directors in the offshore location then maybe it wouldn't matter where the head trader was located?" You can appoint a nominee director, but if you can't convince the...
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    Best Country for Trading (Tax efficiency)

    For the common good I will contact the Maltese tax authorities and ask them whether trading online through a foreign broker on a foreign exchange is considered foreign sourced income, which in this case would mean 0% tax. My guess is: no (since otherwise there's nothing in it for them except...
  8. M

    Best Country for Trading (Tax efficiency)

    1) Scrap all the answers pointing to low/no capital gains tax countries. If you trade for a living, your trading is considered self-employment and is taxed accordingly as personal income. 2) Scrap all the answers pointing to countries offering tax-exemption for foreign-sourced income. Trading...
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