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  1. Robert Morse

    Why is bitcoin futures allowed when bitcoin is unregulated?

    CFE Bitcoin update. The margin requirement from the CFE will now be 44% of the daily settlement price. It is basically a moving target as it was lower before. Wedbush will allow trading in this but at 2X the CFE requirement. BTW, the CFE Future is for one Bitcoin and the CME will be for 5! I...
  2. Robert Morse

    1.4t tax cut, does it affect short-term gain, in other word your gain

    I was hoping the election was fake news. I can wake up anytime now.
  3. Robert Morse

    Customers of Interactive Brokers file class action complaint over management of portfolio margin acc

    I was told by a member here that they lost 7 figures from a liquidation of leaps. It was system error. Why would anyone want the broker to act without the opportunity to reduce yourself.
  4. Robert Morse

    Why is bitcoin futures allowed when bitcoin is unregulated?

    learner88 The "underlying" is a based on a real time index with an end of day Reference Rate. It is also cash settled. Going to be crazy the 1st week.
  5. Robert Morse

    User-Defined Exchange Traded Option Strategies - CQG v. CityTrader, ADM versus Wedbush

    How is this for easy. take me less than 30 seconds. Then RFQ, then enter order.
  6. Robert Morse

    1.4t tax cut, does it affect short-term gain, in other word your gain

    That is because the tax bill is fake news! :confused:
  7. Robert Morse

    User-Defined Exchange Traded Option Strategies - CQG v. CityTrader, ADM versus Wedbush

    CQG supports RFQ in CQG Integrated Client, CQG QTrader, and the Client APIs. RFQ functionality allows you to request a quote directly from participating exchanges to assess the market and manage risk prior to placing a trade. That is new. I did not know that. Thx Bob
  8. Robert Morse

    User-Defined Exchange Traded Option Strategies - CQG v. CityTrader, ADM versus Wedbush

    CME Direct will still be free, but they will start charging professional market data fees in Q2, 2018. They will offer rebates based on volume. If you only trade one exchange, it is not bad. If you trade a few, it can add up. I would not rule it out as the policy can change. Only City Trader and...
  9. Robert Morse

    Customers of Interactive Brokers file class action complaint over management of portfolio margin acc

    All margin accounts have risk. PM accounts have more than reg-T. Each clearing firm needs to make a business decision as to what they want to offer and when commissions and fees are worth those revenues. If you want to be the business of offering margin accounts, you have to have some...
  10. Robert Morse

    Customers of Interactive Brokers file class action complaint over management of portfolio margin acc

    I can't say I'm an EXPERT at PM. That said, I do have a very high level of knowledge of PM as I worked on a software project at my old firm building a Risk/PM calulator. I was the beta tester looking for accuracy and errors. I looked through the FINRA FAQ and the OCC website. I can't find any...
  11. Robert Morse

    Customers of Interactive Brokers file class action complaint over management of portfolio margin acc

    One more thought. Since every client agrees to litigate through arbitration, I don’t see how this goes anywhere without a criminal case 1st by FINRA and the SEC.
  12. Robert Morse

    Reaching midpoint

    In options with wide spreads, I like the idea of having an ultimate limit and "walking the order up or down until I get there with a cancel/replace. I never just look at the midpoint and make any assumptions. I always exam the midpoint to see if that value makes sense. The midpoint often...
  13. Robert Morse

    Customers of Interactive Brokers file class action complaint over management of portfolio margin acc

    I find this comment confusing. I placed a position of short 1000 VXX into the OCC PM Calculator and the result was a 15% shock. And, if the symbol were not PM eligible, it would not be in the database. It is also unclear to me how, if the "class" is certified, were the clients harmed by...
  14. Robert Morse

    1.4t tax cut, does it affect short-term gain, in other word your gain

    What did they do to the cap gains rate?
  15. Robert Morse

    Opinions on Interactive Brokers?

    Web trader does not have a spread ticket. All our other software have spread tickets with much lower mins. Best to speak on the phone to go over choices for each new client.
  16. Robert Morse

    Open Auction Executions

    Yes but the open does not have to be exactly 9:30:00 a.m. ET. I could be wrong, but I'm not aware of that rule and why a specialist can't delay an open by seconds.
  17. Robert Morse

    NYSE Executions after Close

    Extended hours on NASDAQ, ARCA etc.
  18. Robert Morse

    Open Auction Executions

    Where does it say that?
  19. Robert Morse

    User-Defined Exchange Traded Option Strategies - CQG v. CityTrader, ADM versus Wedbush

    Q2 2018, CME Direct will start charging Pro market data fees on their software with the possibility of getting a credit for volume. That will cost $105/CME exchange. They decided to target less retail traders and more institutional. Too bad. http://www.cmegroup.com/trading/cme-direct.html ADM...
  20. Robert Morse

    Opinions on Interactive Brokers?

    d08, I'm not following your issue with these fees, These are regulatory fees charged to the account holder for transactions. Why would you think it is fair for a business providing a service to you to pay for your fees?
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