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Hi morganpbrown- The is the best advice I can give to the beginner option trader. Equity Options are a derivative of the equity. Learn to trade the equity first. Find a process to determine where a stock will trade over a time period, or where it won't. Then learn more than the basics of...

What is your concern?

A 4 letter code. Then at the end of each day, the executing broker creates an OATS report with great details of every order sent that can be reviewed by regulators.

Market Participant IDentifier (MPID) assigned by a national securities exchange.

That sounds correct. May I ask what value you get out of it, as these trades can come from many sources and might be delayed. They can even be paired with options blocks.

1#. FINRA on your terminal might be reporting ATS - Alternative Trading Systems, which include Dark pools. #2. That might be correct, we report them as ADFN on Lightspeed Trader. #3. No. #4. I'm not sure how to respond. Are you looking to see time and sales or send orders to Dark venues? We do...

I can't confirm it, as it has been a while since it happened to me, but many years ago I was told by IB support at that if my order is not marketable at the time of entry, the spread is held on their server until marketable. The same thing happened to me after 2 hours. I was charged for taking...

Was it a spread?

FSU-Changing to max rebate can mean missing trades if the only offers are on exchanges that charge. Our SMART route can avoid most option exchange fees using Sterling Trader Pro, RealTick or Silexx. As we do not track option exchange fees on Lightspeed Trader, we charge a flat extra fee on cash...

The definition describes the option sale at the time it is sold. It does not look one second into the future. At that time, it is naked and uncovered.

The description is correct.

Larger Wires do require a confirm to protect your account. We have staff members that speak Spanish and Chinese. That is why I asked what is your native language?

What language do you speak?

With regard to just the equity orders, what is your average size order? We also offer a per trade rate which can save a lot of money if you enter orders materially above 1000 shares. https://www.lightspeed.com/pricing/commission/

I've been reluctant to comment or correct anyone. I just want to make a general statement about the larger banks and what they do, avoiding any one name, from my knowledge and experience. PM Accounts under $5mm require calculating day trading usage. Larger banks do not want to have systems in...

Yes because the CME does not offer that. We do not either as a 10 point move would knock you out. I hope I did that math right. (4380*50=219,000. 500/219,000 = 0.002283. .002283*4380= ~10.00)

What asset class and what do you need access to? What makes you a professional client under MIFID? We can offer access to US listed Equities/Options and in some cases futures to EU clients.

#1. You need a clearing broker that is NFA member and Exchange member to clear and custody your trades and cash with segregated accounts. No one will do business with you directly. #2. They do not provide leverage. As ph1l said, they require a small amount of money to cover risk as you are not...

MTS?

My message was not to solicit business, although most are, but to give him the opportunity to call me to explain in detail so I did not have to write a long public message. Finra does not have different rules if your trading software loads symbols at the incorrect rate (I.E. 25% on a stock under...