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I was not referring to the cost of hard to borrows. I was referring to the Greeks. I'm wondering if the make adjustments for implied negative interest rates so the Greeks are correct.

xandman, Do you like the IB reports? Do you find them to be accurate even on hard to borrow securities? Bob

That is not how I would describe it because we manage the relationship. They are our clients and we use our relationships for execution, clearing and custody. "Middleman" implies that we just make a referral and do no work and have no risk. None of that is accurate.

The wire fee normally comes from the sending bank, not the receiving broker.Use ACH when you can, to avoid fees and wires for margin calls.

I would be more concerned with the current spreads in the options, then the size. What is the difference if they are 10 up or 500 up if 10 will do it.

We all do it at one time or another. It might help to read the order out loud before your hit send.

Wire (US bank to US broker) should get booked same day, if you do it early. ACH is typically next day, at most 2. Checks have to be recorded, then deposited, then they have to wait for them to clear. 7 to 10 days sounds normal. I'm surprised that IB would accept a check.

Never mail a check to a broker. Always ACH or wire funds so you can track it. Bob

marketsurfer, Check out my LinkedIn profile and our company website. I did not think I was being vague. Most of the member here keep their names, email address, etc private. Even many sponsors don't provide detail. I want participates to know who I am, my background and what we do. My name is...

Yes, I'm very happy in my new role. I get to talk to people all over the world and look for a solution for their trading business. I talk to a lot of X-floor guys, x-prop firm traders and traders leaving big firms looking to start their own business. I also work with active traders at retail...

I was a BD and member of the AMEX. It was not just trading, it was running a business in a regulated environment with escalating costs. To me, the MM business for equity options was no longer worth the risk reward. Too may option exchanges, too many orders crossed. Rather than build a new...

wwatson1, After 25 years, I had enough. It was not giving up, but moving on to a new challenge. bob

Use your trading experience as a positive. You ran your own trading business. Explain what you learned and how it will benefit your new employer. Good luck, Bob

When you consider how many option strikes are out there with no customer orders on the book, and only MM quotes, you can't expect MM to make tight, deep markets on most of the options. If they do, they get picked off when news comes out, without any possible benefit. They focus their competitive...

The proper metric is to compare the value of the dividend to the put value on that strike and include your cost of carrying the stock if you exercise. If the dividend you receive minus the cost of carry is more than the put, you can exercise the call, buy the put, end up with stock+put which is...

When I was a MM(AMEX), I used Actant for quoting and RediPlus for "away" orders and pairs trading. I don't trade professionally anymore. Our firm offers (For equities and options) Sterling Trader, Silexx Obsidian and soon RediPlus. Bob

No it does not. It has a good pairs trader and provides access to equities, options and futures, if your broker has it set up that way. Not much with risk or what ifs. I always liked redi's cob ticket.

I would reset to market vols if too many strikes were out of line. I always tried not to over hedge, hoping other options would keep me within my limits. My auto hedger was always set to round down. I never felt deltas needed to be exact. Toward the end of day, I would try to get flat. During...

When I traded, I used market implied vols but smoothed the wings. The Ivol gets too high at market values for far OTM short duration strikes.

We are Introducing Brokers and provide a variety of solutions for small and medium-sized Hedge Funds, CTAs, Trading Groups and Active Traders. We offer a choice of FCMs and platforms including X_Trader Pro. I think I can help but I would have to speak to you or get more details privately to see...