Search results

I hope you're being sarcastic, because your comments would seem really unfair and cruel otherwise -- there are/were a lot of hard-working and honest people at MF Global. It was not a bucket shop.

You might also want to try nuclearphynance.com which has an active Career section for quants, etc.

For Refco clients with segregated accounts, I don't think there was any waiting, as MF Global bought that part of Refco outright and the accounts remained intact. The situation is quite different now with MF Global as the accounts are being liquidated. For Refco clients with non-segregated...

benwm, did you really have to take a previously useful thread and set it on the path of horrific irrelevance?

Go to the respective Web sites of the exchanges -- these fees/rebates change frequently. Any info posted here may be out of date before it's even posted.

Thanks, def, that's good to know -- that is quite different from what the article stated. It doesn't surprise me as the financial press often seems pretty confused by issues surrounding market microstructure. Options12, the part of the article I was referring to is: which struck me as...

I don't have to wonder at all -- it seems clear to me that politicans want someone to blame (other than the banks that make huge campaign contributions), and a lot of failed/failing traders/brokerages/market makers also want someone to blame. The fact that certain politicians seek to excuse a...

Any self-clearing prime brokerage that's "agency only" -- I think this would include ITG and Instinet. But these may require high opening balances and/or that you be an "institution".

That is interesting, thanks. I've often wondered why the US doesn't have a centralized database where ownership of all securities is made clear and unambiguous (at least to the owner and his/her brokerage). Much less fraud possible with this -- Madoff would have been impossible -- although one...

Comparing "technical analysts" as described here to quants seems to me like comparing astrologers to astronomers. (That's not to say that many quants and their models haven't failed over the past few years -- many have, even "epically" -- but the analogy still stands.) But it seems that...

"Mr. Peterffy has a solution: Require exchanges to hold orders for one-tenth of a second, while allowing registered market makers, such as Interactive, to trade at will. " So by "trade at will", he's saying that his firm should get an exemption from his own proposed 1/10 of a second minimum...

There are indeed lower comms than $.6 per contract w/ no per-ticket charge, but for consistently high volume clients, and (I'm guessing) not from the types of brokers you're talking about in this thread -- rather, from brokers more on the instututuional side that require several hundred thousand...

I think what the OP is referring to is "adding liquidity", which is indeed what market makers do. But you don't have to be a broker/dealer to add liquidity on most modern exchanges (although there are usually significant advantages given to officially designated market makers), nor does it...

I would almost give this the "ET Post of the Year" for its subtle sarcasm :D. Yet I don't think that the poster to whom you replied will get it. Anyhow, thanks for your comments on how things are done from your (rather extraordinary) position in professional trading. This site would be a...

I can say with absolute certainty that this is not true -- even though I can see why, from the perspective from someone who never succeeded at trading (which your post seems to imply), that this might appear to be the case. But regardless of how you got there, yours would seem to be a funny...

Nasdaq Options purportedly accepts all penny orders on all options series: http://www.nasdaqtrader.com/content/ProductsServices/Trading/CertifiedPartners/Options_Market_FS.pdf Of course, this presupposes your ability to route your order directly to a real exchange, rather than having it...

Some I know of are, NewsEdge TIGER, TrackData NewsWare, and Dow Jones, e.g.: http://www.dowjones.com/salesandtrading/product-elementized-news-feed.asp Not sure how much any of these cost or what their quality level is. Thomson-Reuters has services as well, but these can get pretty expensive...

One thing that I found interesting is that NxCore put a server in the Amazon cloud a couple of years ago -- although I have no whether they're still offering this. One advantage over other colocation solutions (as I understood it) is that you don't need to pay anything for the incoming...

It can also be the worst advice anyone can give, depending on the specific case. Unless you mean "don't give up (on yourself), but you might want to give up on trading and try someting else". The markets are changing and if anything getting more competitive. That's not to say he shouldn't...

I think NxCore is easier to implement than Activ and is cheaper (at least at default pricing). But Activ has a broader range of data and markets covered (e.g., BBO + 10 for the major equities exchanges, as well as more non-North-American exchanges).