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Archipelago Erroneous Transactions Policy

One of the best things about working for an I-bank is that you will meet a bunch of people who may help you in the future (i.e., the contacts).

Imagine if you couldn't trade remotely as a member and had to be in Minneapolis instead. That would suck especially in the wintertime.

Eurex Sets Sights On U.S. Options Trading By 2003 Wall Street Letter 07/30/02 --Raul Gallegos Eurex, the largest and most liquid exchange-traded derivatives market in the world, is looking to create a Eurex Options Exchange in the United States. Executives and board members at several...

You may also want to contact Prime Brokers (assuming that you will be using one) such as Bear Stearns or Bank of America Securities. They may be able to help you set one up if you decide to do your business with them. Good luck.

Read attached .pdf file.

This is not true. Suppose that you were playing a biotech stock that is trading all over the place and the historical volatility is very high. Now suppose that you and the rest of the world knows that there will be a FDA meeting on a certain date. If the FDA approves the company will be...

www.turtletrader.com

If you have a Bloomberg professional terminal you can get them there.

Forward-Looking Statements This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances...

WorldCom Files For Bankruptcy Court Protection 07/21 9:40 pm (PR) Story 0072 (WCOME, WCOM) President and CEO Predicts 'Healthier, Stronger' Company Operations to Continue Normally Filing Does Not Apply to Non-U.S. Entities...

I think the quotes at OptionXpress shows only one exchange (maybe the exchange that has the most volume or a default exchange) and not the consolidated quote.

You may be better off trading NEM (or any other gold equity option) instead of the XAU since the XAU is still American style which may mess up a spread strategy.

Usually what the MM is doing is saying "if I buy them you buy them" or "if I sell them you sell them". Thus, the MM needs to position himself so that he can accomodate the customer's order (i.e., he is not taking on any inventory risk).

Actually the conglomeration of a prop firm as one huge firm is sort of fair because the NYSE treats this the same for member firms. For example, when I was trading for a top tier investment bank, the firm had to net all positions. Thus, if I had a long position, but the firm had a net short...

Short calendars are treated as naked options.

Essentially if you are going to trade a 1 lot and only a 1 lot then you do not have to worry about the rule. The ISE has the rule because they do not want you to break up a 10 lot into 10 1 lot orders. This is because if you enter an order of less than 10 contracts, the order will be quoted...

One thing to realize is that there will be tracking error since the portfolio manager will not own the entire index that he/she will be writing options against. Essentially the portfolio manager is removing the tails of the probability distribution with this strategy. He/she is hedged from...

By Christopher Faille, Reporter Wednesday, May 22, 2002 WASHINGTON (HedgeWorld.com)—The Commodity Futures Trading Commission and the Securities Exchange Commission announced their final rules concerning certain aspects of the trading of securities futures products, i.e. single-stock...

Go to Alaska. No state income tax, and they even PAY residents of the state (must be from the oil).