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If we are talking about options, they should be blocking the second order, unless your order is held in their system or an option dark pool and not on the open book on the option exchange.

Are you trading with a Prop firm (BD) or as Customer with Portfolio Margin? Bob

How much volume did you do that month to receive that cost structure? Bob

This is not an IB policy but an exchange policy. "Customer" order take priority in front of Market Maker markets. If you were allowed to make two side markets and get priority, no one would ever become an exchange member and offer depth and liquidity to the markets. If you change your status to...

We might be able to help. If you qualify for a Portfolio Margin Account, you can receive as much as 6.67:1 on equities and higher on broad based indexes. Email me you contact information, best time to call, and a better description of your needs. I'll give you a call tomorrow and go over your...

I don't know anything about this firm Cy Group. However, set up properly, it is possible to run a prop trading business as "customer" rather than firm. You just can't claim to be brokers, mark up commissions or claim the sub accounts are owned by the traders. These are not all the issues that...

ACD thread?

Good luck.....I wish you well..... Bob

Where in the process of becoming Introducing Brokers there. I know they have a big futures business. I know a lot of floor traders like them. I don't know anything yet about there FX business. Looking for both positive and negative experiances. I think their FX buiness is more institutional, so...

Every US broker has Written Supervisory Procedures (WSP) to meet the requirements that FINRA places on them. What's likely is during an exam they discussed international accounts and this was a remedy they had to write into their WSP for FINRA. Or, OX is now owned by Charles Schwab. This could...

Does anyone here trade FX through FC Stone?

When you called and asked IB, what did they say the extra charge is for.

Describe how you interact with the platform. If you give me some details of what your needs are I can suggest what I think is the best for your situations. In general, there is no "best" for everyone. Bob

We have a CTA that uses a third party for all their tear sheets, monthly statements, and all performance reports. The performance numbers were delivered with in two business days of the end of the month, including the bill for the FCM. He was paid the next day. Very professional easy to read...

They don't claim to be broker dealers on their website. What made you check?

I never traded that way. It's reversion to the mean. If the open is too big of a move, they are looking for a small retracement. Not my thing, but I guess they only care about the opening print. Then they move on the the next trade.

A limit order entered before the opening works the same way it would entered at any other time, except it's not active until the open.

None of our platforms offer "good for 10 min", or "good til 10am." I' m sure someone does that at the platform level. That's not an exceptable order at the exchange level. Bob

Correct. If you're entitled to a better price, you get it. If you not entitled to an execution, and you enter a limit on open order, your order will cancel. If you have a limit order, you'll stay out there.

You never mentioned which asset class or exchange you're entering your order to. However, any orders entered at the NYSE before the open, that are executable at the open, get one price. If you offer stock at 25.00 and the open is 26.05, you get 26.05. Each exchange will have one opening price...