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  1. rmorse

    Any retail firms that don't charge you for market data if you trade under a business?

    Under the definition of "professional" for the data providers, all entities are considered professional. The only way you'll find someone to eat the data fees is if you're trading good volume. Bob
  2. rmorse

    Starting a fund / raising capital

    Unless I'm looking to make a direct investment, what benefit do I get out of questioning his statements? I traded for 25 years. Except the last year where I was looking to leave, my returns were better. I know many traders who did much better than me. If I was looking to make an investment, I'd...
  3. rmorse

    Buybacks only exist because companies dilute shareholder equities due to compensation

    I was not giving you my opinion has to what is better. I was telling you the rational that board members use to buy back stock, rather than other choices. Members of the board tend to do what they feel is best for them or their largest share holders, rather than small share holders.
  4. rmorse

    Prop Trader Earnings

    Anytime. As a side note, we are not a prop firm. We offer institutional Customer Portfolio Margin which works very well for those that can fund the account of an entity like a LLC or LP. We don't commingle your funds with ours and provide extra leverage. Bob
  5. rmorse

    Buybacks only exist because companies dilute shareholder equities due to compensation

    Stock buyback are done to increase Earning per share on shares outstanding, when the company believes their share price is under valued. Paying a dividend does not accomplish that.
  6. rmorse

    IB Mosaic and option trading

    5-20? Is that lot size?
  7. rmorse

    IB Mosaic and option trading

    It's not available on IB, but check out a demo of Silexx Obsidian. There are three types of Equity and option order tickets. http://www.silexx.com/obsidian/feature_list Order Ticket, Depth Ticket and Book Trader. Each one can use Smart route or DMA. Bob
  8. rmorse

    Prop Trader Earnings

    You'll never know if traders are being honest. Or, the sample of traders that do reply, might be skewed. Check out http://www.opentrader.com/ You can see real results from traders from their brokerage accounts. Bob
  9. rmorse

    Starting a fund / raising capital

    CPO:A CPO is an individual or organization which operates a commodity pool and solicits funds for that commodity pool. A commodity pool is an enterprise in which funds contributed by a number of persons are combined for the purpose of trading futures contracts, options on futures, or retail...
  10. rmorse

    naked option margin requirements

    In the US there are two methods of calculating margin. Reg-T and CPM. Reg-T is cash based and CPM is risk based. To get a better idea of the margin required for a specific position, try these links. REG-T: http://www.cboe.com/tradtool/mcalc/default.aspx CPM...
  11. rmorse

    Starting a fund / raising capital

    Right now you're at a Prime Broker. If you become a client of ours, you'll still be at a prime broker. The only difference would be the service that we offer at a small firm where each client gets person treatment. The extra services involved if you move forward with your plans, are from outside...
  12. rmorse

    Starting a fund / raising capital

    None. When you say "energy trading prop" are you talking about a group of futures traders? The majority of our clients are on the equity/option option side of the business. That does not mean we can't help you put something together that works for you. We have an Introducing relationship with...
  13. rmorse

    Starting a fund / raising capital

    You need to start to establish returns your can market, possibly have audited in the future. Helping small funds is something we do well. My advise is to establish a relationship with an Introducing Broker like myself. Open an account for either an investor or a group of investors that will stay...
  14. rmorse

    Best place to trade options

    Need more information. Reg-T or Portfolio Margin? Size of your account deposit? Do you need DMA or Smart routes? Do you trade small or large lots? What would you say is your average monthly volume? Do you require access to the complex order books (COB) Do you use a lot of margin(So...
  15. rmorse

    Secondary Brokerage recommendation (already have IB)

    Penson Futures has been in the futures business since 1985 because it's the result a few mergers like the rest of the industry. http://www.pensonghco.com/history.aspx Penson gets beaten up here in ET by traders that are mostly NOT clients of them. Everyone I know that does business with...
  16. rmorse

    Opening a joint account

    Correct, 50K is below our minimums for each account. Call me any way if you like. I'll go over our options. Bob 646-545-3860 ------------------
  17. rmorse

    Opening a joint account

    One issue will be the total size of the account. You can create one entity(LLC or LP) with sub accounts. However, in the US Equities and options are one account. Futures are another account. FX is another account. Each one will have to be funded separately to cover margin. You can move money...
  18. rmorse

    Does IB route MKT vs. marketable LMT orders differently?

    Are you choosing SMART route or using DMA. If your choosing SMART route, only IB can tell you. If your using DMA, you choose the exchange and any marketable order should be done the same. Unless those trades are being filtered to a dark pool first which I don't believe they are. A typical...
  19. rmorse

    Automated Trading System for TD Ameritrade

    We offer CPM accounts at both Penson Financial and ML Pro with an API to both Sterling Trader and Silexx Obsidian. Send me an email with your contact information if you like me to call you about our services. Bob
  20. rmorse

    Secondary Brokerage recommendation (already have IB)

    I sent you a PM. Bob
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