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Same problem here, VOLARB

Ben "the inflater" will be remembered for completing the job Easy Al started. ...confiscating the savings of generations of hard working Americans

or at least ...the purchase / (partial ACATS transfer in )/margining of T-Bills

In the socialist tradition, by inflating he feels only "rich" people that have financial assets are harmed. People who worked and saved are of no concern. Deflation hurts "poor" people because they can lose their jobs as a result. If capital asset prices rise it doesn't count toward...

IBj your response is well thought out. There is however something that troubles me about auto-liquidation. If the programming to do so is well thought out everything seems reasonable. Suppose however, an erroneous quote or closing price causes a low-risk well capitalized account to be...

Its mostly about privilege. Many of us work outrageous hours, come up with creative ideas and earn relatively little. You could go to the same schools, hold the same degrees, score as well on any objective test, and your resume would go into the circular file. Goldman often repeats the "its a...

Deficit problems have now been all solved. We shall print! Inflation? What inflation? We have not been able to measure any inflation. :) Let's talk about how ugly deflation is. The Chinese will buy our long term paper. They now have a vested stake. They are not smart enough to hedge the...

IB's competitors have higher costs and will not be able to compete. IB should gain market share.

Inspector C. go bark at another firm. Those of us who actually use IB, know first hand from the thousands of trades we have executed over the past five years... that IB is simply the best deal out there. Great executions at reasonable prices. I have never experienced any monkey business...

Actually, this a good reason to choose IB over firms not offering real-time exercise. The ability to exercise in real time could reduce fund requirements, and in extreme cases actually prevent forced liquidations. Assignments are a batch process (overnight) from OCC.

Def, Consider raising commissions if bandwidth to Box (etc) is limited or incrementally expensive. The ability to cancel orders instantaneously is the key to successful options trading. Applying fees to cancels started as a cynical move by certain option specialist units. Make...

Guess they are now talking about one week delay.

What type of BOX access is IB planning to give its customers? When? BOX is talking about starting tomorrow. Any word on PIP orders, commissions, and CANCEL FEES ? Thanks

My option trading volume hit a 25 year low. Hopefully something positive will happen to the option business in 04. We need BOX and Eurex now!

This cap on Lloyd's potential liability would mean (that in the unlikely event this insurance would be triggered) there would be a proration if Lloyd's liability exceeded $150 m in aggregate. Interactive's capital is currently substantial. I believe the old insurance didn't have an...

Vega, I've been a MM on two of the floors for several years so I don't consider myself a newbie. I know MM's get picked off by upstairs firms (with knowledge of where the next few prints will be). That still doesn't justify not honoring quotes. When goldman comes into the crowd trying to...

"((The BOX is, to some people here, some sort of utopian exchange where the customers finally have the opportunity to get an edge. You are delusional, if in an absolute free-for-all you think you can make money when you coudn't make it in the current structure. If you can't decide on which is...

CBOE, AMEX, PCSE, and PHLX need to level the playing field for customers or fade away. Their reaction to BOX so far, has been to make investments in legal resources to keep the status quo. They treat customers with contempt. Even though BOX is far from perfect it is likely to force the floor...

After 25 years in this business, it has never been easier to enter orders, get reports, and any sort of information (or misinformation) I desire. Cost of execution has never been lower, I have never had more capital at my disposal, and my expectations have never been lower (Thanks to Sir...

It is very difficult to understand how the SEC can continue to sanction the outrageous behavior at the "listed option exchanges". Pay for order flow, charge for canceling orders even though there are no real costs involved and the ability to cancel or make orders contingent on the behavior of...