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If you are a member of a futures exchange then all your futures trading profits are still capital gains reported on Form 6781 and are also subject to FICA tax. Nonmembers are not subject to FICA tax. The Medicare tax is one of the 2 components of the FICA tax.

In the USA we report futures profits/losses from Form 1099-B on Form 6781.

You have to own an IOM seat to get an all in rate for ES close to $0.55 RT. Seat owners pay CME fees of $0.19 RT and leasees pay CME fees of $0.42 RT plus clearing firm commissions plus daily Globex fee cap of $50.00. CME fee schedule is at...

Read the IBKR annual report. IB handled 55,845,428,000 shares in 2008.

He did not properly label the short trades. My magic indicators work on every time frame. Not very much magic in that indicator if it only works on 10 minute bars.

The chart shows you twice going long in a down trend and selling at the bottom. Maybe you want to fix the labels on the chart? Does your magic indicator only work on 10 minute charts? How about showing a 3 minute chart?

Instead of shares try ratios with 1 for each account. Do you have an advisor paper trading account? Do you get the same error in the advisor paper trading account?

Not bearish at all. Nothing but normal arb calculations. Read the information at http://www.indexarb.com/

I've never heard of a broker lending out futures contracts. Is this a new profit center?

Why did you take a 5 point profit on the short that had 30 points (817.50 down to 787.00) of profit in it? Are you starting a hedge fund next week in time for the April 1st rush?

The IB performance reports are in plain view. Go to the IB homepage. Just put your mouse on the "About IB" tab and click on "Performance Reports", then on the new page click on "IB's Quarterly Broker-Dealer Order Routing Reports".

You need to educate yourself on how the markets actually function and how orders are routed. Do you think that you are going to get a better fill on your orders by routing to a 3rd party or direct to the exchanges?

Set up an allocation profile with a manual allocation and specify one contract for each account. IB's automatic allocations have never worked properly for me and I gave up trying to explain to IB exactly what is wrong with their allocation software and how to fix it.

So your real estate agent can live in a big house and drive fancy cars. :D

Commissions are only part of the cost of trading. What about the cost of bad fills? Look at the SEC Rule 606 report for eOption to see where option orders are routed. It is a sad joke.

Not looking for free, just looking for the low costs of electronic trading to be fully passed along down to the customer level. Would be very nice if the CME cut their $1.14 a side fee for Globex trading. We need some real exchange vs exchange competition to make exchange fee cuts possible.

Not cheap, good business sense. Professional traders know that they have to control the costs of their business. No different than any other business person. Why pay $9 RT when you can easily pay under $4 RT? Let's say I do 1000 RT a month - $9 RT costs me $9000 and $3.50 RT costs me $3500. I...

Lightspeed doesn't have a platform charge, but does charge $65.00 a month for futures data. Lightspeed uses Penson as the clearing firm. It would be nice to see more futures firms at $0.50 a side plus exchange fees with no monthly volume requirement.

I only owe $163.83. Not much of a bailout. How about sending me what you aren't paying your credit card company? TIA :D

IB System Status says: "Some traders may not be seeing market data. This has been identified and should be resolved shortly."