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  1. Robert Morse

    390-order threshold and removal of professional status

    Based on Question 20, it looks like you must go an entire quarter before the change. That would mean July if you breached the 390 in January or February or March. IMO, do not breach the 390 unless you prefer the Pro-customer status as you either want to make 2 sided markets, which is very hard...
  2. Robert Morse

    Python friendly api for US Futures

    RainierGrant7777 - Eze EMS (formerly RealTick) is a software we offer. The new Eze EMS xAPI platform is powered by Google's high performance gRPC framework. Clients can now seamlessly connect their proprietary applications, custom models and workflows, built in any gRPC supported language -...
  3. Robert Morse

    Liquidation with no Margin

    That audio was.......interesting. I'm interested to know if your debit spread was a long and short in the same expiration.
  4. Robert Morse

    Do you pay attention to slippage?

    I would not define slippage as the difference between the midpoint and the bid/ask and then you enter market orders and expect better. I would define slippage as entering a market order and the impact of your order moves the price or when you miss the opportunity to buy/sell at the current best...
  5. Robert Morse

    Market Maker can liquidate their position by limit orders?

    Why would they have to liquidate vs hedge? If a market maker of any asset class wanted to reduce risk, they would just lower or raise their prices until someone trades with them. What you have to understand is that they do not generally try to “close” if their risk is within their internal...
  6. Robert Morse

    Trading Interfaces for IB that are better than the quirky non-standard IB interfaces?

    We offer Livevol X for Options Trading. That can only be used today through IB with Lightspeed as your broker. https://www.lightspeed.com/trading-platforms/livevol-x/
  7. Robert Morse

    Is this sell off only the beginning ?

    I was an Option Market Maker in 2000 trading on the AMEX floor. There were hundreds of technology companies trading with valuations well above $1billion with no product, no sales and lots of hype, blowing through cash as fast as they were given it. I do not see the correlation to today. I'm not...
  8. Robert Morse

    Looking for an options broker that is not insane

    I guess we are out. We are required to protect our client accounts, so cashiering on our web portal and password updates require a text to a cell phone to confirm. Most wires require a verbal confirm. In the future I expect all financial intuitions that use ACH will use some variation of PLAID...
  9. Robert Morse

    GBA Presents: THE GREEN MARKET

    My email is below if you want availability if you were a client today. Please email not PM me.
  10. Robert Morse

    Doing taxes on a "joint account"

    I'm restricted by compliance to the type of questions I can answer in a public forum as we are regulated by FINRA. If I breach their rules, I lose my permission to participate here. In addition, to give real meaningful advice, I need more details to provide choices. We do not have that yet. Any...
  11. Robert Morse

    Tips for Professional Traders Getting Ready to File 2021 Tax Returns

    https://www.lightspeed.com/webinar/tips-for-professional-traders-getting-ready-to-file-2021-tax-returns/ REGISTER NOW! Wednesday, January 12th, 4:30PM ET LIGHTSPEED CUSTOMERS CAN GAIN PROFESSIONAL INSIGHTS TO MAKE 2021 TAX RETURN FILING EASIER. This webinar offers active traders a...
  12. Robert Morse

    Doing taxes on a "joint account"

    There is only so much I can help in a public forum.
  13. Robert Morse

    Doing taxes on a "joint account"

    I’d be happy to discuss this and make suggestions offline if you want to give me a call later. In a joint account only the primary gets a 1099. Using a joint account for a partnership is messy.
  14. Robert Morse

    is it better to pay commissions?

    the default is 10,000shares.
  15. Robert Morse

    is it better to pay commissions?

    We offer Margin, hot keys, hot buttons and configurable order ticket's. https://www.lightspeed.com/education/product-tutorials/
  16. Robert Morse

    is it better to pay commissions?

    If your average order size is about 6800 shares, the per trade rate would save you money. In fact if you add liquidity, you would be trading for credits on ARCA or NSDQ. Our base rate before volume discounts is $4.50/Trade. If you add on ARCA/NSDQ, that is a credit of $13.60 (6800*.002) for a...
  17. Robert Morse

    is it better to pay commissions?

    Feel free to reach out to me to try Lightspeed. I will assist with your paperwork if you email me directly and you can use this promotion. 10K2021 (There will be a 10K2022 version soon) https://www.lightspeed.com/10k-2021/. I expect you will be happy with our offering.
  18. Robert Morse

    Priority of complex orders vs. regular orders

    Good morning LM3886- First let me point out that there are 16 option exchanges and not all have a COB. When you send you single leg order or spread, you either choose an exchange or use your broker’s smart route. With either choice, let assume your order ends up on one of those 16. Once there...
  19. Robert Morse

    Valuable Lessons learned from trading

    Nice first post. Welcome.
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