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How many times have you done this?

No, exchange, OCC, etc. No, cancel fees, however the only firm I ever hear about paying the cancel fee is SLK. I would think a firm like IB has enough pure retail business to meet the ratio. Creative accounting on manually handled orders I would assume; their infrastructure is already...

I am not the right person to answer that question.

Be careful, I don't think that is going to work out for you in the long run. Your underlying assumption is that the MM in the option knows which way the underlying is headed; he may have a better sense than you but he does not control the stock. A small order in a natural market "should"...

A lot of new contracts are structured to provide arb oppurtunities, however, sometimes they catch on and sometimes they don't.

No, but you never know what you can get to work.

That is an interesting rumor, where did you hear that?

That would be internal, and they would sell you out if you did not have the margin, not an exchange bust. Are we all talking about the same thing? I got here an hour early because my wife reset the clocks wrong for daylight saving time, I think maybe I am still asleep.

Def, I have never had a busted future position, are you getting them?

What do busted trades got to do with what he asked? I thought he was referring to the system crashes; if you have an order open and the system goes down, are you saying IB now kmows the status of the order?

You should be fine, keep your bets small, 100 shares, learn what you can, and don't pick up your size until your net positive for a couple of weeks, then move up slowly.

Because they don't know your position.

Boutiques, experienced typically handling exotic strategies, not kids doing data entry; you can get the donut clerks for a fraction. But with seat prices tanking, soon we will be left with only the donut clerks.

Yes, with a Florida install address.

I agree.

Someone that has it right, I agee.

Def, I agree with you, that is the real issue, the option exchanges have always made their money on "dumb order flow", the recent rule changes: 1) no off floor market making, can literally be applied to any active trader; 2) cancel fees, structured in such a way that only a few firms...

The Dude, You got my curiosity up, just checked our trade logs and we got out @ the PSE on Friday; we currently aren't doing opening orders there, so all these trades are closing. That is bizarre.

I don't have any current experience with the test however, in the late eighties I owned a B/D and we put about a couple of hundred people through it. We had a full time trainer, and some people were ready to take it after a couple of days, and some never passed it. I didn't think it was very...

I have no idea, how is that for a change; I do remember we had 5 or 6 open positions @ 3:00 and two of our traders had a hard time going flat, but I don't remember where they were trying to get out at. I have never heard that one, but they come up with new ones all the time.