limit to max spread?

Originally posted by def
Not at the moment, I knew of one guy in Fiji but I think the problems with the gov and infrastructure made him decide to move elsewhere.
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Trying to figure out what island's telecommunications can support arbitrage trading.
 
Originally posted by rs7

Knew guys that traded out of Vanuatu. Or at least they were incorporated there. They operated out of Monte Carlo. All about taxes on both ends. They tried Fiji first, but the govt. was not cooperative.

They set up a trading company in the US. (I unfortunately worked for them and got ripped off). What they did was set it up so that 95% of the profits from the American Corporation went to the Vanuatu corporation as a "consulting fee".

Sad story. Nice places though:)
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Not concerned about the offshore structure; just the countries infrastructure in regards to supporting our style of trading.
 
Metooxx,

Would you please elaborate on your statement: "missing parts of the game because you think you know the answer."

Are you merely trying to state that he should keep it simple, or am I missing something?
 
My interpretation - opportunity can knock anywhere.

Fiji - I may be well off base here but there might be serious concerns about the stability of the govt. They also get hit badly by hurricanes every now and then.

Tahiti, no clue.
 
I’ve successfully bought at the bid and sold at the offer on illiquid options with spreads like 0.15/0.35. It just takes patience, as in waiting a few hours.

Metooxx,

Do you guys make inside bids or offers on illiquid options to catch the unsophisticated traders? Or do you need lots of capital and computing power to compete with the MMs for these trades? Can you offer any tips or examples of situations where this works well?

Thanks!
 
Originally posted by StockApprentice
Metooxx,

Would you please elaborate on your statement: "missing parts of the game because you think you know the answer."

Are you merely trying to state that he should keep it simple, or am I missing something?
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Using as an example our esteemed colleague Aphexcoil remark, "Personally, if it doesn't trade more than a million shares a day, I wouldn't touch it."; he doesn't have a clue of what he speaks. He is with one sweep of his hand discounting all opportunities in 75,000 or so options because he thinks or has been told that you can not make money there.

And then he wants to apply ever deep strategy ever published, that everyone else is looking at, without the capital or technological edge necessary to capitalize on it ...
 
Originally posted by def
My interpretation - opportunity can knock anywhere.

Fiji - I may be well off base here but there might be serious concerns about the stability of the govt. They also get hit badly by hurricanes every now and then.

Tahiti, no clue.
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Def,

To restate, on your side of the world, what island paridise is most appealing?

Michael
 
Originally posted by prophet
I’ve successfully bought at the bid and sold at the offer on illiquid options with spreads like 0.15/0.35. It just takes patience, as in waiting a few hours.

Metooxx,

Do you guys make inside bids or offers on illiquid options to catch the unsophisticated traders? Or do you need lots of capital and computing power to compete with the MMs for these trades? Can you offer any tips or examples of situations where this works well?

Thanks!
More...

Yes; traders, MM, DPMs, etc.

We try not to discriminate on who we pick off ...
 
Island Paradise in Asia.
I'm not sure there are many that I'd be willing to live full time. Great places to visit but for me there is more to life than sitting on a beach. I guess I'm a city boy at heart.

Bali - infrastructure and obvious other issues. However, it is really stunning to visit.
Thailand/Phucket: very nice. know numerous people/friends who have built houses on the island. not sure about infrastructure.
Hong Kong: great infrastructure and taxes but hardly a paradise.
Singapore: ditto but family friendly and clean
Philippines: some great islands but infrastructure wouldn't be in place yet alone you'll have security issues.

Not an island but Sydney is beautiful. We have an office down there and if it were more central to Asia I'd be tempted to make it our Asian HQ's. Taxes will kill you though if not set up properly.

I've known a few people who have done extremely well and have left the region to start up shop in Hawaii or even back in the states. Lifestyle is more important than money for many of them Ofcourse that gets you back to taxes. If that's your concern, consider Southern Europe.
 
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