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  1. Robert Morse

    Two Sided Retail Market Making for Options

    This only applies to Options.
  2. Robert Morse

    Two Sided Retail Market Making for Options

    This is a restriction from being a priority customer. Priority Customers displace firm and market maker orders. If you are competing with them, they want you to either register as a BD and be regulated or be a professional customer. Pro-customers can make two-sided markets but then even that is...
  3. Robert Morse

    Frequent cancelling of limit orders

    It would be better to create an add only order with a limit.
  4. Robert Morse

    Trading brokers and software

    On Lightspeed Trader, you can use NASDAQ or ARCA to trade from 4am to 8pm ET. We accept foreign accounts on a case by case basis.
  5. Robert Morse

    Interactive Brokers and their ever changing margins.

    If you want to discuss the cost of the gateway and your trading, I will only do that on the phone or in a private email. I'd prefer a call.
  6. Robert Morse

    Interactive Brokers and their ever changing margins.

    We offer the Lime Trading Gateway: This is our only ultra-low latency offering. This is in a hosted environment at the NJ data centers but we can provide VPN access without hosting. This is not a retail offering. Uses C++, Java and FIX. https://www.lightspeed.com/automated-trading/#ltg_ots
  7. Robert Morse

    Interactive Brokers and their ever changing margins.

    please define for me "sockets interface."
  8. Robert Morse

    Interactive Brokers and their ever changing margins.

    Hi Craig66 - Although I like answering many of these questions publicly since I provide my direct email, I'm often surprised at the questions asked this way. We still use the OCC TIMS calculation for PM margin for day trading and add 20% to that for overnight positions for accounts under $5mm...
  9. Robert Morse

    Order popup window in Lightspeed Trader

    Not sure why you want to do this on ET. Your salesperson would help you. When you create your Hotkey or hot button, hit the pop-up button.
  10. Robert Morse

    ‘settlement’ principle?

    No. Futures do not require a 2-day settlement process. There is also no Pattern Day Trading Rule with Futures.
  11. Robert Morse

    Mark To Market?

    The -$196.70 says Start of Day unrealized P/L which looks like your loss from day 1. I do not see anything wrong.
  12. Robert Morse

    Mark To Market?

    You posted this once before and I still do not understand what your broker is talking about. Is this a US-based SEC-regulated BD? From only your information, your gross lose was $182 on day one. That does not include any fees. That is if the close on the primary exchange was $19...
  13. Robert Morse

    Experts in Sterling Trader Pro hot keys. How to configure these orders? Please

    Hi piyayo - I expect that Sterling can do #2 with a SMART SWIPE, see their online manual. They can also do #3, not sure about 4. #1, no. That is a conditional order and Sterling does not have those.
  14. Robert Morse

    Why do futures markets already have bids, offers, and net changes at 2:30 Sunday?

    These orders are part of the Indicative Opening Price (IOP) but are not tradable until the open. https://www.cmegroup.com/education/indicative-opening-price-overview.html
  15. Robert Morse

    How much do locates typically cost?

    yes.
  16. Robert Morse

    Strange behavior on trading platform

    On Lightspeed Trader, we report trades from alternative trading systems (ATS) with the market tag "ADFN". We do not have a filter to remove trades that are reported from any exchange or non-exchange. There are a lot of trades in dark pools and these ATSs, as you can see from this random screen...
  17. Robert Morse

    Anyone use CME Direct?

    Well, I did not say that. I do think it targets active options users but I liked it for futures too. I do not have an active futures account right now. At the time, I just joined Lightspeed and had more time on my hands. Now, I'm too busy supporting current clients and talking to prospective...
  18. Robert Morse

    Anyone use CME Direct?

    I used CME Direct a few years ago. I only used it for it's the ability to create options spreads that were not CME UDS and send out an RFQ-Request For Quote. I also very much liked the QUIKSTRIKE TOOLS. I did not like that it did not load or keep track of my positions, margin or P/L. Since...
  19. Robert Morse

    How much do locates typically cost?

    If a symbol is hard to borrow, and you request a locate from Wedbush Securities, our clearing broker, those locates have no cost. If you can't get the free one, we offer premium locates from Velocity Capital with a tool built into Lightspeed Trader. That cost can vary. Your range might be...
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