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Thanks for the list, very interesting. What are the ballpark minimums for the mini-PBs?

That's actually why I ask -- I recently became a platinum member and ... am not sure why. If anything, I use them less recently than I had before.

Anyone know what are the requirements for ETrade platinum? And what about the better tiers above that?

For swing trading purposes, I'd like to place stop orders but unlike daytrading, I don't need them filled quickly; I'd rather have them filled at a good price. A big market order, especially near the open if there's a gap would have terrible execution and for the limit orders it's hard to know...

FWIW I succeeded in opening an account with BofA but then, about a month later they froze and closed it with a "we shouldn't even have opened it; we don't want to deal with that industry" and I couldn't quite figure out why. I'm guessing it's some AML concerns because otherwise, this seems like...

Do you support US clients?

Right, that's what I've been doing; however I'd now like to open another bank account in the partnership name and am looking for banks who are a) willing to open accounts for trading partnerships and b) have somewhat decent service / fees, hopefully relatively low wire fees.

Hi guys, I've been trading on my own for a while and the have found enough success to persist. However, for various reasons, I'm not trading using my personal account but instead, using an LP entity, kinda like a mini hedge fund (though it's just my $). For some trading-related reasons, I...

Typically brokers don't provide historical tick or bid/ask data. The start date is 2013-09-13. As a note, the feed is *massive* so you really want either processed data or to use a data provider which is co-located so you don't need to transfer it over and has software to process it quickly...

Try QuantGo. It's "renting" data, where you pay for a monthly subscription and can only use the data on their servers (AWS machines) but their prices are very reasonable compared to the tens of thousands historical options data tends to cost from most vendors. Options TAQ is $350/month with a...

Lightspeed offers DMA routing where you can directly pick the exchange your order goes to. They also offer algo routes like CS, etc but if you don't want your order sent to CS, don't use those routes.

What about Lightspeed? I noticed you guys offer direct routing for individual options but I believe only SMART for spreads -- if I submit the options order with you, would it hit the exchange's COB?

Whoops, just posted a reply that was dumb because I thought it was a different thread; deleted that. A 4th option, somewhat like _eug_'s 2nd but more frustrating is that someone's algo posts a bid/ask at the *same* price as you -- not even better -- but at a different exchange. Ugh. Using a...

It depends on the order type but assuming it's as vanilla order, it'll rest at that price and shrink the spread unless there's a hidden order already resting at that exchange at a crossing price. Some order types (provide liquidity only, for example) wouldn't match against the resting order...

What are internalization and best execution obligations for US equity options markets? If I submit an options spread / combo order, is the broker / market maker obligated to route it to a public exchange as a spread order or can they just sit on it until it's marketable? My concern is that...

As far as borrow availability, Lightspeed's free Wedbush locates are much worse than IB. Velocity locate availability is much better than IB, with the caveats that it's expensive and Lightspeed/Wedbush prohibits shorting of stocks on the SHO threshold list, which are often the best shorts. IB...

I don't know of a shop for you but the math on your economics doesn't really work well. You're saying that you can earn 5% a month and want 80-90% for yourself. So if I'm your prop shop, I earn 10-20% of the 5% = which is about 6-12% a year. In return, I need to backstop your strategy which...

You can put in a locate request via email too, though the fact that it's 2017 and Wedbush locates require emails or phone calls is absurd. Just like jbusse, I mostly avoid Lightspeed these days because the locate process is annoying and slow compared to IB, ETrade and almost anyone else.

zderg, I agree (mostly) and if you look at my posts, you'll notice that I never said anything about rates, just about borrow availability. I'm currently using a couple of brokers (IB & ETrade) which have reasonable availability but want to add more HTB inventory to the mix when those brokers...

Yeah, I know what you guys mean -- writing down the list of red flags for the original post definitely caused me to reflect on them some more. That said, perhaps people who've used them can share their experience. Shorting crap stocks is a tough segment to find good brokerage for -- a lot of...