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This will depend on your software and your activity level. If your software requires live trade to enter trades like ours, this won't work. If you are active, not knowing the current market, especially for options, can cost you more than the data feeds.

You can't open a PMA with only $10,000. That said: Cash and Reg-T will require $10,000 or 100% of the net purchase price. PMA will shock the portfolio by 15% and require that loss as your margin requirement or whatever that clearing firm/broker requires as an add-on in addition to the OCC TIMS...

Interesting. You can try. If you answer the NYSE questionnaire honestly, it would be a pro market data account.

That will not work. Any entity is considered pro market data by the exchanges.

Futures are different than securities as not all margin calls have to be met with cash. At end of day, the FCM, calculates margin. They issue a call which must be met with reduction or cash. The CME requires that call be met the day of the call or requires the FCM to put up money. The FCM will...

In his example, that is not what he asked. He asked what happens from early assignment from a vertical call spread. That means you end up being long call and short stock, which is a hedge position with a limit to losses, but in a reg-T account, an increase in margin, that cause a call. Your...

If I have a margin call but have not lost money, why would I prefer my broker to liquidate my positions with a cost to my money if I can do it myself?

No. Each Broker has Written Supervisory Procedures (WSP) that determine what they must do. Institutional brokers tend to give more leeway in their WSP. Large Retail brokers find it easier to manage with automation.

Because it is not required. Regulation only requires that you meet your call. Risk is a concern of the clearing firm and your broker. If there is little risk, why would I need to liquidate an account if the client is compliant . What if you were to wire in money the next morning to meet the...

1-Yes 2-Margin call-exit the position the next day-(Hope you don't have a broker that will do it for you)

Not 100% sure what you are asking maybe this helps. We are Introducing Brokers to Wedbush Securities and provide a variety of solutions for small and medium-sized Hedge Funds, CTAs, CPOs, Trading Groups and Active Traders. We offer both futures and securities accounts. We focus on US listed...

You took liquidity. We offer Smart routing to avoid take fees on equity option spreads on many platforms including Sterling Trader Pro.

I would not describe it that way. You have a choice when you open an account. Go direct to the clearing broker or through an introducing broker. We offer choice of software and provide our own service and support. When you go direct to a clearing firm they only offer their services and often...

Not if you don't purchase a third party locate. In general, locates are free.

I suggest choosing the worst price you will accept. Enter an order better than that, then slowly cancel/replace your order until you hit your limit looking for liquidity. There are option MM that monitor the complex order books looking for edge to their values. From time to time you might even...

There are 15 US option exchanges each with their own bids and offers that make up the NBBO. When you enter a Complex spread, you should not use market orders and you can't assume some market maker wants to match a few small orders on different order books on different exchanges. It is your...

Can't believe this got to 11 pages.

speedo is correct. Futures are protected by the segregated account structure and don't have any insurance that I'm aware of. I wish after MFG that the NFA created one and set aside some of the NFA fee overtime to fund it. Instead, they dropped the fee from $0.02 to $0.01. Even $100,000 per...

We don't offer FX, only CME FX futures.

It is NEVER up to the Clearing firm. If there is a SIPC event, SIPC over sees the transfer of your assets to another clearing firm.