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Vix options are priced vs. the VX future not the index. I'm not in front of a screen right now but I'm guessing the future for that month is lower than the index.

Why is this big news? Are they both that large?

AFTER the close of the transaction. All Futures, options on futures and FX trading will belong to Knight Capital. All "equity" accounts, Reg-T and CPM will remain at Penson Financial. If your broker is a correspondent at the FCM Penson Futures, I assume they will move their business to Knight...

Penson Sells Its Futures Division to Knight DALLAS--(BUSINESS WIRE)--May. 29, 2012-- Penson Worldwide, Inc. (NASDAQ: PNSN) today announced that it has agreed to sell certain assets and liabilities of the futures division of its U.S. broker-dealer subsidiary, Penson Financial Services, Inc...

In NYC, when you rent an apartment, the building, coop owner or condo owner typically ask for two years of tax returns. They expect that at a minimum you must earn 40x the monthly rent. Some landlords will except six months security for the rent on top of the one month for the apartment. Others...

No. It's not my place to tell our clients which prime broker to use. They make the choice because of the their situation and where their business can be accommodated. You're making the assumption they can do what every they need to do anywhere. That's just not true. Each broker has it's...

Yes. This is from our FINRA Broker check. Bob

Sorry, I read the question too quickly. Trading is a business like any other. If you don't have tax returns with earnings going back two years, you can't even rent an apartment in some cities let alone get a mortgage. In the old days, you could get a non income verification loan for a home...

They have liquid securities that they can liquidate very quickly. When you buy a house, and default, they require legal action. Securities in a margin account are in street name and you sign an agreement that explains they can do what they need to in order to protect themselves, without legal...

If we are talking about equity market makers, they generally run an automated strategy. They are constantly bidding and offering somewhere and hedging with stocks that are correlated. So if they buy to much in related equities on 100 different symbols, they might drop their bids in everything...

Is the firm a broker dealer or trading as customer? If they are not a regulated entity, you are not required to be licensed. Either are they.

What if at the moment, there are no natural buyers/sellers near the last sale. MM add depth and liquidity when none is present.

http://finance.yahoo.com/q/mh?s=PNSN+Major+Holders I never looked at this before. I had no idea Peak 6 owned more than half Penson. Bob

the brokerage firm Penson Financial has plenty of cash. The debt is with the holding company.

Why do you believe a retail account is not entitled to the open? If the order goes to NYSE or NASDAQ, each exchange has one opening price. You can have a retail account with DMA.

I've received email and Private messages asking for information about Victor Securities. Please read the attached PDF and feel free to contact me directly for information about our services. Bob

I don't know which broker you can use. If you have an account at IB and you want to make use of their trading desk, you have to talk to them. There are MANY options sales brokers out there. GFI is the biggest. They take institution orders and blast them out to a thousand traders and look for a...

An Execution broker. They show the order to their other customers and look to cross the order. They charge a commission to both sides. Bob

Most firms look at stock price. I'm not sure what the margin cut off is, but I believe stocks under $3.00 are not marginable.

This is a common procedure for short rates. They move up and down based on supply/demand every day. No one will offer you fixed rates.