Search results

The OP’s question is valid because of the retarded way IB margins vertical spreads. Even though his max risk is $50 IB marks to the bid/ask on the spread.

The margin requirement for vertical spreads is totally nonsensical at IB. If I have a bull put spread on ES at Sell 10 Puts 2700 Buy 10 Put 2650 the most I can lose is 50 pts x 50 x 10 but IB calculates i initial margin at 72 x 50 x 10 and maintenance at 57 x 50 x 10. Retarded. I have yet to see...

IB has a fairly large PB service now. Any legitimate fund or major trader in the energy space (eg Bone) uses webICE (or its replacement once it gets out of beta) so how does that work with a shop using IB as PB? Give up agreement and use another broker that has webice to execute and IB just...

How is living in Madrid, Spain useful at all for minimizing taxes on trading profit? Spain's taxman is almost as bad as France's and the Beckham Law doesn't cover cap gains.

Eh not everyone on ET is a retail trader. Plus it used to be free so maybe someone found it to be worth the nut they want to charge now.

Anyone here use Genscape for Phys Natural Gas? Specifically the map product NatGasRT?

Well... other than not being able to print my goddamn confirms out not much has changed. Though I don't recall the bal day closing on Friday at 6 PM when it was swaps?

Yes, we use all the voice brokers as well as energy match, but I'm talking about the intramonth swaps

Oh come on, no one is going to voice broker a bal day. I could see what you're saying for a monthly but intramonth?

Sure, I wouldn't recommend it to someone not familiar with the market, but if Joe Schmoe wants to try his hand at power and hand over his money, so be it...

So for example for G/WH unless I'm watching it every second of every day, because it's so thinly traded I have no idea if there was even a bid or offer out at any point in the day. Same for most other locational spread swaps. Also if you want to put on a big position you may want to do it...

PJM WH Bal-Day NYISO G DA next day/PJM WH RT next day etc...

If they do this right, and make the power futures just like any other product on ICE Futures US, liquidity and volumes should increase drastically which should offset any loss ICE will have from the fees for using their proprietary trading platform (which is a POS). You'll start to see many...

It really annoys me that when I chart on the ICE platform I can't see the historical bid/asks, and there is no historical level II equivalent. Makes it hard to see historical liquidity.

I honestly don't see how this will fly. https://www.theice.com/publicdocs/futures_us/exchange_notices/091312ExNotEnergyMemberhip.pdf If IB becomes an energy member, why wouldn't they be able to electronically broker the power futures. ICE would basically then be calling the power swaps...

I emailed the Director of Operations from ICE: Me: OK, still unclear to me, maybe you can help clarify. The “energy” membership notice seems to imply once the power swaps are converted to futures, they will be treated in the same manner as other ICE Futures US Products. For...

Hey bone, can tt trader store and graph historical bid asks for webICE data? It's annoying when I'm outside of trading hours on webICE and I want to see where there the bid ask spreads were during the day for a power swap, I can only graph trades...

Thanks for the info. Do any of the prop shops also have membership in the ISO's/RTO's? The second half of the equation is ISO/RTO trading, e.g. virtuals. There was a huge uproar from the virtual traders when the FERC changes for the minimum capitalization came out because many of the...

OK, sent him a PM. I think if everything is cleared the requirement is lower from ICE, but there is still a ~$1 MM Tangible Net Worth requirement from the ISO/RTO's.

I know bone has said he's traded PJM WH swaps at a Chicago prop shop, anyone know which one? TransMarket? Still find it really odd that there don't seem to be prop shops participating heavily in prop power trading, especially with the Volcker rule coming into effect. The biggest benefit of...