Search results

I don't believe that to be true. These brokers, TD and Penson don't have a Prop desk. They have liquidity providers that bid and offer in the system. After the trade is complete, the FCM, in this case Penson, maintains counter party risk to make sure each party receives or pays their profit or...

The list is internal, and few will share it. Also, for your benefit, there is no hard to borrow list. There is an easy to borrow list. What's not on the list, requires a locate and is considered hard to borrow. Platforms check the easy to borrow list to see if you require a locate.

The only issues I can think of is the possibility of higher margin on the short stock vs. the short call, the stock can be hard to borrow and you might owe a dividend with the short stock, but not the short call.

Your FX broker always maintains counter party risk on all your FX trades. That does not mean they were the counter party on each trade. They will never tell you who the other side of each one of your trades is. Remember, FX trading is trading of a non-deliverable forward contract. You're only...

Trading is like any other business. If you have no experience, no expertise, how can you expect to be successful? You need a business plan for trading just like any other business. What type of business did you just sell?

That was the trading crowd I traded in. Both options are very active. I'm just surprised your happy with the complex order book there. That's great. Their COB has something called RFQ. request for quote. When you enter your order, and it's with in the NBBO, it should send a message out to...

I'm not an expert on this, but to my knowledge, the CME does not have a Complex Order Book (COB). If you want to enter a spread order, you need to find a broker with a presence in the trading crowd to represent your spread, as a spread in the crowd. If he can find a local to do the other side...

I traded for 25 years as an equity MM on the floor of the AMEX. I no longer trade. If I were starting in the business right now, I would only trade futures, options on futures and cash settled index options. IMO, that's where the money is right now and there are tax advantages if your...

FX trading typically has no fees to trade. The FX platform has a spread. The narrower the spread the better.

Sorry, that's not accurate. Futures accounts are segregated accounts held separate from "margin" accounts and cash accounts at brokerage firms that have cash and securities. Any cash or futures or options on futures held in that account is NOT covered by SIPC. In the past, before MFG,these...

How would it change the situation if it were reg-t vs pm? Either way it's a covered account if the account holder is a customer and not a BD.

Cool, I did not expect that. I was an AMEX member and don't know anyone that monitors that COB. They do a lot of volume in certain options. The AMEX also gets a lot of "directed" order flow from some of the big brokers like Barclays and GS. If your trading common spreads, you might be trading...

This calculation is the OCC TIMS margin calculation for portfolio margin accounts. Any broker can charge a higher haircut from risk, but not lower. You can go to http://apps.theocc.com/pmc/pmc.do and do the calculations yourself. If your platform does pre-margin checks, it's possible it might...

Which ones do you find are faster?

Also, Don, what you refer to as retail, I call customer. Customers get priority over MM on the book and pay lower exchange fees. If they have DMA, they can choose their route or use a smart route, just like you. Bob

You should absolutely use limit orders. Even if your price is through the current market. Bob

Don, I did not get your question. Also, MM don't lean on orders in the COB. For the most part, very few have the facility to view it, it's automated to those that have their systems monitor it, looking for edge. Those that can see it like Susquhanna and Wex, know they can't lean on...

I can't speak for IB. I put the position into the OCC calculator close to $ nuetral. SPY +6762 QQQ -14,089 The required margin was $66,906. If the positions were separate, the margin would be: SPY: 75,863 QQQ: 95,354 Total: 171,217 I did it quickly and hope I entered it...

Try downloading and running SPECCY at http://www.piriform.com/speccy It's free. When you start the program, click on "Summary." It will tell you what hardware you have. Under each piece of hardware, will will tell you the current temperature. If your machine is running hot, it will slow down...

The complex order book (COB) on the exchanges is monitored by a small number of large market makers. They don't do trades to match the NBBO. They will only trade with the spread if their system sees "value". Very few traders can "see" the order book and enter trades. Even if they could, they...