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It seems like everybody is mixing up things here. Block Trade (re: links that xandman shared) has nothing to do with the order book. There are trades that are done outside the exchange, usually with institutions, which meet a minimum volume. Once done, they need to be reported to the exchange...

Thanks for you reply GAT. 1) You just need one bullet to kill someone. 2) You will not be able to help me, cause obviously you don't seem to know anything about the futures market. So there is no point of debating what you have just wrote.

Hi all, I'm currently looking to switch to a new future broker that doesn't have ridiculous margin requirement on the ES. I've been with IB for the last 13 years and the reason why I'm still with them is that I didn't want to re-write the OMS portion of my application to use a new API. But now...

Thanks for the clarification. I wasn't aware that this type of 'trading business' exists. I find it weird though. The possibility to withdraw real money if your paper trading account is making money!!! Where the hell do they take the money that you withdraw???

What's a 'Live-Sim' account? Is it live (real-money), or simulation (paper trading)?

Yep. 'Retail Traders' and 'position limits' usually don't go in the same sentence...;)

For futures, you need to check at each exchange. For CME: https://www.cmegroup.com/rulebook/files/position-limits-cme.xlsx

You lost a bit of credibility here by saying that AMZN was once a penny stock.

I don't want to turn the knife in the wound, but based on your previous posts, that was highly predictable. I wish you the best and to return in the black on a regular basis, not to mention good risk management.

Which one are you using today, and why do you want to change?

Paper trade environments are all simulated. Otherwise, they wouldn't be called demo.

It is 'top of book' but you don't jump in line. Example: Market is 0.25 - 0.50 You send a LMT order to sell @ 0.50 Trades are printed at 0.50, but your order remains unfilled. As soon as the market turns to 0.50 - 0.75, your sell limit order is filled (at 0.50).

I guess it depends of which sim env you're using. IB sim env (paper trade) is simulating the worst case, meaning that your orders are always placed at the end of the queue. My experience with the IB sim env is that it is giving worst results than real env, not the other way around.

I used to know a man who was saying all the time 'silver is going down, silver is going down'. He said that for like 4 years. You know what, one day he was right, silver went down. This is a true story.

Of course :rolleyes:, but IB total commission include exchange fees. You think brokers wouldn't pass the exchange fees increase to their customers?

Yes. See here: https://www.elitetrader.com/et/threads/cme-fees-increasing-again-in-february.363385/

Check BOX Options Exchange (https://boxoptions.com/fee-schedule/). They have a pretty good fee schedule for spreads.

If I got this right, you are asking everyone to give you their recipe to make money in trading. With all the details. For free. Just because we are good people and want to help others. Let me spend a couple of weeks to summarize my method and I'll pm you. I'll attach some donuts as well, just...

Seems like you have tried automated trading and you failed. Too bad for you. It's not because you cannot do something that it is necessary bullshit or impossible to do. It's not because you don't know any algo beating the S&P that all of them cannot do it. Trading is not competing against...