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  1. rmorse

    Wts Proprietary Trading Group, Llc

    It's required if your licensed with an Broker Dealer. It's needed for your U4.
  2. rmorse

    Cheap stock broker for <100 shares / trade

    What do you like about them?
  3. rmorse

    Whats the beta of GM?

    Has not been trading long enough to compute correlation.
  4. rmorse

    List of options that that trade in pennies, nickles, etc

    From : https://www.cboe.org/hybrid/pennypilot.aspx
  5. rmorse

    Wts Proprietary Trading Group, Llc

    So, what rate would you all offer a trader who only puts up $5000, to trade equites and options with basically no return from profits, only commissions. Taking into account all the fixed costs, risk of running the firm, compliance and don't forget the cost of borrowing risk capital and setting...
  6. rmorse

    I need someone's expertise on this situation

    E-mail me your contact information, a description of your fund, what country your located in, and I'll follow up and recommend an administrator. Bob
  7. rmorse

    CBSX and FINRA Registration

    I sent you a PM. You can open a Customer Portfolio Margin account and send copies of your monthly statements to your firm. Legal and very clean......Bob
  8. rmorse

    What is this in the SPY?

    These prints are either bad prints or prints against SPY options that are printed late. Check the volume at that time. If it was large, it was most likely vs options.
  9. rmorse

    Options Volume Increases Substantially Just Before the Ex-date -- Why?

    The open interest after the x-date from options that are clearly an exercise is often created from long unhedged option buyers that either don't want to own the equity or lack the capital to exercise.
  10. rmorse

    Options Volume Increases Substantially Just Before the Ex-date -- Why?

    Automatic exercise is only for expiration. The open interest lines that are targeted have more than two hundred, and their cost of setting up the trade is very low because of deals with the exchanges and the clearance firms. There are some phlx MM that make a living from this. Also, MM have the...
  11. rmorse

    Cross Margin

    I'm not sure if the JBO arrangement allows the self clearing OCC member to pass on that right to their JBO partner. You would know better than me. Does your firm allow the extra leverage from cross margining? If yes, is it because of the reduced risk, or the ability to cross margin?Will it...
  12. rmorse

    Cross Margin

    yes, currently even for market makers and other broker dealers, futures accounts are segregted and have their own margin requirements from a different regulator. The sec and CFTC would have to get together and agree on details. "Futures positions are permitted to be included in the portfolio...
  13. rmorse

    Cross Margin

    You need to be a self clearing broker dealer. "Is STANS now approved for portfolio margining use? No, STANS is only used at the clearing level for self-clearing OCC member firms. TIMS is the approved methodology for portfolio margining and for broker-dealer net capital requirements under...
  14. rmorse

    Options Volume Increases Substantially Just Before the Ex-date -- Why?

    Dividend Spreads. Market makers look at the open interest on ITM calls with high dividends. They short large volumes of the ITM calls where the dividend is worth more than the put value, hoping the owner of the call will not exercise. They will keep their buy write on and receive the dividend on...
  15. rmorse

    Would you like to start your own Prop Firm?

    Would you like to start your own Prop Firm without the need for a Broker Dealer license and regulation? We offer Customer Portfolio Margin accounts for equity/options traders. These are segregated customer accounts with good leverage, professional platforms with professional service. You can...
  16. rmorse

    US Cash index Question - Multiple contract listing per strike

    SPX offers weekly, regular and quarterly expirations. Most of us are traders and don't care about the dates they expire. Funds like the quarterly options that offer protection or speculation until the end of the quarter, then expire and are then off their reported portfolios.
  17. rmorse

    Redi-Plus

    Btw: to my knowledge, this is not a "retail" platform, but a professional platform. The difference is that it is unlikely that it calculates and monitors buying power available for a cash, reg-t margin or portfolio margin account. Retail platforms have to.
  18. rmorse

    Question for ETF experts... help.

    All equities, Since 2003.
  19. rmorse

    Question for ETF experts... help.

    I believe it's the same information. That document comes out on a regular basis. Have a good week end Don..........Bob
  20. rmorse

    Question for ETF experts... help.

    Don, That's the same document monstimal provided you. Bob
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