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I find the decision often comes down to capital. For equities, if you have enough capital for a portfolio margin account, I believe you are better off running your own business. It also makes it easier to raise capital in the future, as you can show your account to verify your returns. With...

This is all from Payment for order flow. Nothing you can do about it.

With equity orders on TWS smart route, you can see where your order goes by looking at the "Pending Orders" under "destination."

I just found this: http://www.cmegroup.com/trading/equity-index/us-index/e-mini-nasdaq-100_performance_bonds.html?marginsTab=INTER&view=disablemobile#sector=EQUITY INDEX&exchange=CME It looks like the CME offer a 65% reduction in margin from ND vs SP at a ratio of 2 to 1. It should be the same...

I did not know of this until your post. I read quickly though this: http://www.finra.org/Industry/Regulation/Guidance/p038942#100 I "think" these are crossed transactions by FINRA members. If that is true, you never had access to this flow. Can you provide an example of what symbol you viewed...

I sent a private message.

It would be easier to suggest a future if I knew your general strategy and risk profile. ES contracts are on the low side of volatility vs most futures. What are you looking for?

Financial futures might be the easiest to understand. Look into the S&P emini future. Don't do any trades until you understand the contract and have a strategy that show promise. What have you traded up to now and how have you done?

To get clarity, call them and ask for Clearing fee support. They will help you. I have called them a number of times. Or, call your FCM.

NYMEX/COMEX Fee Schedule, Effective February 2, 2015...

In the past you could tell by the symbol. All Nasdaq stocks had 4 letters. Niw, many Nasdaq stocks are also traded on NYSE and some Nasdaq stocks have three letters. You will have to go to their website. If you want to know the open from each exchange, you need access to time and sales that also...

To be honest, I've been in this buiness for a long time. I'm not sure when this report requirement started, I only learned of it in mid 2014.

Technically, it is your responsibility to file even if your broker does not notify you.

The close on the primary exchange is used to determine automatic exercise. The buyer of the option always has the ability to file an exception. That means they can issue instructions to their broker to exercise options that expire OTM or issue instructions to not exercise options ITM. There are...

Good explanation. In addition, there is little reg nms protection on the open and the close. Each exchange and Ecn can have there own opening and closing price. For open and close orders, you will likely be better off directing your order to the primary exchange. If your broker does not allow...

Your broker will consider it a naked call today however Monday it will look like a Buy write, assuming you get assigned.

The expo is a very retail event and I don't normally stay very long. However, it's a convenient meeting place in case someone in the forum would like to meet me, and they expect to attend or will be in the general area. I like to stop by because I know some vendors and a few of the...

Everyone, Our offices in NYC are very close to this event being held at the Marriott Marquis Hotel, 1535 Broadway, New York, NY 10036. I expect to drop by early afternoon, just after lunch for a short time. If anyone will be in the area or at the event and would like to meet in person, shoot me...

newwurldmn, I believe I'm correct and just confirmed with someone else at my firm. Simple example. XYZ has 100M shares outstanding and does a tender offer for 10M shares at $45. When they execute the transactions, if I'm short 10K shares on that date, my broker will enter a trade in my account...

Assuming I understand your question, your broker will buy the assigned shares at the tendered price. You will pay what the company pays.