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Nobody ever talks about TN here, only IB.

The first question is how much money are you making? This set-up is not illegal in itself; abusing it by being a US person, trading a shell foreign corp is the problem.

Everything you own; remember 1987.

Touché

Not a chance; and even if it was so, you are only talking about $240K gross annually.

I agree.

That is what I was saying; a small subset of the problem. Try 125,000 option strikes with 1 to 5 exchanges that get added/deleted to monthly, however many equity symbols there are, maybe 50,000 with X number of ECNs or regional exchanges, through in 140 plus MM quoting and look @ the bid/ask...

God bless you if you did that, but I have been doing this for a long time, with a lot of different groups and I do not believe it unless you are talking about a minor subset; last sale on say NYSE. Quite the contray to how some of my remarks seemed; I have no problem with hacked together...

It is not a game of putting a bunch of symbols on a page and waiting for them to invert; watching paint dry would be more interesting.

There is nothing illegal about inverted markets; would love to see the piece you are talking about.

Are you intending to live offshore?

Sounds like the reason to give a free seminar.

We started in this business with a couple of independent programmers telling me it would take 2 or 3 weeks, at most a month to complete. The first working version, a DOS scanner was not in production for 6 months. We gave about 5 independent programmers the job, they did not know that other...

I am not saying they are trivial, I am saying that once you have the rest worked out you can quickly adapt to a new idea, that is the only reason to develop a system like this. Using Tradestation, which does not work, as an example; lets say they have 100K programming hours into it, and you...

20,000 hours is actually an understatement; we have 5 programmers that have been doing that for 3 years; that is conservatively 30,000 man hours, not counting the programmers that have come and gone. No fancy GUI, no real charting, no fluff; just fast, accurate and it works. I am not...

Not to be too disrespectful, but you have no idea what you are talking about. You could not link in 1 data feed in 6 months, let alone the rest of the problem. We have a graveyard out back for programmers that have worked here and told us 2 weeks and were still working on a subset of the...

That is not the article, trading inverted markets is legal, making money @ it is the hard part; almost a 3 year old game. The suit your referreing to was by a MM concerning spoofing.

Exactly, the difference between traders, investors and fund managers.

Yes there is a need, however the groups that need it already have developed it for proprietary trading. We already use it. The development time to market and the costs in programming hours is so prohibitive that it could not be marketed for a price that the average trader would find...

If it works for you, keep doing it. We do a lot of things that make money, but do not make sense. One other thing; your example is a classic buy the rumor, sell the news.