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Can I ask why you chose Ally over other brokerages offering approximately the same commission schedule? Do you know whether Ally offer orders participating in the opening and closing auctions?

A lot of different trades take place at 09:30:00 for an extremely liquid stock like AAPL. When you go through time and sales, the print 219.66 with volume 26.427.600 stand out - this is the auction price and is quoted in TWS as the opening price.

"Starting August 1, 2018 an additional spread of 1% will be added to the rates below for clients classified as retail clients under MIFID." https://www.interactivebrokers.com/en/index.php?f=1595&p=cfds1

After reading Flash Boys, I briefly looked into what Brad Katsuyama and co. suggested they would do to protect investors against predator HFTs. My conclusion was that IEX could slow down orders on their exchange, but that IEX would expose investors to sub-pennying to the same extent as everyone...

95% is a massive outperformance. As I understand it, IB does not sell order flow, so price execution should be IB's primary objective - especially as IB disclose price improvement compared to the competition. That IB has decided to move to IEX also goes to show that IB endorse and welcome IEX...

In addition to price manipulation, if it was legal you could easily and cheaply transfer gains from high tax jurisdictions to zero tax jurisdictions.

The internet titans have done more for poor people than any government has ever done.

Not necessarily. Why would you ever trade negative expectancy?

Thanks for the heads up. I will try it. Any other suggestions?

No market commentary. No market research. No technical analysis. No recommendations. No fundamental data. No fact sheets. Pure news on individual stocks: earnings, earnings warnings, clinical trial results… The Fly On The Wall offers great value for money. However, sometimes they do miss news...

Eugene Fama introduced the three-factor model in 1993. Today, more than USD 1 trillion is invested in an explicitly factor-based fashion. My question: Can a factor fund /smart beta fund be identified that has outperformed the market for more than two decades? What about 15 years? 10 years?

Commissions were lower than I remembered back in the day. This is from June 20 2000: https://web.archive.org/web/20000620213530/http://www.etrade.com:80/cgi-bin/gx.cgi/AppLogic+About?gxml=hpc_disc_margin_c.html&lvl=about

Hi Robert, do you remember what average commissions were for retail individual traders in the 80s, 90s and first part of the 00s? I belive what I do now wasn’t profitable until mid 00s due to higher commissions prior to that point in time. As I recall (but I didn’t trade much), commissions in...

For the majority of countries the withholding is significantly lower than 30% due to double taxation treaties.

Yes. However, this was gambling, pure luck on my part. Nothing to do with trading.

I was able to short 100 CFDs at 299 - just for the fun of it. I simultaneously tried to short the underlying shares, but there were no shares available. Apparently you can sometimes short CFDs, despite not being able to short the underlying. I didn't know that.

My orders varied between 2.000 - 3.000 shares. The stock price was around USD 2.2.

Strange. Today it does work. My orders are reflected in the level 1 quote despite still using IB SMART routing and still being directed to OTCLNKECN. I added a data subscription Friday. Consequently, the explanation could be that the level 1 quote was stale. However, data subscriptions usually...

The status color was green. It is correct that I can select a specific exchange instead of SMART. I will try to do that and see if that makes my limit order appear in the level 1 quote. With regards to liquidity, the volume was 8,653,000 - so highly liquid.

I do not have a lot of experience trading OTC stocks. Yesterday I traded NXTTF. I used Interactive Brokers’ SMART routing which send my limit orders to: OTCLNKECN When I placed limit orders - e.g. a buy order with a higher limit than the current best bid, my order was not reflected in TWS as...