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If one is going to write a trading system in PHP, I suggest using a brokerage with a webservice API rather than a direct FIX one. I've written PHP trading scripts for: Junotrade: http://www.junotrade.com/index.php/buy-stocks/web-api-documentation TD...

So are you saying that this is not a technical glitch? I looked up the term "shading" the practice of brokers manipulating prices seems to be common. (http://www.investopedia.com/articles/forex/09/price-shading.asp) However, it makes no specific mention brokers creating a negative spread...

I've been noticing that at certain instances the ask price is less than the bid price. What does this mean and is it a regular occurrence? Or is it a glitch in the quotes that I am receiving?

I'm new to short selling stocks and wanted to know some of the technical order execution concerns people have faced. I understand the fundamental concerns of short selling (i.e., unlimited losses, etc). Some questions I have are: - Have you had issues with a brokerage having enough shares to...

I'm new to short selling stocks and wanted to know some of the technical order execution concerns people have faced. I understand the fundamental concerns of short selling (i.e., unlimited losses, etc). Some questions I have are: - Have you had issues with a brokerage having enough shares to...

Say we are talking about a stock with a small spread and you want a quick turnover. In a long position, you are buying at the ask price and selling at the bid price. So are you saying that in a short position, first you sell/borrow at the bid price and buy to cover at the ask price?

I have a rather elementary question that I am almost embarrassed to ask. What is the actual price paid when you short sell a stock? Investopedia says that when you short sell a stock ( http://www.investopedia.com/university/shortselling/shortselling1.asp ) that you are first borrowing it...

I found some links on the subject, but some seem a bit convoluted if you are not a tax accountant, IMHO. http://www.tradejuice.com/traders-tax/using-legal-entity-ta.htm http://homepage.mac.com/jmpullara/.Public/Downloads/LLC_Issues-AFB.pdf http://www.traderstatus.com/whyanentity.htm...

Yes, I was imagining that is what one would do.

True. But say you owned 100%. If you didn't want to accept the profits for a given year, you can defer them for a later date that may be more beneficial.

Likewise, I'm not tax expert either. I suppose you'd only be able to deduct commissions and possibly any losses that are realized. I think the benefits would arise from being able to defer taxes on gains by keeping them as retained earnings within the LLC. So if one wanted to retire in 10 or...

Could people discuss the benefits and drawbacks of opening a stock brokerage account as an LLC? Wouldn't personal funds provided to the LLC for trading be tax deductible business expenses? Wouldn't all retained earnings be tax free until distributed to member(s)? So one could essentially...

I think I just discovered a new API, and one that supports XML! E*Trade just launched their API in April at https://us.etrade.com/e/t/activetrading/api This is great because I was looking for an alternative to TD Ameritrade's API.

Let's just say that I need the API to work easily with a web browser.

Essentially, an XML based API is platform agnostic and can even be accessed through a common web browser. Most of the other quote API use sockets and cannot be easily utilized from a web scripting language (i.e., PHP, ASP, Python, etc) but must be processed via a more sophisticated language such...

I mean an XML API for quotes, not for trade executions.

All the links are to services that provide delayed quotes or live data from a single exchange (i.e., BATS for Yahoo).

This would be to trade. I would probably need to evaluate 1 to 10 symbols per request. L2 is not a requirement. I wanted to see if there are any API alternatives to TD, free or not.

Does anyone know of any place that offers real time stock quotes via a XML, REST, or SOAP API? I don't mind paying a small fee and it can be either Level I or II quotes, just as long as the bid/ask prices are representative of the market and not just from a single exchange. TD Ameritrade...

Someone already asked a similar question of whether the source code must be shared. The response was: Of course, no. You dont even need to send us source code files (MQ5). Instead of this you may send already compiled EX5. The whole security system is made in the following way: two man in...