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Not sure why you think he has to impress anyone. I expect this is his desk and this is REALLY his home. I've was at the SAC offices twice in the 90's, but only saw a conference room.

I will pm you.

I will ask.

Yes. They want to make sure you are the person paying. What if I take your credit card to pay for the service?

You are signing a contract with them for service.

In addition to being able to sign a contract legally, each broker dealer has Written Supervisory Procedures-WSP- that must be approved by their regulator. It is likely they decided to place a requirement higher than 18 to get approval or just to protect themselves.

How do you open an account with no income and no assets?

Is that all you do? We have a relationship for third party locates, but they charge you for the locate vs Wedbush only charges for hard to borrow stocks when you hold overnight. I would need a short list, emailed to me, to get you samples.

THX...

What is VM?

What country? Why do you need it in excel vs viewing on your trading software?

I started my own BD and trading business at 24. I had a good base of understanding, minimal capital and a lot of edge. If you don't know the basics and don't have an edge, you better have enough capital to learn the hard way.

It looks like a Lime product that offers futures routing without using a futures platform for Lime clients. We don't use Lime Brokerage for routing. We use our own platform and routes through our relationships.

Because Reg-T generally uses max loss. Debit spread, what you pay for it. Credit spread, what you can lose, which is the max price-what you sold it for.

I know it was to open, I gave you the correct response, IN DETAIL. First you have to pair off your options into spreads, then calculate the margin on the spreads and then add in the left over naked longs and shorts, if any. Maybe this will help you. http://www.cboe.com/tradtool/mcalc/ Bob

+1 Nov 150/155 calls spread at 2.30=$230 -2 Nov 155/160 calls spreads at 0.76= $0.76-5.00 =4.24*100*2=$848 $230+$848=$1078.00

Do you use it? Seems like even 4x can bring some big P/L swings. I have a CTA I've allocated toward that day trades ES at 4 contracts per $100k. That can have .25% to 1% per day. That seems like a lot to me. I can't imagine trading 85 contracts per $100k at any one time.

I don't know what they charge, but this is great source. http://www.livevol.com/stock-options-analysis-data What are you looking for, EOD mark and bid/ask spreads or bid/ask spreads at some interval? Keep in mind that unlike equities, some options don't trade every minute or every day. Last...

That sound like 25% of SPAN. We can do that too for day-traders that get approved by our risk guys. Bob

Mav, He said he is looking to put up his deposit. "I was just wondering if I had a chance for trading for a remote prop firm with a deposit of 5-10k." JBOs are still out there, and it sounds like you agree with me. Yes, a job at a true prop firm is a different story and hard to get. That is...