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We have not had this topic come up in along time. What is the purpose and using up cash with a debit balance on the long side and paying short stock fees on a boxed position, with no way to make money?

That is not what a family office typically does. They allocate toward managers, private equity and/or real estate. They build long term wealth and do not generally "trade".

The very wealthy pay people to manage their money. I don’t know how else to explain it to you.

The very wealthy generally place money with A family office, asset managers, hedge funds, CTAs etc. I doubt there are very many multi billionaires out there that wish to day trade or invest on their own. And, if they do, I think they’re more likely to go to a large bank e.g. Goldman Sachs.

I find it interesting that you choose this stock to sell a straddle in as someone that has not done much of it before. Did you decide the option were too high or just wanted to try it? Why NIO?

I would say for listed stocks yes, for OTCBB, no. We offer locates from both our clearing firm and from a third-party that have a fee. Between the two, our client seem happy with the results.

#1. Yes, on a case by case basis. #2. Our option rates are on our website. https://www.lightspeed.com/pricing/commission/ The big difference in our option rates are that we offer both an option smart route and on some software the ability to target an exchange. Our Option SMART route avoids the...

Do you have time and sales for that option? Does it show the National Best Bid) NBB at that time?

In the demo, you can route to SMART routes and DARK pools pre and post-market that will be rejected in live trading. And, not all routes and order types are enabled in demo. The purpose of the demo is to learn and get accustomed to the functionality of the software, not simulate trading or be a...

Whether you primarily trade equities, options, or futures, Lightspeed offers a platform that suits your style. Visit our website to learn more about our platforms’ capabilities. Please say you heard about us from Elite Trader. Feel free to contact me at any time with questions regarding our...

That is true. But you can do a few.

I'll make the argument that modifying your price with a hotkey or hot button is faster, but you should use the tools that work best for you.

We do not recommend WIFI. But again, you have no control of the route your internet provider takes to the destination. I'm not talking about upload, download speed. That is important for data movement and a stable connection. It is like some allow you to drive from NYC to Boston on two highways...

As much as I would like to bash other brokers, you can't assume the slowness is a result of their trading software or routing. In many cases, it is the path your internet takes to the data center. I have seen delays from the middle east on some users and from other, very little. One test showed...

I think our servers for Lightspeed are at NY4.

We use third-party, professional level software, that the providers charge for, and we pass through the cost. We only offset the cost of the trading platform for LightSpeed Trading with your commissions from the prior month.

If you email me directly, not private message, I will give you the list of items that the express version does not have versus the pro version.

Sterling Trader Pro does not have a DOM ladder but Realtick does. https://www.lightspeed.com/trading-platforms/realtick-pro-and-express/realtick-platform-features/

We do.

The volume is not a problem in liquid symbols like SPX but the price matters more. A market maker will only trade with you at that time and price if they see an advantage to their values. In fact, they prefer a larger size.