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How does this trade fit in an Opening Order strategy? The stock gapped higher and then went higher.

The reason that these rate are so high is precisely because they are not easily resellable!! There is no free lunch. There are reports of firms being sued because they did not disclose the liquidity issues with these securities.

May I ask- What was the stock??

Quick Question- My system showed TXN opening at 30.55. Was this in error or were you able to short the opening at that price?

Actual quote from a trader in the in a futures pit in the late 1980's He was in the process of furiously bidding up a contract in which he was already substantially long. A relatively new trader went over to sell him a ten-lot on his most recent elevated bid and the the pro turned to him and...

Do they offer group health insurance to proprietary traders?

Was she wearing those white shoes after Labor Day?

I was a trader in the SPX options pit on the CBOE during that fateful week. A lesser known story about that week took place on Thursday 10/22. A large sell order was sent to the sp 500 DESK at the MERC which wound up being duped. As a result the futures opened down about 60 points. All our...

Some of you guys are being a little harsh on the OP. Doesn't seem like he was trying to scam anybody. Sounds like he has an automated system and needs to fix it up. If your auto-order system is watching the bid/ask and waiting to enter the trade, poor liquidity, bad data, late quotes, etc...

A couple of questions: 1. Did you own the stock before you placed the order? 2. If not, were you trying to enter a short sale? It sounds like you tried to rob the bank, shot yourself in the foot and then expect the bank to pay your medical bills.

Are there any free or fee based bond quotation services available to the public. I am specifically interested in trading junk bonds and do not want to rely on manual phone quotes from brokers.

The SPX July 1150/1165 Put spread is currently trading at about 1.50. Could you explain your thinking on recognizing and taking losses on these spreads?

Geting back on topic... Which prop firms are currently offering group health insurance to their traders?

Anybody have any information as to when Open Book will go live?

Has any one been experiencing problems with Open Book in recent days? A lot of stale quotes at the top of the book that seem to linger for hours. It makes a somewhat dubious tool even more totally worthless. It seems to happen on either the bid or the offer side with equal frequency.

Does any prop firm besides ECHO offer group insurance to it's traders?

As long as you know in advance with side of the hedge is going to be profitable??? Think about it!! The reverse scenario(loss on futures-profit on stocks) make you worse off on a tax basis.

I reversed the cities.- House Edge Should Be Las Vegas- 5.26% London- 2.7% Sorry.

Every bet on the roulette table has the same casino edge.All payoffs are bases on a "fair" table of 36 numbers. The addition of 1 zero(European) or 2 zeros(American) provides the "edge". Las Vegas - 2.7% London- 5.26%

Is is it already April 1st???