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The catch phrase is "Any person who does not hold herself or himself out to the general public as an investment adviser." To market yourself or get paid out of the trading account, you need to be an RIA.

http://www.flofr.com/StaticPages/DivisionOfSecuritiesFAQ.htm 2. What is Florida's de minimis exemption for Federal Covered and State Registered Investment Advisers? Florida's de minimis exemption for investment adviser registration is: “Any person who does not hold herself or himself out to...

There are some state exemptions for a small number of accounts. You have to check with your state. Where will your place of business be?

But what is your question?

I have client's that are RIAs. What do you need?

I did not look at your math, but the VX future is the underlying while the UVXY is a very poor replacement for it. Also, the VX future is $1000/point while the ETF is $100/point. If you have a futures account and are comfortable with the size of the VX, that us a better trading instrument, If...

Our LVX software has an options scanner. https://www.lightspeed.com/livevol-x-tutorials/ Bob

GloriaBrown, I think I missed something. Since REG-SHO and failure to delivers are typically executed on the open, what was the reason they give for your buy-in? The reason you give is not likely.

That is correct but the underlying and hedge for the VIX options are the proper future.

You should ask them. If they as a firm is registered with the NFA, you might need your 3. I doubt you need your 7 or any other FINRA exam for just futures, but that is up to them.

SIG is a great firm, but you have a better chance of getting into Harvard.

Yes, our retail rates are 7.5% down to 5%. I can do much better for institutional customers. The retail accounts that borrow have more risk and deserve a higher rate. They are more apt to go below $0.00 from trading small cap stocks and highly concentrated portfolios. Institutional accounts are...

We can't compete with margin rates with a self clearing broker. If you are a long/short manager, IB will offer better interest rates by far.

You can get that data from some websites like http://www.ivolatility.com/ and our LVX software has it right on the platfrom. https://www.lightspeed.com/livevol-x-tutorials/ I don't think VWAP provides that information.

On Sterling, Real Tick and Silexx, I can offer both Option DMA and SMART routes for the same cost. When you use option DMA for single leg orders, you would get the same $0.85 rebate on BATS with us, but our $0.60/option rate is lower than the $0.70 rate at IB AND, our rate includes the OCC fee...

4 posts in a row. I like the passion. I don't expect you to switch, I just want to point out that our equity rates are similar to IB's rates, our options rates are lower and so are our future's rates. https://www.lightspeed.com/pricing/commission/ I also will tell you that rates are not...

Why would you trade full time if all your profits come from one hour? I would keep the full time job and continue what you are doing. One more item, SIM trading is not the same as real. No fear and greed.

The October 6th calls/puts on the 117 line are very wide. Given that the Oct 20 118 puts are .30/.60, and the open interest on your calls is 35, and expiration is only a few days later, I expect there is a good chance you will get assigned. I would. This is just my opinion, that if I were long...

You provided a lot of information not related to the question so I'm not sure if this answers your question. To determine if an ITM call is worth early exercise to capture a dividend, you have to look at the value of the put on that strike. If you exercise early, you have cost of carry, the...

IB accepts PFOF in Options. I'm not judging it, just stating a fact.