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Thanks for the replies - that's what I figured and legal counsel in Toronto confirmed it. The biggest hurdle I'm facing right now is registration with the provincial body. The legal firm I spoke with advised me to complete the CIM designation and PDO exam to meet registration requirements...

Hi guys, I'm trying to decide whether or not I need to use a law firm to officially form an incubator fund for what I'm currently doing. Here's my situation. I've developed a strategy that I'm currently trading with a small amount of money (<50k). The account is registered under my...

Thanks for the links. In the first link the margin calculation is based on 20% - so I know that in the US their are brokerages that offer naked calls based on using 20% * the underlying in the calculation. I don't believe this is the case in Canada. So to clarify my question, does anyone...

It doesn't matter. I'm asking about the formula used to calculate margin for selling naked calls. The standard formula for equities (not index) is the underlying * .30 (+-) the amount ITM or OTM - the premium received. I'm just curious if that 30% is standard in Canada or if it's lower...

Is 30% * the underlying market value the standard for naked call selling margin requirements at brokerages (in Canada)? Are lower margin requirements for naked call selling available anywhere?

I would assume none of these firms allow naked equity with margin? Or maybe they do with a large enough deposit?

Quite the drop in RMBS stock price today, after they lost their antitrust lawsuit against Micron. Anyone care to venture a guess as to where RMBS stock price will head now? Continued selling or a bounce from here?

Hi Eric, Let me know what you find, I'm in the same situation.

Derek has not returned everyone's money. A friend of mine is still owed quite a bit... there may be a lawsuit in the works here...

I second that.

What is the best way to find out about IPO's about to start trading on an exchange? I would like to have this info before the market opens... I realize the NYSE will send this info out in an email if you sign up for it, but what about NASDAQ and AMEX stocks?

The 24th seems like an odd day to get paid to me... usually most prop firms pay out at the very end of the month or the start of the new month.

I was recently asked by my company if I would like to continue to be paid in GBP or if I would like to switch over to USD at the current equivalent rate. I expect to be with this company for the next two years or so, what has the better outlook from here - GBP or USD?

can you provide any more details? don't all of his traders put down deposits?

interactive brokers does not list the Oslo exchange on their list of exchanges unfortunately....

I tried the free trial of VPN4ALL, but it didn't help at all, still couldn't load Sterling. I see some of these VPN services offer port modification ability... would that be something to look into??

Yes, this is likely the case. This is not a cruise ship I'm on, and the network onboard no doubt has some security measures in place. I don't have much knowledge on VPN's - would a service like this http://www.purevpn.com/ be what I would want to try?

Has anyone traded from a cruise ship or any other type of ship that has a good internet connection? The ship I'm on has a fast internet connection (I can Skype etc.) but I can't seem to be able to load the Sterling platform I'm using... any hints on why this might be?

I'm interested in buying stock in a European company listed on the OSEAX but my broker doesn't have access to that exchange... which brokers would have access to the Norwegian market? I'm in Canada... would there be any issues with me buying European stock? I buy American stock all the time...

Thank you. I appreciate your feedback. This link from OpenECry was also handy: http://www.openecry.com/traderstoolbox/margins.cfm