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tasty trade is not a broker dealer. THey must get a flat rate referral fee for getting an account to open at TD. The rates they offer look higher than what TD customer pay directly. weird.

For that you don't have to calculate your own values. You only need the current NBBO and a way of determining where you can get an execution. You will have to make an assumption of how aggressive you will have to be to buy or sell an option vs the NBBO.

Why do you want to calculate it yourself? What will you do with it? These programs estimate the Ivol from the current midpoint.The problem is that they don't have accurate interest rates (Including hard to borrow rates) and dividend flows.You need a platform that allows you to make adjustments...

Non tradition prop firms make their money on commissions not % of profits. They don't care if you lose money as long as you don't lose their money.

I was not ready to start my own trading business either. It was January 1985 and I was fired New Years Eve just after the close of trading. I was a floor broker doing professional option execution. I just got married and bought condo three months earlier and I was 24 years old. I always want to...

I spent a year ( a little less) at one prop firm after I closed my trading business on the Amex. I then realized that for me, prop firms (where my money is first loss) typically only have value if I can't get proper leverage on my own because my account is too small. IMO, if your can run your...

It is unfortunate but I would not waste your time and capital doing nothing. If I were you, I would continue trading until the end of your one year then make a decision on moving forward. These prop firm when run by people you can't trust are always a problem. The fact is that although you feel...

Stay away. The house has too much edge.

My best run was 6 1/2 years without a losing month. I always judged my P&L monthly not daily because of position trading as a MM. You get a little paranoid after a while waiting for doom. I agree, you have to factor in bad months when you're at risk. I can't tell what his allocation is from...

If you are not sure what is best, contribute to both. Your profile says you are 33years old. Who know what tax rates will be in 30 years. That seem the key factor.

It tough when you have to make decisions around tax rules. How are mutual funds treated? What I like about them is that it is easy to dollar cost average with your paycheck monthly. What I hate is the year end tax bill when I have not sold anything. I financed my daughter's College that way. It...

Trading at the largest FCM does not benefit you. GS only takes large institutional accounts. Most of the other large brokers are the same. In fact last month I had a conversation with the VP of futures sales of a large broker, and they told me they asked all their "small" accounts to move to...

How does knowing this benefit you, or are you just curious?

Wow, you must have beat me by like 10 seconds!

JPM and Barclays are much bigger. Look at the size of the accounts with each fcm. This won't tell you volume. http://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm

Not faster than a wire but ACH is often free. May I ask why you need to do this that often and that fast?

C2 has the maker/taker structure on most options where you get paid to offer liquidity and get charged for taking liquidity. CBOE has the traditional structure where Market Makers are expected to offer depth and liquidity. Options will often get executed 1st on the exchanges that offer the...

RabidTrader, We don't set margin or risk rules, the clearing broker does. We could, if we chose, have more restrictive house rules to protect us, as we are next in line for losses as the introducing broker. However, we are expected to keep our clients compliant. If you get a risk call during...

I'm not sure what you mean. This example is comparing 100 shares to 1000 delta. You have to user your 1st example. The Reg t requirement for the stock is 50% overnight or $16,585. The PM requirement without extra house rules is 15% or $4975.50. Each margin requirement is higher than the cost of...

I had one client last year, that was long Alibaba when it was trading around 113. He was also long calls. As I was monitoring his positions, the margin requirement went up to a level that made no sense. ($150K available to $1500 available. The stock was up 4 points that day) When I called...