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I have used TOS, no longer. IB is the best on the street - for execution, products, and speed. While I will agree the TOS platform is nice, it comes down to products, execution, and speed and IB is faster. I have the latency data somewhere - I remember the latency from order-router to...

Reduce Taxes: Move and set-up shop in the U.S. Virgin islands. This works, only if you can start a business and hire at least 5 locals (I think it is only 5). There are several trading operations that have done this. Taxes are 5% on capital gains and you MUST reside in U.S. Virgin Islands...

The 3 out of 100 is who this esoteric film is aimed at. Which happen to be the same who believe the 9/11 conspiracy or still think Celestine Prophecy was a earth-shattering-enlightment.

I am a prop-trader, but I am NOT a day trader. I have larger portfolios of stocks as well as options and carry positions over-night. I am looking to get better fills, volume participation, and also rebates. Right now all my trading is DMA routed (90% auto / 10% manual). I don't have access to...

Thanks very much. So far I have not found anyone that uses these algo orders, which I find odd. I would think many people would be using them. I'll pick up the book. Do you use algo orders?

They list several brokerage firms and they do work with several prop firms as well.

Do you think the equity markets continue to rally because Bernanke's QE policies? I noted that in 2009 the market rallied as soon as QE took off. Then in 2010 when QE was over we saw a mid-year sell-off and volatility. As soon as QE2 was rumored and confirmed the market was back in rally...

I am boning up on VWAP, TWAP, and a host of other algo trading systems. I have been reading up on them (wiki) http://en.wikipedia.org/wiki/VWAP and using the Obsidian demo www.silexx.com The demo only last 14 days. While the ticket is easy to use, I think their Algo ticket doesn't really...

I dropped my TOS account - nice looking but the software is SOOOO SLOW. Great for investors, but not for traders. I loved it before they became AmeraTrade, something has gone down hill. They also have announced they are stopping support on their ThinkPipes platform, which is what I was...

It seems to lack a lot of the functionality of the previous versions as well as the download is a pain. I will wait for now.

I noticed your email and I too was looking for Risk Management system. I am demoing Obsidian for free (they have a 14 day free trial). They have a risk management system for options as well as position analyzer. Their portfolio system also nets up positions and Greeks. So far I really like it -...

Question... I am playing with Obsidian and they have an Algo Ticket. However I am not sure how exactly to use this. Maybe it doesn't work in the Demo account. I would like to learn more about these "WAP" type order and other algo orders. It seems very useful, but I am not sure how best to...

How much money are you trading with? I think that will have a significant difference. If you have over $500k I would go directly to Merrill Lynch, IB, Penson, or another firm to open a CPM account. You'll get better rates that way then going through a prop firm.

They have a 14-day free trail with live data. Their data package, which includes charting is cheaper than eSignal. I have done some paper trading on it and the Delta Hedging model is very cool for trading stock against a straddle. They also have a ladder for futures, but you can use it for...

I keep seeing people refer to the CPI to determine inflation/deflation. I don't know why anyone would use the CPI as gospel. It has been changed so many times over the last few decades that it no longer measures inflation, but rather the "adjusted cost of living". There is a HUGE difference...

"If your system does any kind of time series analysis or modeling, then ideally it should take into account random/chaotic/noise influence." We do use a levy flight in our algo, but have avoided using random walk data. We also do have a volatility noise band that is a fairly decent filter...

The only issue I see as to whether you care about the Random Walk or not - is application to your trading system. Most of my trading is automated - I don't click the mouse and make decisions. Therefore the models I use is very dependent upon the data that feeds the algos. If that data...

Mike Okistini, Why does it matter you ask? Well that is simple - do you use any technical tools to generate signals, do you use volatilty or SD to make decisions, do you use any math to forecast, measure, etc? If so the soundness of any theory is based on some general prinipals of the market...

I of of the camp that does not believe the market is driven soley by random walk. I think you can produce data that looks similar to random walk, but that doesn't mean the market is a random walk. Here is an interesting debate on the subject: Stock Market is a Random Walk...

Fully understand where you are coming from - it makes sense to me because we have been talking about it in those terms and one of our bean-bag fillers has a PhD in Physics - so he uses analogies (which I guess I have become use to hearing). Let me put it this way - it's a measurement of how...