Search results

What do you like about lightspeed that you think other platforms don't offer?

As long as you're getting a competitive spread with low commissions, or a good spread with no commission, why do you care who's making money from your trades?

Sure. I'll play. I started at a small OTC firm, then ML, Then worked on the floor of the AMEX as a wire clerk, then $2 broker, then I borrowed $25K from my family to start my own BD in 1985. I trade as a market maker from 1985 until 2010 with my own money and did very well. I owned my own AMEX...

If you were the prop firm, why would you offer these terms? Where do they make money? You would like them to risk everything, offer you everything......Not possible.

Yes, more so in FX. I'm just saying it's part of your trading needs.

We both know trading is not that simple. Both strategies could use SPY as a hedge, as one example. That's why sub accounts are cleaner, especially if you are looking to view returns and raise money for that strategy in the future. Bob

It's hard to come up with a response to that. Putting that aside, you sound like safety is more important than service, fees, platform choice and anything else that might enable your ability to run a trading business. Safety is important and difficult to quantify. I'm sure BS, LEH and MFG...

What if you are trading three strategies, and each one includes common securities? Bob

We offer our clients the opportunity to create sub accounts to monitor P & L of either different strategies or different traders. Bob

That's true for Reg Sho stocks where the market maker is confident they will get bought in as time passes, the price of the call bid is reduced and the put offer is increased to be paid for their risk. The reality is that many of us want to short hard to borrow stock for a trade. That trade...

I know MM that won't give up their BD and membership because they only make money on the hard to borrow securities. I left the floor in Feb 2010, and the rules have not changed. It is meant to allow depth and liquidity in the options and the SEC expects that when you sell these stocks without a...

Good luck. Unfortunately, most of the large banks and well funded FCMs that offer FX, don't want retail business. They offer accounts only to eligible contract participants. Most of the small brokers that offer retail FX are very small firms. Your counter party risk is with the FCM on all your...

I believe that option market makers are except from getting a locate on hard to borrow securities but are not except from the short sale rules in case a plus tic is required. Bob

Again, this is just my opinion. You're never going to know who the next broker/bank bankruptcy will be. There is NO reason to believe IB will be it. Find a place you like there platform, customer support, access to the market you want and fair pricing. If you have a very large accounts and your...

I guess because I was a Broker Dealer for 25 years, and not protected by anything, I'm accustom to not be concerned with it.

IB makes it hard because they give the illusion of one account. If you trade equities, FX and Futures, there must be three separate accounts that have to be funded independently. They each have there own margin requirements and internally, they can move funds back and forth. But when you have...

I did not say that. Let me be clear: Bank account: FDIC protection Securities brokerage account (Equities, options,bonds): SIPC protection Futures: No Insurance. Account are segregated from FCM in the clients name. This is the way the CFTC expects your account to be protected. FX: no...

I can only speak for accounts the US. If you're trading FX futures or option on FX, your protected by the segregated nature of Futures accounts. For the most part that is considered enough, except in the case like MFG where there appeared to be theft. If you have an FX account trading...

As long as your dividends and interest expense are up to date, it's unlikely they would not allow transfers. Make sure you have a brokerage account/Bank account in the same name and SS# as the account, to move money to. AML procedures can block third party transfers or any transfer that looks...

http://www.nasdaqtrader.com/Tradernews.aspx?id=nva2007-033 Is the NASDAQ Subscriber Agreement1 signed in the name of a business or commercial entity? Because a non-professional subscriber must be a natural person, the NASDAQ Subscriber Agreement1 must be signed by an individual. If the...