ISE is OK so far and I don't mind to get elecronic membership for $500 or so a month if they provide better margins for stocks and index options but they got to follow the Cboe margin rules.This is the main reason so far to back me away from ISE and if BOX is going to provide better margins I don't mind to buy electronic membership for the exchange if they are going to have any like ISE.
BOX - Boston Options Exchange
- Thread starter def
- Start date
Nice comment. And why do you think us "retail" guys don't feel sorry for you when they bust your trades? Good luck trading at the Box. I'll bet you'll miss Raes. We will soon miss it too since you've ruined it for us and they're changing Raes to have size in the near future... just stay away from CboeDirect.
If you really are a "retail" guy, please be careful. You must realize options (as currently structured) are heavily rigged against you. Options have the potential to be a great trading product, but the playing field needs leveling.
Just say no to a few option trades a week and see
how your bottom line improves.
P.S. You should feel sympathy for the victims of
arbitrarily busted trades. When you finally win one, I hope they don't decide to make you their next victim.
Just say no to a few option trades a week and see
how your bottom line improves.
P.S. You should feel sympathy for the victims of
arbitrarily busted trades. When you finally win one, I hope they don't decide to make you their next victim.
def
Sponsor
navigator,
sounds to me that you prefer that retail have some kind of priority.
Granted I work for a market making firm but if I show a price on a screen and I'm the first one with the price, why should a retail order jump ahead of me? The market maker takes the risk of providing the liquidity, at least they should be able to participate on their prices.
IMO, if retail orders get preference over "professional" flow, wouldn't that be an incentive for the professionals to make wider markets? In short, first come first served is best for all parties IMO. A true level playing field should lead to tighter and more liquid markets for all parties.
sounds to me that you prefer that retail have some kind of priority.
Granted I work for a market making firm but if I show a price on a screen and I'm the first one with the price, why should a retail order jump ahead of me? The market maker takes the risk of providing the liquidity, at least they should be able to participate on their prices.
IMO, if retail orders get preference over "professional" flow, wouldn't that be an incentive for the professionals to make wider markets? In short, first come first served is best for all parties IMO. A true level playing field should lead to tighter and more liquid markets for all parties.
The CBOE had a rule approved months ago that would allow the DPM to not have to honor any "excess volume" on the same side as small customer orders. They can now turn this function on and traders will only be able to get what they see (in terms of volume). I'm totally ok with this as long as we have continual access to these orders.
I can understand why the CBOE has this rule as it is there to protect the DPM. However, with this rule, we should now be able to trade against their customer order book when the market is locked/crossed. I have yet to see this.
I can understand why the CBOE has this rule as it is there to protect the DPM. However, with this rule, we should now be able to trade against their customer order book when the market is locked/crossed. I have yet to see this.