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  1. Robert Morse

    I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

    Well, this is much more complicated then the OP. It sounds like you need a PMA for your SPX options and futures account for your ES future. It also sounds like you need internal cross margining and very high limits that they can provide if your PMA is over $5mm and JPM sees a substantial...
  2. Robert Morse

    I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

    Most FCMs offer TT. If you are a retail trader, and this will not be a $50mm account, I'm not sure what the advantage is of using a large bank with a small retail account.
  3. Robert Morse

    Market Date designation and Professional status

    STT and MTM have nothing to do with non-pro vs pro data. It is not a question the feeds ask. And commissions are not related to either.
  4. Robert Morse

    If I incorporate and/or get a Series 3, will my data fees go up?

    With futures, an LLC or Inc might incur higher market data fees but the CME has an exemption for certain small companies. A series 3 will push you over to pro market data fees. Same for any membership owned or leased. Commissions are unrelated.
  5. Robert Morse

    Seeking US Brokers Accepting International Business Accounts…

    On a case by case basis, we can accept accounts that are not on the OFAC or FATF lists.
  6. Robert Morse

    Can someone recommend me a good (hopefully free) stock scanner?

    On Lightspeed Trader we offer Light Scan and Riser and faller. Light Scan is for new highs and new lows and Riser and Faller show the stocks up and down the most. It is included with Lightspeed Trader.
  7. Robert Morse

    Futures Traders! - Lower Your Commission

    Hi George, welcome to Elite Trader. What FCM do your clear through?
  8. Robert Morse

    Seeking US Brokers Accepting International Business Accounts…

    We can handle the equities and options but if you are in the EU, not the futures. Email, not PM the details and we can chat Monday.
  9. Robert Morse

    Larger version of VIX options

    That is correct at expiration. https://www.cboe.com/tradable_products/vix/vix_options/ Before that, you will see that the back months correlate to the back month VX and calendar spreads in the options are treated differently than equity options as they are not on the same underlying.
  10. Robert Morse

    Complaint about an IB level 2 support tech.

    May I ask what the issue was with their Level 2 display that cause you to contact their support?
  11. Robert Morse

    Larger version of VIX options

    The CBOE Futures Exchange (CFE) offer the VX futures while the CBOE options exchange offers the VIX options on the VX future. Both are cash settled and there is no cross margining for customer accounts as the NFA/CFTC regulates futures and the SEC/FINRA regulates the option markets for CBOE...
  12. Robert Morse

    windows 10 vs. windows 11

    I upgraded all my PCs. I do not see much of a benefit, but I do not really use the new features.
  13. Robert Morse

    windows 10 vs. windows 11

    https://www.pcmag.com/news/installing-windows-11-pro-to-require-internet-connection-microsoft-account Microsoft has decided that anyone installing Windows 11 Pro will need to create a Microsoft Account and have an active internet connection during setup. There will be no way to bypass them...
  14. Robert Morse

    Trading Servers technology

    I'm not sure what your concern is ask long as the response to orders is very fast.
  15. Robert Morse

    Trading Servers technology

    Hi moskvich - Lightspeed works very closely with Sterling Trader Tech (STT). We are constantly doing what is necessary to keep Lightspeed Trader and Sterling Trader Pro as fast and up-to-date as possible.
  16. Robert Morse

    Percent Calc Problem

    I can put you InTouch with the head of risk at STT. He is also the head of risk at Lightspeed. Just email me your contact info and a brief description I can forward to him.
  17. Robert Morse

    Percent Calc Problem

    https://www.sterlingtradingtech.com/products/risk-and-margin-system/ I'm not sure what you mean by write the software. Maybe it would be best to partner with a company that built that already. We use this for firm risk and offer to PM Accounts.
  18. Robert Morse

    MTM for a futures options account and standard accounting for an equities options account

    zachbauer - Futures and options on futures are ALL 1256 contracts and MTM.
  19. Robert Morse

    Too good to be true - calendar spread?!

    When the July contract goes into the delivery phase, are you going to deliver 1,000 barrels of the correct quality to the buyer? DELIVERY PROCEDURE - Delivery shall be made free-on-board ("F.O.B.") at any pipeline or storage facility in Cushing, Oklahoma with pipeline access to Enterprise...
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