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No, an introducing broker doesn't usually have anything to do with your accounts. FCM's are clearing merchants who are ultimately responsible for clearing your trades to the exchange. There are many situations where a futures broker signs an agreement with an FCM (Fortis, Advantage Futures...

Based on the prospectus sent to the members, the quality of their products, the fee structure and the amount of volume going thru, I believe that it has a very high probability of being successful. I wonder how many members will be on the offer on the way up. Many full seats were bought as...

Can you refer us to something that explains what you mean or how this works? How do you know this information?

I think there are many players doing this now. I find that I rely on the DOM much, much less now than I ever did before. I think these guys are here to stay and have a pattern that one can take advantage of. It is often easy to see what they are trying to do in there and so you stay out of the...

In these past two weeks, we have witnessed frequent extremely high volume days. The DAX hovers around 100-115k contracts traded per day. It was not uncommon to see 160k days in the DAX because of the increased volatility and the fact that participants have had to reposition themselves in the...

Good post, Luke. Thanks for posting it to help others out.

I agree that the technology used by Eurex is behind the CME, for example. Eurex is releasing a completely new version of its MISS servers and matching engine next month to take care of all of the issues they are having. They are also upgrading their lines to 256kbps. This will take care of the...

It is a very bullish sign that the Board didn't offer the options to buy more shares to its members. It is a bit disappointing that members have to buy them on the IPO. What is your strategy for getting in on an IPO?

The idea that money kept in a customer segregated fund as required by the CFTC is a mirage. Funds kept with any trading entity are never safe from complete loss. I have been there before and I can tell you that this is a fact.

You mean this one? http://www.changewave.com/WaveWire.html?Source=/Archive/2005/8/17-57736.html#2

It would be a shock to me if anyone can get their money out today.

Why can't you look it up? http://www.investors.com/quotes/default.asp?ac=&t=rfx Securities fraud and it has been going on since Monday.

Like I mentioned in another thread when the news first broke on the first day..... this stock will sink lower. If it has any chance of recovering, it will only do so after a long period of time. What Refco chose to do is simply the worst thing they could have done in this business.... they...

I know a few who make $12+MM per year. The thing with these scalpers is: 1. Most of them don't want to be public figures because they are most effective when they are operating silently. They don't need the ego stroke either. 2. Scalpers are not glamorous. How much can you write or publish...

How are you keeping track of what the buy programs are doing?

JBT, 1. If you are trading in a prop situation, you shouldn't be putting any money up at all. Prop means you will be trading someone's proprietary accounts using their strategies (if they have any... most don't). 2. At a prop firm, you should be trading at cost. The way to figure that out...

Hi H2O, You are absolutely right. This is my direction now. I still take my largest bite by scalping. However, I find that my scalping experience is extremely useful when getting into longer term trades. I try to hold some of my trades for much larger swings on a different product while I...

Yes, the drivers should be the same from the Matrox website. I suggest you make sure that the seller has good ratings and has a substantial number of items sold.

My setup isn't really relevant, but my trading machine is a 3.2 GHz P4 w/ 1.5 GHz of Ram. The more important issue is to find out how much your computer is currently being taxed. So run everything that you normal run during the trading day and look at how much your CPU and RAM are being taxed...