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Not even being aware of the BCSC proposal before now, would someone care to post the gist of their email along with the addresses to use for the BCSC and OSC ? This would be a great help.

Yes, I too heard that a local clearing operation was central to the problem. Too bad about NAFTA. I hope that IB doesn't lose heart because this sort of requirement has no place in our 21st century marketplace and the IDA Bylaws need to be updated accordingly. Hopefully additional pressure is...

I have recently been in touch with OSC senior management to register my dismay at the foot-dragging by the IDA on this. The OSC is aware of the situation. It apparently involves the IDA's Bylaw 35 the sticking point of which appears to me to be that IB will be forced to duplicate infrastructure...

I agree that having RAES executions on OEX options trading above $10 would be a big plus especially for the puts early in a new front month. The new ISE, assuming it gets SEC approval, may put some pressure on the CBOE to raise these limits if they siphon off some of the OEX action with better...

Archangel, I just talked with CBOE customer service trying to pin down RAES limits. They were most helpful and this is what I now understand with respect to the OEX and SPX. Both can be traded on RAES in maximum lots of 20 contracts. For the OEX the price must be no greater than $10 but for the...

ArchAngel- thanks for the input. My approach is to trade under 50 contracts at a price under $10 so I think most of the time the orders "should" go thru RAES. My hope is to speed up the front end significantly (my full service broker for example averages 3 minutes til I get a confirmed fill)...

I'm interested in IB and am trying to get a better feel for using their TWS (beyond the simulator)for day trading index options. Any suggestions/experiences on evaluating their system and service other than just opening an account and trading small size initially? I'm in Toronto and wondering...