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  1. W

    When I receive wire transfer from IB, what is sender account number ? All for same clients ?

    Sender name is ``Interactive Brokers`` or my name ? What is sender account number ?
  2. W

    Im very confuse about OTC markets ``unsolicited Quotes Only``

    If no firm is making a market from a stock, why can I see NITE and CEDEL on level 2 quotes ?
  3. W

    Will Tdameritrade end before December 31, 2021 ? All accounts go to schwab ?

    Will Tdameritrade end before December 31, 2021 ? All accounts go to schwab ? Any specific date ?
  4. W

    Will SEC ban otc pink stocks no information from being traded with retail broker ?

    Is my money, is my right to buy 300.000.000 shares from 0.0001 ! Brokers just need add two factor authentication, maybe a physical device, to remove their liability
  5. W

    When to route order to an exchange that does not have NBBO?

    NBBO Stock XYV Arca ECn bid 1, Ask 2 EDGX Ecn, bid 0.99, Ask 3 NITE bid 0.00001, Ask 4000 NBBO - 1 and 2 You broker cant sell the stock for less than 1 and cant buy for more than 2. Generally ECN are also subject to NBBO
  6. W

    Will SEC ban otc pink stocks no information from being traded with retail broker ?

    more than 4000 stocks will be banned. Most pink sheets are no information. market makers will lose a lot of money as it will be impossible to close their positions with order flow dump money
  7. W

    Will SEC ban otc pink stocks no information from being traded with retail broker ?

    From reddit ``Due to SEC new ruling, E*TRADE will no longer sell or buy OTC stock by September 28, 2021``
  8. W

    Any broker with cheap commissions to trade OTC?

    is a issue only if you need fast trades
  9. W

    Any broker with cheap commissions to trade OTC?

    Order flow is very bad. Bid 19. Ask 20. If i send a order to buy 100 stocks for 20 (otc markets) first ameritrade will send the order to NITE, CEDEL or ETRF. Which can take several minutes
  10. W

    Any broker with cheap commissions to trade OTC?

    not, from my experience with OTC markets executions with tdameritrade are not instantaneous and sometimes they don't report (or report with delay because market makers like NITE or CEDEL are similar to dark pools)
  11. W

    What would happen if a market maker sells more shares than exist and fails to deliver ?

    Stock XYZ - 1 million authorized stocks. But accidentally market maker naked short sell 10 millions stocks. It is impossible to cover this position 1) Will the people who bought the shares lose them ? 2) Or, phantom shares continue to be traded ?
  12. W

    What would happen if a market maker sells more shares than exist and fails to deliver ?

    If the counterparty broker fails to deliver, would I lose the shares ?
  13. W

    Any broker with cheap commissions to trade OTC?

    executions are slow because first the broker send your order for market makers like NITE or CITADEL securities. And it can take several minutes to complete the order even when it's inside the bid ask.
  14. W

    Any broker with cheap commissions to trade OTC?

    Schwab, Etrade and Ameritrade accept payment for order flow, is very bad for otc markets. Executions are very slow
  15. W

    Broker for shorting

    I can find almost any stock with tradezero.co. Is better than IB for short
  16. W

    Anybody here bought bitcoins with tradestation crypto ? How is the verification process ?

    They ask for a selfie like another crypto exchanges ?
  17. W

    What would happen if a market maker sells more shares than exist and fails to deliver ?

    Market makers can do naked short sells (and have up to 90 days to close their positions) If a market maker sold more shares than the number of authorized shares
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