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When I was a market maker, we were considered long the stock at the time we clocked the exercise ticket and called it in to margin. But that was a little different, it was not a customer account.

I believe, when you send the instructions to exercise to your broker, the request gets submitted to margin. When margin enters the exercise, your considered long that stock to off set your positions. Settlement is next day. You'll have to ask your broker when the long is considered yours. Some...

Prop firms come in two flavors. Some raise money from partners and investors, hire traders and pay them a salary and a percentage of profits. The traders are employees. And, the other that is more typical on Elite Trader, the firm that has their own broker dealer, takes deposits from...

It would depend on the rest of the relationship. I would have to talk to you. Bob

YES. We have multiple platforms with this availability. Knight direct, Instinet TradeSpeed, Sterling Trader and Silexx Obsidian. The routing vendors offer it. Bob

I only traded in equity option pits, we were NEVER that big. 5000 up would be a good market.

In front of you? Vix markets are a single list. I don't know how your "smart" order is routed. Most likely directed to a dark pool, then the floor. It's hard for me to guess if the market moved or the market makers faded from other factors. It's hard for me to believe that a dark pool...

The SEC section 31 fee is $18..0/$1MM value sold. No fee for the buy side. http://www.sec.gov/news/press/2012/2012-15.htm

This is a general question. Honestly, can prop traders really make a living with a $5K deposit and the leverage offered by a prop firm? It seem like a tough battle that requires very few mistakes. Every trader makes mistakes. And when guys deposit that $5K, is that typically borrowed from...

Other benefits of the LLC. If you want, you can set up a profit sharing plan. If you join with another trader and have two members, you can save money on health insurance by getting a plan for a group of 2 to 50. Those rates are 1/2 sole prop plans in many states. Sometime you have to look...

Having an LLC as the trading vehicle would also offer your personal assets some protection. The LLC will own the account. If you blow out past your LLC equity, it would be difficult to go after you personally. I would recommend this structure to any professional trader. Even if you join a prop...

Consider setting up a single member LLC. Open the trading account under the name of the entity and a checking account with the same name and EIN. Run all trading expenses through the entity. Very easy to set up. Most states have a set up fee and a yearly fee. You'll have to pay higher data fees...

YES...that would be safer. Fund the new account with a wire from either the old account , or a checking account, trade in the new account, then transfer.

"Transferring your account could take up to a week. It would be more typical for the old account to charge a fee rather than the new account. I would not transfer position you might want to adjust in the next week. It would be safer to move cash. Then trade in the new account. You can wire money...

Firm or customer is not relevant. Are you sending it with DMA (choosing an exchange) or "smart" route (might go to a dark pool first, then trading floor?) If it's directed to an exchange, you will receive the "best" price at that instant, and should not be delayed.You might get a better...

We charge a per share fee with no minimum ticket charge. If you're monthly volume is good, and you can fund a portfolio margin account, send me an e-mail with your contact information and some details about your account size and volumes and we can discuss it later today. Bob

I believe your missing the point. A corporation is owned by the stock holders. The stock holders choose a board of directors to run the company for the stock holders. The board and the executives of the company have a fiduciary duty to the share holders. They get compensated (in theory) based...

What kind of platform are you looking for?

Every broker can run into issues from time to time. What is important is showing respect for your clients through glitches. When services are running well, everyone looks good. Bob

It's based on supply and demand and is not automatic. If the options decay slower, then IV increased. Faster, IV decreased. It's possible from buying demand to have options increase in price and have negative decay over a short period of time. Bob