Search results

You don't know that. The trade could be part of a spread. the trade couls have been inictaed by the buyer and sold by a market maker, or the reverse. The math is correct.

It is a conditional order but not a bracket order. I would call it a OTO-Order Triggers Order. I'm not sure if IB can do that without automation and an API, if you need multiple OTOs.

On my option exchange maker/taker fee schedule C2 in general provides the best rebates for adding on single leg orders. The BOX charges $0.05/options for public customers. https://boxoptions.com/fee-schedule/

MidwesternTrader, Welcome to ET. I like your process and wish you well. If I can help in anyway, let me know. Bob

The SEC/CFTC does not make this decision, The definition comes from the data provider. In this case, the ICE, CME or CFE. ICE gets around this by not having non-pro MD. All they have is pro market data or delayed.

Was this about non-display fees or market data fees in general? Thank you for the post. Bob

Do you have a 4 year degree? What broker will sponsor you for the 7? You will have to take a lot more than your 7 to make it as as advisor. You will also need your Series 66 and insurance exam. Then , you will need training to know more than your clients. Not a quick solution. Takes years to...

https://gdcdyn.interactivebrokers.com/Universal/servlet/Registration.formSampleView?ad=electronicTradingRiskDisclosure.html

This is the best argument for a back up account. Every broker has every client sign a disclosure saying these events can happen and you trade electronically at your own risk.

"I buy Microsoft " looks like a stock to me.

I have no idea. They told me they were surprised, but maybe the filing was not complete. The request was made by the OTC Markets Group. https://www.otcmarkets.com/home

I checked with Wedbush and the CME. Based on what you have provided me, and the sheet I posted, I expect you can get the non-pro excemption. Small company, one owner, one account, not a CTA etc. Bob

You should be offered either Level 1, aka top of book aka NBBO or Level 2 which shows what ECN or exchange are at each price level. For you, L1 is fine.

Based on Reg-NMS, it means you are still entitled to the best price available in the market at that point time, even if you’re market data that does not provide those order books. You can’t buy at 14.05 on the NYSE if EDGEX is at 14.04.

They might not be providing you full market data, only the primary exchanges without the ECNs. Ask them. They are not allowed to trade through the NBBO.

It will not apply to a foreign prop firm. A K1 is a partnership distribution of profits and losses. 60/40 refers to 60% long term capital gains and 40% short term or ordinary income, We have lower rates for long term here in the US.

You might get a better execution if you sell the future and the same strike put as a spread. That will likely have a tighter spread. Or, try both and see what does better.

It seems that the margin for an ES options that is close to 100 delta will be very close to being short the future. the future will provide tighter markets with more accurate marks. Also, in the event of a sharp drop in the market, you stop participating at some point. What advantage do you...

The old TradeKing.

If you get a K1 from a Broker Dealer, it should be 64/40. Ask them . Bob