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Unless they are members.

Can't you call your broker or Demension and ask?

Really, B of A Merrill Lynch is not in the same league? What does that mean? They have different a business model than IB , but your telling me ML is not safe?

No I'm not sure. You should call IB and ask if your interested.

I know many retail firms charge that on long balances. We clear Penson and ML and base our rates on a premium over Fed Funds, so our rates are much lower. No, I can't post rates here. Wanting insurance to protect your money for those concerned will always have a cost. Only you can decide where...

That min. apears to be for T-bill transfers to meet a margin call. If you have an account there of $250k, I'm sure you can buy a T-bill for $250k. If you're a long side trader, you'll have to pay margin interest on all your trades.

Where ever you choose to trade securities: If you would like added protection in a bankruptcy, consider funding your account with 3 month T-bills. Google for," A Joint Report of the SEC and the CFTC on Harmonization of Regulation.” If you go to page 33 second paragraph, it discusses a...

Look at line 50 and 102. http://www.cftc.gov/ucm/groups/public/@financialdataforfcms/documents/file/fcmdata0212.pdf

I'm not familiar with that platform. We can offer APIs to Sterling Trader and Silexx Obsidian. obsidian uses .net. I'm not sure about Sterling. Why don't your contact their customer support.

When your calculating fees, make sure your comparing the same service. Either both smart routing or both DMA. Also, do the math. If you have a small account and don't trade actively, how much money per year are we talking about? Maybe price is not the most important feature for you, but the...

I would either tell what I know, give my opinion or say nothing. Penson has one current issue revolving around a debt to equity swap. When that is complete, their balance sheet will be clean. The excess debt and monthly interst charges were a drag on earnings. The conversion of the debt to...

We are not seeing any issues with money moving in and out. They still have over $100M in excess capital. Bob

Speak to your broker about the 5:30pm est cut off. They have to get in the contrary exercise notice to the OCC by 5:30pm. They might require your request earlier.

Maybe it would be more productive if you listed the most important features you feel YOU need for a broker and their trading platform. Also, how would you define "retail."

Correct. Without it, markets would not function properly. One of the responsibilities of regulators is to make sure the markets function as smoothly as possible. The SEC, FINRA and the Exchanges believe that the more depth and liquidity, the better the markets function. So because of that, a...

http://www.cmegroup.com/company/membership/membership-pricing.html#pricingType=1 You can lease a membership for around $2k per month. I believe the membership benefits apply to that entity. So, if your an LP with all your clients in one account, the entity will get the discount. If your a CTA...

This complaint had to do with REG SHO stocks that were about to be bought in. A MM would trade an ITM call vs stock with another MM with no position, knowing the other party would exercise the long call to not be short stock the next day. The trader buying the stock and selling the call, would...

Yes they can short them without a locate. The question I'm not sure about is the the plus tick rule when it applies. It's my expectation they are not except from requiring a plus tick when required by the exchange.

Mr Moose....I like that name. You can try joining an online trading room or chat room with other traders. I can't recommend one, but know there are out there. It would at least provide conversation and something to listen to. Bob

What is the name of the firm? Is it traditional prop where they back all their traders, or a JBO Member firm requiring a deposit?