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  1. Robert Morse

    OPEN A NEW ACCOUNT-Get up to $10,000 Cash Back

    Guru-We offer choice of software but there is no reason to be confused. Most of our active equity/option clients use Lightspeed Trader. Start with a demo of that. https://www.lightspeed.com/demo-request/. If that fits your needs, there is no reason to try them all. As for platform cost, many of...
  2. Robert Morse

    OPEN A NEW ACCOUNT-Get up to $10,000 Cash Back

    https://www.lightspeed.com/10k-2020/ OPEN A NEW ACCOUNT Get up to $10,000 Cash Back Open a new account and Lightspeed will rebate 50% of your equities and options commissions for the first three months up to $10,000 cash back! Offer available to new customers who utilize Lightspeed Trader...
  3. Robert Morse

    Direct routing options - rebates for adding liquidity?

    We do on Sterling Trader Pro, Realtick, and CBOE Silexx.
  4. Robert Morse

    dark pools

    What do mean by "low ADV"? We offer a number of dark pools. https://www.lightspeed.com/pricing/routing-fees/
  5. Robert Morse

    brokers with direct access (ecn) - any list ?

    We offer these routes on Lightspeed Trader. https://www.lightspeed.com/pricing/routing-fees/
  6. Robert Morse

    Are there any Trading firms to get around the PDT USA citizens

    No US registered Broker dealer can offer a customer account and bypass the PDT rule in a margin account. A cash account is not subject to PDT rules.
  7. Robert Morse

    Trying to understand T+2 regulations, example

    Sorry, I'm not going to read through their documentation and explain it. I'm not sure what you hope to gain by the conversation. Cash accounts require funds to settle before they can be used to buy more stock. Margin accounts do not require that. It is just that simple. Then you added a link to...
  8. Robert Morse

    Trying to understand T+2 regulations, example

    In any account, cash or margin, a stock transaction settles in 2 days. The buying clearing broker electronically delivers the certificate and the selling clearing broker in return sends cash. In a margin account, regulators allow your clearing broker to recycle your buying power before...
  9. Robert Morse

    Trying to understand T+2 regulations, example

    He asked about a CASH account, not margin. Not waiting for a settled position in a cash account is referred to as freeriding. https://www.sec.gov/fast-answers/answersfreeridehtm.html
  10. Robert Morse

    Trying to understand T+2 regulations, example

    On Tuesday you would not have any buying power because funds have not settled. The closed trades from Monday would be available for trading on Wednesday.
  11. Robert Morse

    Help understanding free riding rules for pattern day traders

    With any margin account, you do not have to wait for trades to settle. Stock trades settle in 2 days, but you do not have to be concerned. There should be no limit to the number of times you can day trade within your margin unless your broker has some limit, which would not be typical. CASH...
  12. Robert Morse

    Direct access brokers - Lightspeed, Cobra, Centerpoint....

    Lightspeed Trader Crossfinder Plus Access - see attached.
  13. Robert Morse

    ETF trading for new user

    Why European Investors Interested In US ETFs Are Turning To US Brokers: https://www.lightspeed.com/active-trading-blog/why-european-investors-interested-in-us-etfs-are-turning-to-us-brokers/
  14. Robert Morse

    Direct access brokers - Lightspeed, Cobra, Centerpoint....

    SEC/FINRA have a strict definition of DMA for both equities and options. I'd prefer to chat about this offline.
  15. Robert Morse

    Direct access brokers - Lightspeed, Cobra, Centerpoint....

    They do not take small retail accounts and we take both. And on some software, we offer DASH Option algos and routing.
  16. Robert Morse

    Direct access brokers - Lightspeed, Cobra, Centerpoint....

    We offer these Market choices on Lightspeed Trader. https://www.lightspeed.com/pricing/routing-fees/
  17. Robert Morse

    What is your opinion about a broker which turns marginable stocks into non-marginable stock?

    I'd say this is an important risk management tool for brokers. A stock that closed at 157.17 that traded as high as 189.40, should be treated differently than a stock that trades in a 3% range. We have not changed it yet, but I would not be surprised if we do later today or tomorrow. We have...
  18. Robert Morse

    Transferring Data

    I use dropbox for personal data I use every day. By leaving the files there, it is held on my local PC but updates to the cloud when I save. That is limited in size, I have about 5.5GB. That is free. Then I pay about $12/year for Icloud for basic storage that I want to access but not live like...
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