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Everyone acknowledges that a GAIN owned MM operates on Nadex. I've personally acknowledged it over and over. If I ever claim that isn't true, which eastern warrier did in the case of IB a few posts above, then feel free to correct me. Nadex never claims to operate free of any conflict of...

I'm the last person in the world to tout a conspiracy theory! I've explained over and over how it's functionally equivalent to be paid by another company for order flow and to direct that order flow to an owned subsidiary who profits from it. It's also functionally equivalent to "internalize"...

That's a pretty massive misunderstanding of both the national debt and Federal Reserve System concepts! You can certainly have a Federal Reserve with no debt and a debt with no Federal Reserve. If, for example, we had kept the Clinton surpluses going we would have eventually had no debt. The...

I keep waiting for someone to point out the internal inconsistency of the thread title. If there is no such thing as time, how can it be an "old" concept!

Well you're right about one thing, the concept of a "debt ceiling" is foolish and should be abolished. If you understand how Congress appropriates money, you understand how ludicrous it is to then apply a debt ceiling. Although I shudder to compare macro to home economics, this is exactly like...

Bullshit they said no to internalization! And directing order flow to your wholely owned subsidiary is effectively the same as getting paid for order flow!

Thanks for the heads up. It's about time!

That's a feature I think more people have been asking for than any other, at least here. Highly recommend you put it at the top of your list! Interactive Brokers is ripe for picking off, but you've got to at least offer the basics when it comes to trading options.

You've got that with ICE, SPX...And you pay monopoly level trading and data fees, along with an unknown impact on innovation. Bazaars are great, life would suck if you were only allowed to shop at Kmart! Interestingly I participated in another thread where everyone was ranting about ICE and...

I've actually seen this used to great effect in the brokerage market for more illiquid commodities where brokers still take clients out for steak dinners and make 5% commissions on deals they put together. In a good old boys network a sharp attractive women can almost rob a bunch of testosterone...

Income and profit are two very different things. It takes a lot of income to earn a dollar in profit in the retail brokerage space, where as a small team of software devs and a couple traders can run an almost infinitely scalable MM operation. One of my pet peeves how often people get distracted...

You realize how incongruous it is for a trader to be begging for a monopoly? Capitalism is the most inefficient form of economy....except all the others that have been tried! Ironically you can find as many or more threads complaining about the monopoly ICE has and uses to charge high data fees...

Actually this is one of the only useful posts on this thread, so thank you for that. My question is this: 1. You assume that there is some sort of unfair activity going on whereby a group has essentially cornered the available short supply and is doling it out at a higher borrow rate than risk...

Well then that's just idiotic. If you're going to create jobs simply for the sake of creating jobs then build renewable energy, we'll be far better of over the long run, in terms of energy independence, decrease in price volatility, and lack of pollution, both planned and unplanned (when's the...

Again we don't anticipate needing substantially more ethane, for example, tomorrow or even in 30 years. We have plenty of capacity to create what we need now and in the future. I know a bit about ethane as well, and the Saudi price advantage comes pretty much exclusively from their feed stock...

Never said they were. I was directly responding to a post about back in the day when you allegedly could "go to the (full serve) station and hand them a dollar and tell them to give me a pack of Camels and put the rest in the tank like I did everyday after school when America was great" and that...

Like most memories of "the good old days" this one is false. Unless your "good old days were in the late 1990's, gas costs about the same in inflation adjusted terms now as it has since the 1920s, a little less than historical average where I live. Back when you could "buy a candy bar for a...

Please tell me you're being sarcastic (or ironic as the hipsters say these days)!

We do have a problem, oversupply!!!! This 45,000 jobs isn't going into research and development, it's supposedly going into increasing refining capacity in the U.S. Gulf Coast which is something that is absolutely not needed. Again, if you can explain why it's a good idea to feed more supply...

What the fuck is wrong with you people! I think we should ban Christian mayors, after all millions have been murdered over the past 2,000 years under the name of Christ. And wipe our ass with the constitution while we're at it! I bet you all believe that Dearborn is under Sharia law too, don't...