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This is obvious but, option or equity scalping requires low rates and high volume to make money.

Auto-liquidation by online brokers are one reason active options traders choose to move to another type of relationship.

If you only buy large blocks of stock, ticket charges will be a lower commission. You have to assume that you will get the same execution price with the ticket charges as with DMA. (To get the ticket charges, you are likely entering a dark pool) That may or may not be true. I prefer DMA and I...

They trade active options. Usually after a large move. Different everyday.

I have clients that scalp options with high rebates manually.

Automate their strategy.

I'm less familiar with how their equity smart route works and If it is routed 1st though an equity dark pool, then to an exchange. If you choose a destination yourself, and avoid "smart", it will likely avoid that. All our smart or managed equity routes go to a dark pool first. We have had no...

Are you asking about equity orders or option orders? And, would you call it PFOF if Timber Hill had a first look or got directed order flow? In the end, all retail option orders can be sent to a MM that will pay for a first look or be guaranteed a %. I'm not sure it effects your P&L or your...

That is not typical. Your broker must have added that feature.

My clients find the weeklies are more interesting than the monthly options. They do a lot of volume in these. The weekly VIX options will be very popular.

I wonder if it will be an AM or PM settlement.

http://snip.ly/6Ccs#http://ir.cboe.com/press-releases/2015/31-07-2015a.aspx

A broker finds the buyer and seller of a single option or multi leg spread (sometimes vs stock delta neutral). Then the cross the trade by printing it on an option exchange within the NBBO (National Best Bid Offer). Most larger lots are done this way.

The trade starts with a client order, then the broker looks for liquidity and charges both side a commission.

I don't think even the exchanges know the answer to that question. I left the AMEX floor back in early 2010. What I can tell you from back then, is that I got an estimate that 75% of transactions were crossed.(We don't have the Index products you are asking about) Let's call those institutional...

NP. We all forget the simple answer from time to time.

SPY pays a dividend of about $1.00 in September. I don't know the x-date or exact amount, but that would do it.

http://www.sterlingtrader.com/documents/Sterling_ActiveX_API_Guide.pdf

ArbPairs http://arbpairs.com/

Not sure. Depends on who you choose to form the fund and who you choose for each provider. You have to shop around but keep in mind that for larger allocations, you can save money by using a auditor from India.