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  1. rmorse

    Similar to IB commission but without auto liq rule?

    I sent you a PM.....Bob ----------------------------------- Robert L. Morse Business Development VICTOR SECURITIES 285 Grand Avenue Building No. 3 Englewood, NJ 07631 rmorse@victorsecurities.com office: 646-545-3860 http://www.victorsecurities.com/...
  2. rmorse

    Is Fixi a reputable broker? Any opinion?

    What made you interested in them?
  3. rmorse

    Hrbn

    I points to another stock on the REG-SHO list with buy-ins that no one can get locates or short. http://www.nasdaqtrader.com/Trader.aspx?id=RegSHOThreshold
  4. rmorse

    favorite trades for quite some time

    Are you actively running this strategy over the past 30 days? If, yes, are you making money?
  5. rmorse

    Position Question\Advice needes

    I made up a simple trade for understanding purposes only. I did not enter anything into an option program for exact prices.
  6. rmorse

    Position Question\Advice needes

    It's were the value is. Let's take a simple example. 10 days to expiration, stock trading at 40, I'm trading the 43 puts/calls, and the next day there will be a .25 dividend. Let's say the call is trading .05/.07. My market on the put would be 3.25/3.35. I'm willing to buy the put .25 over...
  7. rmorse

    Broker with low commissions for 10,000 shares?

    I sent you a PM....Bob rmorse@victorsecurities.com
  8. rmorse

    Position Question\Advice needes

    The puts are currently trading at a premium because of the dividend. After the X-DIV date, you'll owe the dividend, but the puts you're short will drop in value by a similar amount. Dividend expense, trading profit. Should be very close to a wash, and even better than you can trade out of it in...
  9. rmorse

    Phlx complex book?

    Yes. For the most part, you'll get the most MM, firms and customers using the ISE and CBOE. We can offer WEX, Wolverine Execution Services. The platform gives access to all US complex order books and does something more, allows you so view and filter spreads in the books on the different...
  10. rmorse

    Position Question\Advice needes

    FSU is correct......
  11. rmorse

    Any Natural Gas ETF?

    To my knowledge there is NOT a leveraged or un-leveraged ETF for reverse Nat GAS.
  12. rmorse

    pegged option orders

    Victor Securites. We sponsor the option forum.
  13. rmorse

    a question about level III

    You're giving MM more credit than they deserve. What ever signal you're getting, others see. Many buy at the same time, than back off and the stock reverts back toward the VWAP. This is how MM make money and add depth and liquidity so you can get in and out of positions.
  14. rmorse

    a question about level III

    MM exception for locates, you don't get this as a prop trader. 4.7: Market makers, as defined in Section 3(a)(38) of the Exchange Act, include block positioners. Regulation SHO provides an exception to the locate requirement for market makers. Are all block positioners excepted from the...
  15. rmorse

    a question about level III

    DMA and Fix are very fast connections. A member of the NYSE, NASDAQ or any of the ECNs, can have a co-located server next to the direct data feed with a direct connection into the exchange. If you trading high touch, by clicking, you'll never notice the difference. However, the low lantecy they...
  16. rmorse

    a question about level III

    Market makers have faster access to the markets and different leverage offered them. I know option market makers are except from requiring locates on hard to borrow stock, I assume equity market makers have the same advantage, but I'm not sure. As customer, you can do a lot that they can do if...
  17. rmorse

    a question about level III

    All data feeds are open to anyone that is willing to pay for it and the platform supports it. What may give some an edge is NASDAQ OpenView and NYSE OpenBook. These give depth of the market outside the NBBO. http://www.nyxdata.com/openbook
  18. rmorse

    Unusual 1-minute bar on QQQ 9-2-11

    Sometimes these "bad" prints are the result of institutional options trades that are paired with the underlying security. Happens ALL day to accommodate the delta neutral options trade.
  19. rmorse

    a question about level III

    NASDAQ quotes are available at three levels: Level 1 shows the highest bid and lowest offer—the inside quote. Level 2 shows all public quotes of market makers together with information of market dealers wishing to sell or buy stock and recently executed orders. [9] Level 3 is used by...
  20. rmorse

    Best place to purchase historical stock data for backtesting??

    Sorry, I don't get a commission. Just trying to help. You can try contacting NASDAQ to see if they sell the data and what it would cost.
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