SPX Options on C2 Decision June 6th

Quote from uptickk:

FSU - Where did you find that there is no COB? Is there any indication of when it will start?

Thanks
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Just started Monday.
 
Quote from trading spaces:

I got an email saying i was being charged a cancellation fee. I will stick with es.
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A cancellation fee.

Because bandwidth costs money.

I've seen back month options flicker all day long - with no trades(!), one exchange improving the price of another, and backing off. Repeat to infinity.

Then public customers send a solitary ping, manually with a mouse click, and are charged a fee.
 
Today is my first day trying these suckers. I haven’t received a cancelation fee email yet and have canceled quite a few orders. Pretty poor volumes but this is how the weeklies startetd too.
 
Quote from wilburbear:

A cancellation fee.

Because bandwidth costs money.

I've seen back month options flicker all day long - with no trades(!), one exchange improving the price of another, and backing off. Repeat to infinity.

Then public customers send a solitary ping, manually with a mouse click, and are charged a fee.
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Cancellation fees come from the exchange to the broker after a certain number of cancels occur. This is done more to try and stop public customer "market making" than for bandwidth reasons. IB is the only firm I know of that charge the customer this fee.
 
Quote from FSU:

Cancellation fees come from the exchange to the broker after a certain number of cancels occur. This is done more to try and stop public customer "market making" than for bandwidth reasons. IB is the only firm I know of that charge the customer this fee.
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Agreed, but it has been my experience that IB doesn’t charge them on index option products so it wouldn’t really make sense that they would be showing up on SPXPM.
 
I did some trades with the SPXPM options and recognized that for the same strategy as with SPX options for the SPXPMs is much more margin required (portfolio margin).
Whats the reason for that?

thanks
 
Quote from ben111:

I did some trades with the SPXPM options and recognized that for the same strategy as with SPX options for the SPXPMs is much more margin required (portfolio margin).
Whats the reason for that?

thanks
More...

I haven't noticed this, although I only have some small positions on. I also have a PM account. Our back office tells me that SPXPM is hedged against other similar products as well for PM purposes. Next time a have a more substantial position on I will check the margin.
 
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