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I think this is the modern day equivalent of the barber shop, plus we can do our day job on the side!

That will be the case with any financial institution that does trading.

Exactly. Your employer can have any number of internal requirements, they are of no concern or interest to your broker (except to the extent that they'll send duplicate statements if you ask). Your broker couldn't care less about your employer's internal controls, and they certainly aren't...

I think Llxa was obliquely referring to the fact that someone in govt in China had to have been in on something of that magnitude. Agree with dealmaker, there's more to this story that we may or may not find out in the coming months.

This sounds intuitive but can you provide an example of a specific job I might have that would cause a broker not to take me on as a customer? If I'm an employee of IBM can I not be an ETrade customer because I might trade IBM stock? If I'm an employee of Interactive Brokers can I not be an...

For sure anything that uses statistical analysis on large data sets is going to throw out outliers that technically shouldn't be thrown out. Since there are probably a vanishingly low number of very wealthy people who need insurance and can't arrange for a human to underwrite it specifically for...

While credit score may not make intuitive sense to you, the insurance industry has uncovered an extremely high correlation which makes it a valuable indicator for them to use. If you think they're all crazy, start an insurance company that sells to those with low credit scores at the same price...

Just to expand on that, electromagnetic waves(which include light and radio waves) travel significantly slower on fiber than in air. Hence the high frequency trading people have been setting up microwave radio links to bypass the fiber links everyone else is using and get a few microseconds...

Since any triangle arb would only last microseconds, how could it possibly provide you a leading indicator? I think you're throwing around a bunch of words without fully understanding the meaning behind them. It's very possible that there are statistical arbs between currencies. Those have...

Minor tip, a bunch of smart people make their living in trading. A subset of them look for every microsecond and fraction of a cent they can arbitrage and arbitrage the crap out of it until it goes away. So if it's obvious enough for someone who just learned about this whole trading thing last...

That's cool, hadn't heard of their work. Looks like they're still hitting lower round trip efficiency than their biggest competitor, lithium ion and I'm a big believer in the added benefits to distributed gen and storage, but cool that they're working on this none the less.

Actually it infuriates me that environmentalism is couched as a left vs right kind of thing. I work in renewable energy, and no-one should be more for distributed generation owned by homeowners than a libertarian Republican. I mean what could be more un-American and anti-free market than an...

Unfortunately they failed to mention one of the huge reasons why compressed air storage never caught on. When you compress air it get's hot. A bunch of the energy you use to compress it goes into that heat. Which get's dissipated into the surrounding rock overnight as it sits. Then when you...

You may want to look into the recreational pilot's license if it wasn't around when you were doing your training. It's restrictive in what you can do but they're all pretty good restrictions in that they ensure you're only flying in the safest conditions, and you might have enough hours that you...

I gotta agree with Overnight on this one. Gasoline's Volumetric Coefficient of Expansion is 0.00053 per degree F, so gasoline isn't going to expand much beyond what the tank can handle given that it typically shuts off at about 1/2 a gallon from full anyway and you seldom park at the gas...

Well here's a pretty comprehensive two year study that shows exactly that: http://www.ucsusa.org/clean-vehicles/electric-vehicles/life-cycle-ev-emissions#.WKMfrfkrKiM "Over their lifetime, battery electric vehicles produce far less global warming pollution than their gasoline counterparts—and...

Wow, faster than light information transfer is here, Einstein was wrong! Or the supernova happened 160 million years ago and we saw the light from it happening just 3 hours after it started arriving here on Earth, but who am I to contradict the article's esteemed author!

Seriously, no love lost with them either but it makes no sense to demand a fine be disbursed to customers who suffered no harm from the action leading to the fine. Not to mention the fact that fines are never disbursed to customers, it would be called damages if it was.

Agree completely but there's got to be a statute of limitations or a "you just gotta move on" limit to these things, the Mexican oil expropriation took place in 1938. If you open it up that anyone who was ever expropriated or exploited should be compensated you've got to compensate every Native...

I should have specified that was for a regular margin account. I presume you'd be OK with PM, but their calculations with that were so opaque I stopped using it after a day, so I can't be sure.