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I would be pretty shocked in anyone at the CME would give you tax advice. There may be a difference between their definition of the word "dealer" and the IRS definition of the word "dealer".

Have you filed a report here https://denebleo.sec.gov/TCRExternal/disclaimer.xhtml It's generally more helpful if you report something you suspect to the SEC rather than just carrying on about it on a bulletin board. Crazy thought, I know.

"Anyone can create a better mousetrap for a trivial sum relative to mkt cap of btc" Linux was created for the trivial sum of free relative to the $600+ B market cap of MSFT. At many points in time it was/is easily as good as or better than Windows, and the main reason MSFT is still the dominant...

It was and is trivial to make a better product than Windows, MSFT Office, Facebook, even our own Elite Trader bulletin board.... There's a thing called network effects or increasing returns to adoption at work when you talk about a product like bitcoin that far outweighs the cost to make a copy...

I'm confused. Just a few minutes ago you said they charged a $.59 fee to dissuade risky traders. Now you're saying something entirely different, that they are building excess reserves with it. Do we have any evidence that Interactive Brokers is doing anything other than meeting their reserve...

If you think the product is unduly risky in the event of a nuclear bomb in Saudi Arabia over the weekend, you simply don't offer it. Or you increase margin on it. Charging a $.59 fee to accomplish that goal is idiotic. If you really think these products are risky and that IB realizes and is...

You may be interested to know a couple things on this. 1. The block chain which is the basis of cryptocurrencies contains every transaction that coin has ever undergone, it's a fundamental aspect of the coin. It's rather trivial to figure out who a coin belongs or belonged to. This article...

If you can trade bitcoin with IG you're most probably not an American and in most places where IG targets this product like the U.K. it is indeed tax free, as are their spread bets on stocks.

Except it doesn't do anything for their risk. Increasing margin does that. Even thousands and thousands of $.59 fees won't help them when a nuke in Saudi Arabia doubles the price of crude over the weekend, that's the kind of senseless "logic" you get out of IB all the time. I don't care if IB...

That doesn't actually answer my question as to how a $.59 per contract fee helps IB in a situation where a nuke goes off in Saudi Arabia. It is a good example of how IB answers a legitimate question with a non-answer though, so good job on that.

In which case IB collecting $0.59 per contract accomplishes exactly what?

Cash settlement

Do you know how they decide what the size cutoff is on pit vs electronic? It seems to randomly change, usually it's 10 contracts on a spread but I've seen as low as 1 going to the pit and as high as 20. Since I've never been filled in the pit I always ended up cancelling and cutting my order by...

Keep in mind SPX is different than QQQ the OP is referencing. As a CBOE product it only trades on CBOE so it will trade the same regardless of broker except for the cutoff between sending to the floor vs electronic book FSU alluded to. QQQ options are listed on a bunch of exchanges so there is a...

And although academic when discussing EUR/USD the interest differential between the two currencies is also either credited or debited to the ETF.

The judge was just correctly interpreting sovereign immunity which exists unless waived by law. You want to complain, complain to lawmakers for not passing a law that allows prosecutors to be sued. Don't rail against a judge for doing what he's legally required to do, that just make you appear...

The problem with the playground language crowd that I've observed as a former conservative, fundamentalist christian is that they have a fundamentalist christian outlook on life, even if they aren't actually religious. One aspect of that belief system is that if everyone else believes...

Please do read the thread before demanding anything. If you can't be bothered to do that, you clearly lack the will or skill to read what you demand. A Breitbart article was posted claiming that 400 scientific papers showed global warming was a myth. I very clearly showed that even bothering to...

Actually the second thing I think, not surprising if you come up with your own conclusions and as I previously pointed out are internally consistent. We may also agree on things like marijuana legalization.

Since military spending is 57% of the discretionary budget and we spend more than the next 7 countries combined (3 of which are allies), that may be a good place to start, no?