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  1. Robert Morse

    Autospreaders for stocks.

    You would have to ask Realtick. Your profile says Canada. We can't offer accounts in Canada.
  2. Robert Morse

    Brokers with Stock and Futures Trading in Single account

    I want to point out that although it is a convenience to be able to apply once and get one account number, ALL futures are traded and custody is a futures segregated account, not in your securities account. Margin in the futures account and the equity account have to be met. Firms like...
  3. Robert Morse

    FINRA Day Trading

    Teach her options on futures, no DT requirement.
  4. Robert Morse

    Execution Platform for Algo Trading Options on Interactive Brokers

    We have software that counts to help stay within limits.
  5. Robert Morse

    Execution Platform for Algo Trading Options on Interactive Brokers

    When you DT options, make sure you count your orders. If you enter more than 390 orders per day on average over any month, your will lose customer priority, switch to pro-customer and have higher fees.
  6. Robert Morse

    Option Time Value Calculation

    You are assuming that decay is linear and that may not be true.
  7. Robert Morse

    Recent Cuts In Commissions

    If you like ticket charges for equity trades, we charge $4.50.
  8. Robert Morse

    Autospreaders for stocks.

    Are you looking for a pairs trader? See the attached from RealTick. We offer RealTick for equities, options and futures. https://www.lightspeed.com/trading-platforms/realtick-pro-and-express/realtick-platform-features/
  9. Robert Morse

    closing out some of your position sounds like the worst strategy ever

    IMO, you have to have the mentality that marks matter. You are making and losing money every minute the market is open, you only realize those gains/loss when you close. It will free you to do what is right when making the decisions to adjust, add or close a positions.
  10. Robert Morse

    Anyone ever work as a pit trader?

    Where it still works this way are the block option trades. On the CME they have a large number of off floor brokers that use ClearPort to cross trades. On the equity/option exchanges, firms like GFI and many other off floor and on floor brokers cross hundreds of thousands of spreads and delta...
  11. Robert Morse

    Anyone ever work as a pit trader?

    A friend of mine from the floor wrote this. The Vig.
  12. Robert Morse

    Anyone ever work as a pit trader?

    Brokers execute trades for customers, trader traded for their own/firm account. On some floors, they could do both and take the other side of the customer order.
  13. Robert Morse

    Anyone ever work as a pit trader?

    Each trading floor was different. I was on the AMEX. After the first trade, anyone could be on parity with everyone else bidding or offering. Everyone was entitled to a match. The specialist got the biggest match unless there was a customer order. On the futures pits, you could trade with...
  14. Robert Morse

    Backup Broker to IB

    If you have an account over $500,000 and have a DVP relationship set up, you can execute at the other brokers to close your trade, then DVP the stock to the other broker.
  15. Robert Morse

    Backup Broker to IB

    We subsidize the cost of Sterling TRader Pro for our clients. The first $100 in commissions goes toward the platfrom fee.
  16. Robert Morse

    Execution of butterfly spreads

    sorry, you lost me. I don't know want to end up with.
  17. Robert Morse

    Execution of butterfly spreads

    How about CME. I did an RFQ for a May 17.5/18.25/18.75 as an example. Then requested the quote from MM and got .053/.068 65/57. Is this a good example?
  18. Robert Morse

    Execution of butterfly spreads

    Why not enter B1/S2/B1 as one trade? these are options vs just futures?
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