State Street Global Advisors is the sponsor and manager of the Dow Diamonds (DIA).
Refer to DIA website at https://www.spdrs.com/product/fund.seam?ticker=DIA
IB does not roll your ESH9 contract to a ESM9 contract.
It settled in cash at 09:30 EDT. Refer to http://www.clearing21.com/trading/prd/equity/settlement.html for the procedure.
You can read about the Special Opening Quotations procedure at http://www.clearing21.com/trading/prd/equity/settlement.html
The index SOQs are available when the CME officially announces them, which may well be at the end of the day.
The index futures and futures options expired at 09:30 EDT. In the money index futures and futures options settled in cash based on the special opening quote of the SPX and the other indices.
This is wrong.
Social Security tax (6.20% x 2 for self employed) income limit for 2009 is $106,800.
Medicare tax (1.45% x 2 for self employed) has no income limit.
The Medicare tax adds up fast when you are making millions. :D
Please reread the news stories. AIG lent securities and then invested the proceeds in subprime mortgages rather than treasuries to get extra yield. The subprime mortgages sank in value, hence the losses.
IF AIG had run their securities lending business like everyone else they would have made...
That is not hard data, it is a subjective opinion based on dubious criteria. The people at Barron's aren't traders and aren't using the rated brokers multiple times a day.
Giving TradeStation and Interactive Brokers the same rating is a sad joke. Let's look at a real world rating system...
And what are the broker fees and volume breaks for MF Global until you get your RT broker fee under 50 cents? What is the platform fee and any other required fees?
For example, IB's broker fee hits 50 cents RT after 10,000 RTs.
IB is not the lowest cost futures broker for an active trader.
The lowest cost futures broker is not one firm fits all and depends on how many RTs you do a month and your account size. It also depends if you are doing retail business or exchange member business.
New? LOL
"Tides In The Affairs Of Men" by Edgar Lawrence Smith was published 70 years ago in 1939.
"Nae man can tether time or tide" â Robert Burns, 1791 :cool:
Please read the directions for Form 6781 and Schedule D. Once your futures losses are transferred from Form 6781 to Schedule D they are treated exactly the same as any other investment losses.
Bear market rallies tend to be sharp and short and often look better than bull maket rallies.
That is what happens when the shorts get squeezed and bargain hunters jump in on the move up. When the buying drys up it is back to the main trend going down. Just watch out for the real bottom.
For many years Binion's casino in Las Vegas had $1,000,000 in cash on display - 100 $10,000 notes. The 100 $10,000 notes were sold to a coin dealer for about $10 million in January, 2000.