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Many exchanges in Asia already have this kind of tax. There's still trading going on there. The tax is reflected in the spread and trading goes on... business as usual. HK has 10 basis stamp tax, Singapore has 5 basis...

to reduce cost perhaps? Isn't that the whole idea behind outsourcing? Is there a legal limit to how much of it's operation a BD can outsource for its business on the US?

What is pump & dump? :confused: I didn't like the concept of fiat money when it is backed by a state... i REALLY don't like it when it is backed by some small cap company... This thing will end up going the way of the Linden Dollar... in the best case scenario...

agree. Charts are like a rear view mirror. DOM is like the windshield. Charts are use full as long as you remember to look forward…

the equity markets currently available through Orbixa's system are: In NA: US (Nyse,Nasdaq,Amex) canadian equities (TSx & Tsxv) in EU: Norex (Stockholm, Helsinki, Copenhagen, Oslo) Euronext(Amsterdam, Paris, Lisbon, Brussels) Xetra (Frankfurt) Milan in AS: Japan (Osaka & Tokyo) Hong...

the system default level at Orbixa for a guy starting from scratch is $50 per day... but local offices are able to overide this and many do use $10 a day as their starting point.

It'll be nice if instead of a tax (that goes to guv) the cancellation fees are added to rebates on orders that actually execute... :) probably just a pipedream though... :(

That is actually very easy to fix. Simply set the price of gold at a price that satisfies the equation: PriceofGold = TotalDollarFloat/TotalAmountofGold if what you're saying about the $2t of gold is accurate, then the price of gold is going to need to be significantly higher than it...

A person that has no education and wants to earn $50 an hour for doing unskilled manual labor on a car factory, deserves to be unemployed.

Focus on the stuff that carries the most weight in the test... Munis, Options, Underwritting, Customer Accounts... if you have a CD with practice tests, make sure to limit its use to only testing once you feel you know enough to pass; otherwise you run the risk of learning the...

That kind of sounds like a martingale system... scary...

Richard Dennis? Or something like that?

Bullets: In order to get around the short sell restriction you would buy the long stock + buy the put + sell the call (so you're synthetically flat... but you can "long sell" your long position to go short) This loophole was closed by a law a few years ago... and made completely useless by...

Sooner or later the market will change, your edge will vanish and you will need to make new rules. That's one of the hardest aspects of trading, adapting to ever changing market conditions. So, it is not true that you only need to follow your rules to never lose money. Even when following...

Credits were a lot of fun before NMS… nowadays too much volume is internalized… could be a fun game again if a trade-at-best-price rule or something similar comes around and gives priority to displayed liquidity…

You should exercise discipline when paper trading, seeking to make the experience as realistic as possible. a. Trade with the same size you're going to be using on live mode (1 lot) b. Only use market orders, buy from the ask, sell at the bid. When doing this you ensure that your execution...

Hey guys. Came across this PBS movie (documentary) on the CME pits... :) its called Open Outcry http://www.pbs.org/itvs/openoutcry/index.html http://www.directcinema.com/dcl/title.php?id=493&list=132,493,358&alpha=

You're the best!! I've been waiting for months for this movie!! THANKS!!

I couldn't agree with you more SA. lol... Just like about a year ago in the middle of the black week, everytime some one bought off the ask, the guys on CNBC would be going crazy saying the bull market is back! Wall Street usually gets this irrational mentality whenever there's a bubble...

omg. Brokers that turn into werewolves. Lmao... Good find :)