"IB LLC" more busy than Timberhill w/ "counterparty" market making?

[cvds16]

Quote from urep:

A bank audit can prove that it has not lost all your money in the last year quite easily. If 10 years later it loses all your money then was their proof false for that day? Of course not. The same way someone can be proved to not be at a murder scene.

In the same way if IB undergoes independent audits that ensure IB trading desk does not trade based on of their customers info in the last year then that is verification and proof that someone skilled at auditing, examined the audit trails of IB's trading vs. customer trades and shows a lack of corellation.

How stupid can you get: do you think someone is going to check millions of trades done every week, with all customers accounts ?
Who is going to pay for that ? You ???? LOL

 

[fluttrader]

Quote from ssss:

Pure agnet of principal -

no proprietary trading desk ,no proprietary account,no income source from proprietary trading ,no the direct not through affiliate

read 10-k by www.sec.gov

for OXPS,AMTD,SWIM and compare with 10-k of GS,MER ,MS


" China Wall " -that is for propaganda .

Read good counterintelligence book ,as example

"Spycatcher" from P.Writher ,ex executive of MI-5

After that you would have more true point of view about "China wall" in GS,MER,MS

In each case ,as 90-95% of retail would loose through years

1.Not to trade
2. Play paper game contest with price money without entry
charge .
3. If win ,than prize money can be riskied with most reputable public noted broker ,pure agents
as OXPS,AMTD,SWIM .If you can not win ,no to start trading
Most of winner of different paper money contest have real money accounts. I.e. -they are better with high chance
in real money game as not winner .
4. In each case divide capital better 3 account with 2000$ each
as one with 6000$

5 .If win ,than make stop for month ,,clear head -
good eating with friends with bottle of Delamain

Only after that to new step ... ,which must be planned

Great fortune is in most of the case's rare -one -two time
in life .But for most it would not the case .

Your respectfully

Of course IB is not pure agent, why they have a size limit of 5 million for trading forex ?
Forex is not regulated, that's why they can impose a size limit for forex.
Size limit is to protect their forex dealing desk and they will only increase the size limit if they can make money of your order flow

 

[urep]

Quote from cvds16:

How stupid can you get: do you think someone is going to check millions of trades done every week, with all customers accounts ?
Who is going to pay for that ? You ???? LOL

I assure you I'm not stupid nor do I think name calling serves as a substitute for reasoned debate. If you can't conceive of the computational ability to track a brokers trades in their entirety (aka an audit), then you lack the basics necessary to understand what I've said.

 

[cvds16]

too funny, I used to work for a broker and I used to be a market maker, keep on dreaming ...

 

[urep]

Quote from cvds16:

too funny, I used to work for a broker and I used to be a market maker, keep on dreaming ...

I don't remember asking for your work history; nor am I concerned with such matters. If you wish to make a point or counter statement that helps further the knowledge of this discussion, then please feel free to do so.

 

[cvds16]

let me enlighten you: you don't know what you are talking about ...

 

[urep]

Quote from cvds16:

let me enlighten you: you don't know what you are talking about ...

Please do enlighten if you are capable. As background here is something I posted before by someone who has a verifiable resume as a former broker and market maker that supports what I'm saying.

This is a post from Bill Cara's blog 10.2.2006

{(Humungous Bank & Broker's) H B & B trades against the order flow of its clients, including the hedge funds. It's basically a no-risk business because the broker-dealers hold the collateral, analyze the holdings and the strategies, and use this all-important info for their own gains. And, in the futures business, for every gain there is a loss.

Would any casino player play 21 (blackjack) if the dealer's knowledge of all the cards on the table was a rule of the house? Would anybody play poker if one of the players knew in advance everybody's cards and how they would play them (and was the banker)?

I have been saying this for years but too few people listen. ... ... HB&B is the player that is keeping government regulation out of "their" capital market, and that's because they are the winner and everybody else the loser. But, except for the fact it is the People's capital market, they get away with it because the People have stopped thinking -- they've been brainwashed into believing that "our" market needs to be under the control of HB&B.}

This is from his Bio on the Blog:
{Bill Cara has extensive experience in the Canadian securities industry. He was the co-founder/CEO of Qtrade Investor (Canada’s leading online broker), founder and President of Security Traders International (offshore trading broker), President of William Cara Investment Bancorp (registered Ontario securities dealer), founder/CEO Canaccord Capital’s Eastern Canada Operations (Canada’s largest full-service independently-owned broker-dealer) and broker and portfolio manager with Dominion Securities and Dominion Securities Investment Management (now RBC).}

 

[tyrant]

Quote from urep:

Please do enlighten if you are capable. As background here is something I posted before by someone who has a verifiable resume as a former broker and market maker that supports what I'm saying.

This is a post from Bill Cara's blog 10.2.2006

{(Humungous Bank & Broker's) H B & B trades against the order flow of its clients, including the hedge funds. It's basically a no-risk business because the broker-dealers hold the collateral, analyze the holdings and the strategies, and use this all-important info for their own gains. And, in the futures business, for every gain there is a loss.

Would any casino player play 21 (blackjack) if the dealer's knowledge of all the cards on the table was a rule of the house? Would anybody play poker if one of the players knew in advance everybody's cards and how they would play them (and was the banker)?

I have been saying this for years but too few people listen. ... ... HB&B is the player that is keeping government regulation out of "their" capital market, and that's because they are the winner and everybody else the loser. But, except for the fact it is the People's capital market, they get away with it because the People have stopped thinking -- they've been brainwashed into believing that "our" market needs to be under the control of HB&B.}

This is from his Bio on the Blog:
{Bill Cara has extensive experience in the Canadian securities industry. He was the co-founder/CEO of Qtrade Investor (Canada’s leading online broker), founder and President of Security Traders International (offshore trading broker), President of William Cara Investment Bancorp (registered Ontario securities dealer), founder/CEO Canaccord Capital’s Eastern Canada Operations (Canada’s largest full-service independently-owned broker-dealer) and broker and portfolio manager with Dominion Securities and Dominion Securities Investment Management (now RBC).}

This thread requires a serious answer from IB.

And, kiwi trader, why is it that you always defend IB no matter what? I have read others saying you are a defendant of IB's interest. I was skeptical but looks like they MIGHT be right. Your blatant brush off is sickening.

 

[def]

Quote from tyrant:

This thread requires a serious answer from IB.

And, kiwi trader, why is it that you always defend IB no matter what? I have read others saying you are a defendant of IB's interest. I was skeptical but looks like they MIGHT be right. Your blatant brush off is sickening.

Tyrant, we've answered this before and can't be expected to answer the same question over and over on this message board. Timber Hill doesn't have knowledge or make trading decisions of IB orders. The order routing, speed, stats and disclosures along with client observations would make this clear to someone utilizing our software.

 

[fluttrader]

Quote from def:

Tyrant, we've answered this before and can't be expected to answer the same question over and over on this message board. Timber Hill doesn't have knowledge or make trading decisions of IB orders. The order routing, speed, stats and disclosures along with client observations would make this clear to someone utilizing our software.

Why you have a size limit per order of 5 million for forex if you are only the "broker" and do not take the other side ?
(a lot of forex bucketshops have size limits to protect themselves ,not the client)