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No, actually that guy's worse, except Sears is the only thing he can destroy.

Using that logic we'd all rent our house for 30 years with nothing to show for it at the end because debt is never a good thing. You'd pass on a CS degree at MIT to go to the local community college, because heaven help you if you have a student loan when you graduate! And of course you'd opt to...

Add to that their CEO is a narsasist out of touch a-hole who sequesters himself in a mansion in Florida and only shows himself on a once a week video conference to scream at some poor employee about why their attempt to be like Apple isn't working. Guy's a total loose canon.

I'd love to have more gun control. However your argument isn't logically sound. If you were arguing that gun makers were allowed to make unsafe guns than it would make sense, however that's not the case. The gun industry is in fact highly regulated, for example the requirements for safety...

You're right, this is all a power play by the evil folks over at Oanda to eliminate the competition while they end up looking like the generally honest and forthright people they are. Pure evil lurking the halls of the CFTC, pure evil.

The hurdle is actually less than the current interest rate because in most cases (assuming you're not in AMT and phase-out income levels) you can write off your interest from your taxes, so there's roughly a 30% discount. That leaves a pretty low hurdle rate.

Keeping someone as a customer is a privilege, not a right. Just because a broker can adjust margins arbitrarily doesn't mean they should and it won't impact their business.

The dumb thing is that you're allowed to in the U.S. as well. Interactive Brokers has Timber Hill, I know Nadex has an IG owned MM that at one point took the opposite side of almost every trade there, both well disclosed. It appears that FXCM just tried to hide it, which doesn't even make much...

Thanks, I am in the U.S. Doesn't surprise me we're behind the times, this is the place where you couldn't get a chip and pin card until a couple years ago.

So I called up BofA and they acted like I had two heads when I asked for this. What is a bank that does offer it and what is the additional cost?

That sucks! I assume this was IG in the UK rather than Nadex? There are actually two other independent market makers besides IG on Nadex so at least you get some independence there that presumably you don't get with IG itself.

First I'm not sure any jackass wanting to wire $100K around is going to get access to RTGS with any retail bank? Do you know of any specific names that will? Also, in my experience it's not the wire system that is the problem. It indeed transfers money virtually instantaneously. It's the bank...

I agree with both the rejected orders during high volume periods and the spreads, although the spreads are a known entity. As I think we've discussed before, I don't think the rejected orders are playing dirty as much as a management team that doesn't have control over their technical team and...

There's some literature on this that I don't have handy at the moment but worth a search in Google Scholar. From what I remember they found that so little happens to move prices over weekends that the realized lack of decay is what "should" be happening. That's counterintuitive to me, but the...

I share this frustration with both the lack of urgency on wire's in general and the obscene fees they charge for something that costs them almost nothing. I'm not a huge fan, but I can tell you several wires out of my BoA accounts have hit within an hour of initiating in the morning, so they...

You're right of course, although my in-person conversations of this type would indicate that it's most probably a 50+ year old white male. It's just fun to point out these things they've held as bedrock beliefs (the $400 hammer) aren't even true. And while using a straight-line ruler doesn't...

I completely agree that it should be easier to fire a federal employee, unlike you I've actually done that. However that is a world away and completely different from arbitrarily firing 10% of all federal employees, as you originally advocated. And arbitrarily increasing their workload and...

You said "Right away Trump should fire 10% of government employees. Then turn around and reduce by 10% "across the board" salary and benefits of the remaining. Possible another 5% might leave as a result. Then try to disburse their jobs onto remaining workers and NOT hire any replacements. " I...

I'm one of those also and I love it. I think you'll actually like the stuff in finance classes a lot more than you may think, in fact if I have any gripes it's that the finance class paints everything as too deterministic (those of us trained as engineers like that!), and there's actually more...

I don't think CME is worried about losing volume to bucket shop binary operators. The venn diagram between the dollars invested by their existing customers and dollars invested by potential bucket shop customers probably looks something like this: If anything it's the casino's who don't want...