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Diego, I can't speak for other brokers, but we don't charge extra for DMA, but we pass though ECN maker/taker debits and credits. So if you take liquidity more than you add liquidity, it will cost you more. If you add a lot, you will save money. In addition to that, you have to consider the...

How much more income do you expect to generate from the switch? If it's not material, I would stick with being independent and futures.

I agree. But you need more than very low clearing and commission fees to make money this way. You need a lot of capital and an automated low latency infrastructure. It also helps to get a source of order flow.

The edge of buying at or near the bid and/or selling at or near the offer.

I'm still not clear who would buy that spread for $0.35 when the midpoint, which looks like a proper skew, is $0.19. If I were still a MM, I'd be a seller much lower than $0.35. I have to assume a MM will step in front of you and sell it lower than you. I could see being a seller at $0.25. Good...

I sent you a PM. Bob

The OCC calculator does not offer that. It would be tough to does this manually on more than a few position if the are option positions. For equities options, you need to simulate that days options skew in order to then simulate a shock of +/- 15% on each position by symbol. I don't know of any...

I don't follow the options on this name or the equity. I can only look at the skew curve at EOD on a platform I have access to. If what I see is close to correct, I would say this is a good sale down to $0.25. I hope you get it. Please let me know. Bob

The option markets on those two strikes are very wide for options under $0.50. Where you able to sell this spread for $0.35 on Friday? It seems a little high for those markets. If you can, I do like the spread and the return. I'm just not sure you can get your price. At a .28/.29 vol it looks...

It matters outside IB. Some US broker-dealers won't provide leverage to foreign accounts like Apex Clearing.

This is not an easy question to respond to because OCC margin and Futures Span margin are the maximum you can be offered but most firms have restrictions of some kind above that. Lets separate the equities from the futures. I'll assume this will be for a Customer Portfolio Margin account. OCC...

This will sound odd, but my best trading day, I lost $15,000. I started the day down ~$90,000. The loss at the open put my account just below zero but my clearing firm let me trade anyway. The good old days where a relationship meant everything. My relationship manager said go make money, we...

Cost of doing business. No body likes the fees but it is the only business in the world where you can make a good living with this low an overhead.

No, you can't.

Xandman, http://www.cmegroup.com/market-data/distributor/files/exhibit-a-to-schedule-4-non-pro-self-cert-form.pdf Bob

It simply saves you money on fees. You can look on the CME website for leasing fees. I have one client that pays $350/month. That lease covers the indexes like ES (I'm not sure what else). There is also a one time fee to transfer the lease. I'm not sure what that value was, but it was around...

If it's a charge that is standard, you will see it with your confirm, I expect. If it's a charge from the exchange, it will be delayed. You might not get charged these fees for a month or two because it takes time for the charge to be calculated to be charged. If you are not entering a lot of...

Sounds true. I can't find it anymore for options. The fee was very high a few years ago.

td does. They get payment for order flow but you can choose the exchange you send your order to or use "best". I have no knowledge of what dough does with your order. Each broker has to get revenues from somewhere. If low volume commissions seem too low, they are offset by something. You should...

When you say "Shill", if that is someone that markets their services, I do that. But that is not why I answered your question. The ticket charge plus per contact model is better if: -you enter larger trade sizes -your order is still subject to the public markets If they offer better...