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  1. Robert Morse

    Information about Cancellation Fee

    Options or Equities?
  2. Robert Morse

    Enormous charges for data coming?

    Not for display market data. The higher fees are for non-display. If you have an API or hosted solution where MD leaves the GUI.
  3. Robert Morse

    Why Traders Fail

    When I was on the Amex floor, the owner of the specialist book in front of me, told me there was a high correlation between age and P/l. He found a well trained 25 year old made more money then the 35 to 45 year old that trained him. Having the expieanced trader train and manage risk for the...
  4. Robert Morse

    Recharacterizing a ROTH IRA if never traditional?

    Please don't do that! Your Roth is better than a standard IRA because you have already paid your taxes on it. Why would you want to do that?
  5. Robert Morse

    es vs. equally liquid instrument

    ES is a future and is a 1256 contract. https://greentradertax.com/trader-tax-center/tax-treatment/section-1256-contracts/ SPY is not. ES future provides good leverage with smaller account sizes than equity accounts. To get similar treatment with SPY, you need a portoflio margin account which...
  6. Robert Morse

    minimizing commissions

    Not really. CFTC list is of all registered FCMs. CME list is all clearing members. You can be an FCM but not a member of the CME. The FCM can use a carry broker to get access. The carrying broker is the member. The cost for smaller FCMs to be members of exchanges is too high. In fact many mid...
  7. Robert Morse

    What do you consider a good yearly return? (In percent)

    If the strategy is correlated to the market, better than the S&P 500 or a little lower but with less volatility. If non-correlated, 6% to 12%.
  8. Robert Morse

    minimizing commissions

    They look like a clearing FCM to me. http://www.cftc.gov/idc/groups/public/@financialdataforfcms/documents/file/fcmdata0217.pdf We don't do business with them, so I don't know if they also partner with a larger FCM for certain business.
  9. Robert Morse

    minimizing commissions

    These are all separate issues and are unrelated. If it makes sense to lease a seat on the CME, you should do that. If you like CME-Direct-I do too, you should use that but you need an FCM to set risk and enable trading. You can't use CME-direct then allocate to any FCM. Does not work that way...
  10. Robert Morse

    Option margin - help!!!

    I'm less familiar with Reg-T Margin than PM. With either margining, volatility does not play a role in margin directly unless the higher vol hits some risk metric. For Reg-T, the believe strike price and the stock price is where the calculation come from. With PM, you would shock the portfolio...
  11. Robert Morse

    How much are you paying to trade options?

    You should try one of ours. For heavy option users, I'd suggest Sterling Trader Pro, LVX or Silexx OEMS.
  12. Robert Morse

    How much are you paying to trade options?

    Lightspeed Trading Named Among Best for Frequent Trading by Barron’s 2017 Best Online Broker Rankings. https://www.lightspeed.com/news/lightspeed-trading-named-among-best-frequent-trading-barrons-2017-best-online-broker-rankings/
  13. Robert Morse

    How much are you paying to trade options?

    As he is my client, I'd prefer he does not say. Our commissions start at $0.60/option but we give volume discounts and are will to combine the volume of account that come in together to give better rates. We also offer DMA and SMART for the same cost on Sterling Trader Pro, Silexx and Realtick...
  14. Robert Morse

    Is this possible

    Which one?
  15. Robert Morse

    Object Trading & Celoxica -- Feedback anyone?

    You should be able to get your MD at some hosted location directly from the exchange. Not familiar with Eurex service providers.
  16. Robert Morse

    Option margin - help!!!

    A margin requirement is not a borrowing rate. You borrow money with debit balances that exceed your account equity. A margin requirement is what you need in your account to cover that position. I suggest you learn this and more B4 you make these trades, not after.
  17. Robert Morse

    What are the best hedge fund incubators ?

    Can you send me details of what you are looking to raise money for? Do you have a presentation? Do you have any verifiable track record? My email below or share here. Bob
  18. Robert Morse

    IB short sell interest rate is based on daily latest % and only count the whole number price unit?

    In general, short stock fees are charged from settlement date to settlement date and the daily formula would be (Stock $ value)*(Short Stock rate)/365. E.G. You short 1000 XYZ that closes at 20 with a neg rate of 5%. In three days you will see a charge for the first day of ~$2.74...
  19. Robert Morse

    My trading method

    Thank you Wu. We have many clients from China. In fact we have received many new accounts over the last few months. Not sure what has changed. We focus on US Listed exchanges for equities, options and futures. We have a member of our support team that speaks chinese and a portion of our...
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