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  1. Robert Morse

    IB Initial Margin on ES is 22,000

    hafez50-With all due respect, the front month future is limit down 128.50 points. 128.50*$50 = $6425. If you were long 1 ES future, and your account equity was below $0, I could not liquidate you right now. Would you, with your money as the FCM, take less than the CME margin right now for...
  2. Robert Morse

    anyone uses polygon.io?

    trend2009-I'm not sure who your broker is and really what your needs are but we offer Realtick Pro with API. It is a C++ or C#.net API with clean data from the software and choice of ECN/Exchange/Dark pool/algo routes for equities and options. No need for another source of trading data, but...
  3. Robert Morse

    anyone uses polygon.io?

    What Asset Classes? What feeds do you need? What latency do you need?
  4. Robert Morse

    Trump says he has the right to remove Powell as Fed chair but hasn’t ‘made any decisions’ yet

    Congress wrote into the law that its governors, once confirmed by the Senate and appointed by the president, cannot be removed except “for cause,” like personal misconduct. https://www.nytimes.com/2019/06/20/us/politics/trump-fed-chairman-powell.html
  5. Robert Morse

    IB API Error 154 Orders cannot be transmitted for a halted security.

    You will have to compare your error code to The IB Docs. The exchange sends out a code like “H” or “T1” etc.
  6. Robert Morse

    IB API Error 154 Orders cannot be transmitted for a halted security.

    This is not an error but an exchange rule that requires a Compliance check to see if Markets are halted before sending an order.
  7. Robert Morse

    Nasdaq and Nasdaq BX

    Good morning stochastix- The ECNs with a reverse maker-taker schedule offers little incentive for professional traders or market makers to place limit orders on the book that add liquidity. Because of that, you will find they get less customer order flow and volume. You will also find that many...
  8. Robert Morse

    Neutral Trading Strategies don't work in these markets

    Typo while typing on my phone....same, never sane.
  9. Robert Morse

    Neutral Trading Strategies don't work in these markets

    Amex floor- I was an independent market maker trading mostly Options on Nasdaq stocks like AAPL.
  10. Robert Morse

    Neutral Trading Strategies don't work in these markets

    In 1999, I reduced my trade size as a market maker by about 75%. Same for most of 2000. My 2 best years by far.
  11. Robert Morse

    Neutral Trading Strategies don't work in these markets

    I’m not sure what you are saying. Crazy volume and activity is the dream of a MM. Add to that wider spreads and that’s a party.
  12. Robert Morse

    Pattern Day Trading

    That is a good point, but if he has limited cash, maybe the leverage on futures is not a good idea. Maybe a cash account for day trading options would work better. The is no PDT rule in a cash account and options settle the next day. You would only get 1X your excess equity and you can't recycle...
  13. Robert Morse

    Pattern Day Trading

    Hi Fast Eddie- Maybe this helps. When you apply for a margin account, to be an active day trader, the account Liquidating equity the night before must be $25K or more. If below, and you do more than 3 DTs on any rolling 5 days, you are in violation. Once you do 4 day trades, you must stay at...
  14. Robert Morse

    Sector Index....

    Bloomberg has great customer service, I would call them.
  15. Robert Morse

    Sector Index....

    Does this help- https://www.barchart.com/stocks/indices/us-sectors
  16. Robert Morse

    Stupid Etrade Sucks!

    Hi, HeSaidSheSaid-At Lightspeed, a division of Lime Brokerage, we do not offer free commission. What we do offer is choice of professional software, with choice of routing, choice of per trade or per share commissions and a service/support staff that answer the phone and/or emails. And, if you...
  17. Robert Morse

    Trading partnership potential conflicts

    This is not a problem. We can handle this. You just want to avoid self-trading. (One account enters an offsetting order at the same time and price) Email or call me to go over details.
  18. Robert Morse

    Eze EMS (formerly RealTick) Pro and Express – Are you losing access at your broker?

    At Lightspeed, a division of Lime Brokerage, we offer a number of platforms including Lightspeed Trader, Sterling Trader Pro, CBOE Silexx and Eze EMS (formerly RealTick). Without naming the Online broker, we are getting calls from Realtick users at that broker, that would like to continue to...
  19. Robert Morse

    Multiple linked accounts for different trading styles?

    At Lightspeed, a division of Lime Brokerage, we clear at Wedbush Securities and we can offer Master-Sub accounts. The master holds the cash and the sub-accounts hold positions and track P/L. If you are looking to verify your returns to manage others' money in the future, a second full account...
  20. Robert Morse

    Trouble selling MRO this morning.

    Is it one of those free broker routes?
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