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With today's CD and T-bill rates, I do not see the advantage of the CD. Most T-bill rates of the same duration are higher and are not taxable by the state. T-bills are marginable and I expect CDs are not.

I was asked if there are other ways to earn a return on excess cash besides the Money Market Funds that might earn more and still have limited risk. Lightspeed also offers access to T-bills that are margined in an equity account at 90% and in a futures account at 95%. We charge a fee to buy and...

Lightspeed today only pays about 25 bps, but we do allow the purchase of T-Bills or a Money market fund. Many of my clients prefer the Money market fund VUSXX-Vanguard Treasury Money Market Fund - https://investor.vanguard.com/investment-products/mutual-funds/profile/vusxx. We do not provide a...

In many cases when the front month is materially higher than the next month, there is likely an event before the first expiration. If you want to estimate your breakeven price movement, you need to estimate both IVOLS after the event and look to see where you breakeven at those expected IVOLs.

#1-Which everyone has tighter spreads and looks more liquid as it should not matter unless one becomes well ITM. Then you need to calculate early exercise risk on the short side. #2- You need to have an opinion as to how long movement will be "neutral." You also need an exit plan for when you...

If you have a Margin account with equity of $50,000 and never carry long stock that exceeds your equity overnight, there are no interest charges because you are paying for the purchases with your money. In addition, when you get leverage in a margin account and only use that for day trading...

There are several reasons why an FCM would prefer to use an Introducing Broker to bring them business vs direct. And yes, they do this in MANY countries including Europe and Asia. The FCM does not want to staff to cover sales and customer support for many retail accounts. They prefer a small...

With Futures, to provide a higher level of customer support and more choices of software. I'm not sure what Introducing brokers work with IB. Lightspeed is an Introducing broker that introduces business on a fully disclosed basis to Wedbush Securities and Wedbush Futures. We only introduce...

I understand your anger, Trader478 from "space". Unfortunately, $1500 for a good CPA and one that understands your trading business is not high. And, they are one of the few tax specialist that focus on trader tax for retail traders and have more business than they can handle, so higher prices...

IMO, planning on becoming a BD would be a mistake. It would take too long to type the reasons why and go over the pros and cons. So I'll drop out the public conversation now. Good luck with your plans.

You will be a registered BD?

Understood, but I do not know enough about your plans to help guide you. The most important questions are: 1- What asset class? 2-What will be the relationship of the trader to the company? 3-Will the company be a registered Broker Dealer?

Joint Back Office. https://www.finra.org/rules-guidance/notices/00-51

expiated-I would be happy to discuss how best to structure this. Just give me a call to give me details of Asset classes and scale, and we can discuss it. My phone number and email are below.

What you are referring to was traders and customers resetting the 14 day REG-SHO requirement by doing a DITM Buy-Write where the other side would exercise the calls that day and go out flat. The call seller would get short again the next day, but the 14 days reset. Later, a few years later...

I was on the AMEX floor as an Option Market Maker. We have a number of banks and brokerage symbols traded. The big money was trading conversions, which I did not do. Customers were unable to get Locates on HTB symbols to short them and Mark Makers are exempt. We can be bought in from failure to...

2008 was structurally different. Credit markets for Real Estate, both residential and commercial was very over-extended. Rating agencies rated all pools at AAA. Then it fell apart taking down financial institutions. IMO, markets today are re-pricing assets for higher interest rates, inflation...

In general, a fee for shorting not held overnight would be called a Locate fee. A short borrow fee refers to holding that short overnight, where you sold stock you did not own and your clearing broker, to make good delivery to the buyer, needs to loan you stock. Those fees are typically charged...

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None of my API users have reported any connection issues. They have all be around for a while.