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  1. rmorse

    Weird market data on options CL FOP (LO) through IB

    It's normal for 10:50pm est. Look again tomorrow morning. Not enough players at this time of night.
  2. rmorse

    Trading An Algorithm w/No Experience Putting Trades Through

    Then I don't see any issues. Start small and ramp up over time. Bob
  3. rmorse

    Trading An Algorithm w/No Experience Putting Trades Through

    Then that will be your big issue. See attached. In addition to IT hosting, non-display market data, you need to pay for a cross connect to your broker's FIX connection. That runs around $500/month at NY4. This set up can easily run as much as $10,000/month. If your account starts with $1mm, you...
  4. rmorse

    Trading An Algorithm w/No Experience Putting Trades Through

    One of the pitfalls is the cost of a low latency set up. You have the cost of IT hosting and non-display market data. The smaller the account, the more the cost will overwhelm your returns. If you can along without low latency, you can keep your cost down with a solid API. If your missing trades...
  5. rmorse

    Options or Futures Trading

    You need to find a strategy that gives you an edge to constantly be profitable vs the risk taken. Then, look for the product that best fits your strategy by forward and if possible, back testing. Then trade it in a live market and adjust as time passes. Since none of know what you have...
  6. rmorse

    How are margin updates calculated? I need some pros here!

    http://www.nfa.futures.org/nfa-compliance/publication-library/margins-handbook.pdf Computation of Margin Calls: In determining margin calls, accounts shall be reviewed as of the close of the trading day. Firms, at their discretion, may issue margin calls on a more frequent basis including the...
  7. rmorse

    Should I buy CAD hedged ETFs when the Canadian dollar is weak?

    What do you like about the VOO vs the SPY? (Sorry, I don't have an opinion on the direction of the CAD/USD). Bob
  8. rmorse

    Can you use options to minimize exposure to the US withholding tax on dividends?

    2.5% is very low, so that's not likely to be it. EWZ pays a dividend in December that varies. The vol might be off because no one know what the dividend will be until it goes X later this month. Market makers get this one wrong all the time. I remember around 2008 when I was a MM in EWZ, that...
  9. rmorse

    Can you use options to minimize exposure to the US withholding tax on dividends?

    That is what FSU was talking about. If the Ivol on the puts are higher than the calls, it is normally from a high short stock rate (Or an error in dividend flows).
  10. rmorse

    Can you use options to minimize exposure to the US withholding tax on dividends?

    If you have a portfolio margin account, the OCC margin is the same. House risk rules at some clearing brokers might be different, but it is my expectation that they will be very close. One thing you have to be mindful of is the cost of entering the trade. Most option markets are much wider than...
  11. rmorse

    Prop Shop Sought: Allow "live" trading of backtested strategy

    aucociscokid, I’m not sure you are doing the math correctly. On a long/short portfolio that is dollar neutral, they don’t offsets for margin . The longs and shorts would each get shocked by at least 15%. In a portfolio margin account with $1mm, the most the OCC haircut will allow is $3.3mm long...
  12. rmorse

    ICE Futures Europe (IPE) EUA

    What conditions would that be? Most FCM offer access to this in some fashion. Either directly or though another broker. If though another broker, the commission is slightly higher.
  13. rmorse

    searching for file contains all options chains in the market

    If you are looking for something that is free, I can't help. I would try contacting OPRA to see if they can provide it. Won't be free. http://www.opradata.com/ Bob
  14. rmorse

    Grim future for day trading as a career

    Day trading has and always will be difficult. Trading in general is a difficult career. What continues to make it attractive, is that there are very few business where you can be self-employed and run your own business with very little overhead and a moderate level of capital. And, do that from...
  15. rmorse

    1st NY Securities: How Are They Doing Today?

    What makes you think they were having problems?
  16. rmorse

    Can someone please explain why this trade is going wrong?

    You can't imply any meaning when you have really wide spreads like that. I would stick with symbols with narrower more liquid spreads.
  17. rmorse

    How orders are routed

    Thank you both. My feelings on strategies are very simple. If it work consistently, do it over and over until it no longer works. I will never make fun of any strategy that works. I don't care if it's TA or watching the ocean tides.
  18. rmorse

    A different kind of spoofing..

    Javier, This is for equity/index options not options on futures. Your broker will alert you if you have to file. If you want to avoid it, you will have to keep track of the number of orders you enter. If you are an automated trader, you will likely want to file anyway to make two sided markets...
  19. rmorse

    A different kind of spoofing..

    As far as I know, all equity option exchanges in the US provide customer priority. There might be an exception I'm not aware of. To maintain customer priority, your account can not be owned by a broker dealer and you can't enter 390 orders or more, on average over any month, during a quarter. If...
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