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Looking at the Reuters article it had some key errors. The first is pointed out by the IB statement above. But moreso, it claims that MF had $70Mn in repo agreements....the real number was $70Bn (according to their own financials). I've now dug through MF, IB and Bank of NY Mellon's...

I could be wrong, but I put more stock in ownership when someone has built a firm from the ground up than when a guy (Corzine) is granted a large percentage ownership as terms of his employment. But people can be delusional when it comes to risk taking (look at LTCM founders borrowing to...

Trying to find that out. Looking into IB's statement of financial position as of June 30, 2011. Looking at Footnote 11: http://institutions.interactivebrokers.com/download/IBLLC_2Q2011_Unaud_Finls.pdf Similar language from the MF Global 10-K, Note 3...

Maybe this was already covered earlier in the thread...I don't have the patience to dig through 20 pages. But comparing IB's balance sheet with MF Global's, I get: MF Global - $18B in repo liabilities / $1.4B in equity = 12.85x Total assets / equity = 32.8x Interactive Brokers - $8.4B in...

It came back on within a minute or two, but data lagged and seemed latent

Anyone else have this problem. Lost my data feed the same second of announcement.

He is undoubtedly trying to paint his book by getting a mark which is different from the market. Not ethical. Don't participate.

While cleaning out my office I came across three cassette tapes (yes, it's been that long since I last cleaned) - Larry Connors on Putting Together a Professional Trading Plan - Trading Connors VIX Reversals with Larry Connors and Greg Che - Kevin Haggerty on Trading Today's Markets (ok, no...

Can anyone else confirm that the problems were not resolved by close? I still have outstanding positions that I could get closed. Hedged off one, but left the other naked...

I am suddenly unable to cancel any orders with the NYSE (on Tradestation) is anyone at another broker having this problem -- sux b/c I have two partial fills and I'm trying to cover a position. I guess that's what backup brokers are for...

No, offers but not sold yet -- *BUMP*

Nexland Pro800 Turbo Dual WAN Router with AC Adapter and original CD-ROM For Sale. I no longer need the Dual WAN feature so I'm now using a single WAN router. $90 + 10 shipping (domestic US only) via USPS Transaction via Paypal.

Item has been sold, thanks.

Anyone else read through the S-1? Looks like 2006 NI available to common would have been $24.3 MM and they are looking to float 20 MM shares. That's EPS of 1.21 diluted (all of this is on page 48), so I guess they are looking at about a 20 PE on offering date. Sales growth CAGR was 22.4% and...

Really? So none of these courses offered by Columbia GSB would be of any help managing money whatsoever? Wow, I guess Julian Robertson, Mario Gabelli, Warren Buffett, Seth Klarman, Leon Cooperman, Jim Rogers and Joel Greenblatt are all wasting their time showing up as guest lecturers. If only...

I think you just have to pick your spots -- there are ways to make money trading, there are ways to make money fundamentally -- there is more than one way to skin a cat, period. Is a person an idiot because they pursued a CFA/MBA and took a high paying job? No. Is a person an idiot because...

Right -- CNBC and WSJ would be fretting over the "Bright carry trade" :)

I added this quote from Don to my prior post in which he basically says what you and I suspect: Haircut is risk fee, added to whatever Goldman charges/pays on debit/credit balances of cash.

I think that's your answer Mav -- "haircut" here is being defined as the amount in addition to Goldman's floating rate rather than an absolute 2%. No free money. From Don: "Haircut is risk fee, added to whatever Goldman charges/pays on debit/credit balances of cash. "

Probably -- doesn't like me undercutting his high-margin product....