Search results

  1. Robert Morse

    Are there any Fee-Rebate programs for high volumes of equity options?

    We always pass through the cash-settled index exchange fees. On Lightspeed Trader they are flat fees as we do not track them on that software. On Sterling Trader Pro, Realtick and Silexx, we track exchange fees and offer a SMART route which avoids option exchange fees on other options symbols...
  2. Robert Morse

    Are there any Fee-Rebate programs for high volumes of equity options?

    Hi d0rian - The CBOE provides volume discounts on their CASH settled index options IMO because they have a monopoly on them so there is no way to avoid those exchange fees. On some of our software, you can avoid option exchange fees by using our Option SMART route for equity options. We will...
  3. Robert Morse

    Basic ETF question

    Read about Creation/Redemption - https://www.etf.com/etf-education-center/etf-basics/what-is-the-creationredemption-mechanism?nopaging=1 . If the basket of stocks is being sold in the equity markets, an authorized participant (AP) can buy that basket below the NAV of the ETF, they do that and...
  4. Robert Morse

    paid locates

    We have both. The free locates from Wedbush Securities and the premium ones from Velocity Capital.
  5. Robert Morse

    Setup for non-US traders that want to invest and trade in the US: US LLC owned by an offshore corp

    Correct, we do not offer REDI nor do I expect we ever will.
  6. Robert Morse

    Setup for non-US traders that want to invest and trade in the US: US LLC owned by an offshore corp

    That is awesome. Redi was built by Spear Leeds and Kellogg (SLK) I was one of the first users. GS bought SLK and used Redi exclusively until they spun off REDI a few years ago. It was then bought by Refinitiv. The user base is largely institutional, which does not mean "better."
  7. Robert Morse

    Why is Silver (/SI) futures margin requirement so high? $18,700 on ToS?

    Did you even think to look at the CME margin? Maintenance Margin is $17,000/Futures so Initial is $18,700. https://www.cmegroup.com/trading/metals/precious/silver_performance_bonds.html#sortField=exchange&sortAsc=true&clearingCode=SI&sector=METALS&exchange=CMX&pageNumber=1
  8. Robert Morse

    My broker allow sell stocks that i dont have (is not a short sale) - can brokers create stocks ?

    One cash account with the money you are willing to risk would work better. Having 5 is just silly if they are all equity cash accounts under the SIPC limit. I could make an argument for 2.
  9. Robert Morse

    My broker allow sell stocks that i dont have (is not a short sale) - can brokers create stocks ?

    I’m not sure how to reconcile your comment. You sent an order when the markets closed in one statement, And claim to see it in a level to display and another one said that none of them allow you to do it. If you’re using a US broker dealer, shorting is simply not allowed in a cash account, just...
  10. Robert Morse

    My broker allow sell stocks that i dont have (is not a short sale) - can brokers create stocks ?

    https://www.sec.gov/fast-answers/answerscashaccounthtm.html
  11. Robert Morse

    My broker allow sell stocks that i dont have (is not a short sale) - can brokers create stocks ?

    You can't short in a cash account and brokers can't create shares. If you had a margin account and sold short, they would borrow shares from another client or another broker to make delivery of the share you sold but did not own.
  12. Robert Morse

    Thinkorswin (tdameritrade). I cant use EDGX or BATS to send orders

    They offer one equity route to an Equity MM. You do not get to choose.
  13. Robert Morse

    Free Webinar - A 101 Guide to the Lightspeed Trader Platform

    REGISTER NOW! Wednesday, October 21, 4:30PM ET LIGHTSPEED CUSTOMERS CAN LEARN ABOUT FEATURES ON LIGHTSPEED TRADER Are you an active trader that is looking for a reliable trading platform? Have you requested a demo of Lightspeed Trader, but have questions? The Lightspeed Trader platform provides...
  14. Robert Morse

    Sterling API

    Yes. We have clients that use their API.
  15. Robert Morse

    Setup for non-US traders that want to invest and trade in the US: US LLC owned by an offshore corp

    I was not referring to a personal account. I do not care what country you choose as long as that country is not on a restricted list. I do not care if this is a corporate account or personal. We can do both. I thought I made that very clear, I'm sorry if I was not.
  16. Robert Morse

    Setup for non-US traders that want to invest and trade in the US: US LLC owned by an offshore corp

    Daal - I understand your concerns. However, based on your desire to keep Brazil as your country of tax residence, I do not see an advantage to your plan. On the current list of Sanctioned and High-Risk countries, Brazil does not appear. And if someone were from a country on that list, a US-based...
  17. Robert Morse

    Setup for non-US traders that want to invest and trade in the US: US LLC owned by an offshore corp

    I expect you can open Directly from Brazil without Complications.
  18. Robert Morse

    Platform

    Lightspeed.com
  19. Robert Morse

    Why Lightspeed?

    Send it directly to me and I’ll process it for you.
  20. Robert Morse

    E-Micro option stupidness.

    Overnight-You are comparing the ES with Micro and wondering why trade the smaller contract. I agree with that simple example that the ES is better but some have very small accounts and the risk or margin for the mini is too much. And when you compare the margin required to trade both ES and ES...
Back
Top