To prop or not to prop...

Quote from qll:

could you tell me the details of the xiamen trader?
is it possible for me to contact him directly.
i just want to know
1 tax issue for foriegn prop traders
2 license for foreigners. online exam, or face to face to verify ID
3 visa issue for visiting vegas office

another quesiton, what is the rational to be lisenced, if i don't use too much of the firm leverage? the reason i don't want to be a pro is that i will lose the lowered commission from IB etc, unless i trade from my client account.
More...

Licenses have been required since 1998 to differentiate professional trading from retail.

That particular trader travels a lot, and has set up locations from South Africa to Xiamen, as I mentioned - China didn't work too well, for (obvious) licensing problems stemming from the language barrier.

I could certainly put you in touch with our Canadian traders who may have the answers you're looking for.

PM me if you like.

Don
 
Don. While youre answering questions can you just confirm:

1. Can I get a series seven if im from europe not the US.The rules seem to suggest that someone in "good standing" can do this. Could I do this while in Vegas?

2. Do you know whether the REDI API will allow for input signals from an excel based API using VB. Is it possible to use code I already have or would i need to reprogram.
Thanks...
 
Quote from Big Game Hunter:

Don. While youre answering questions can you just confirm:

1. Can I get a series seven if im from europe not the US.The rules seem to suggest that someone in "good standing" can do this. Could I do this while in Vegas?

2. Do you know whether the REDI API will allow for input signals from an excel based API using VB. Is it possible to use code I already have or would i need to reprogram.
Thanks...
More...

1. Many from other Countries have gotten their licenses here, yes.

I'll turn number 2 over to Cash Coyne.

Don
 
Quote from Big Game Hunter:

2. Do you know whether the REDI API will allow for input signals from an excel based API using VB. Is it possible to use code I already have or would i need to reprogram.
Thanks...
More...

Hi Big Game,

I can answer this one for you if I understand the question.

You have an Excel application and you want to use the Redi API to send orders. Yes, you can do that. Of course, you would need to modify the order handling part of your code, but not the signal portion. Every trading platform's API is different in how it handles the submission and tracking of orders, so these modifications would be unavoidable.

If you need more assistance, post here or feel free to send me a PM.

HTH,

Cash
 
Thanks Cash. Actually I do have some more questions.

1. How difficult would it be to organise all my stocks into one interface on one screen if all my stocks were automated. So lets say that I want to trade 100 shares of 12 different stocks using an ATS. Can I end up with a one monitor screen interface that I can monitor remotely? What I mean really is can I compartmentalise all 12 onto one computer. Is your software capable of doing this?

2. Can I test a system before I launch with real money. How accurately will it reflect a test using real money.

What I really want is to trade a dozen stocks 100 shares of each in order to generate a more gentle equity curve than if i were concentrated in just a couple of stocks with more volume.

Also how exactly do you handle your automated clients? Is it a case of the mtrading from home using an ATS remotely or do they colocate in house with you. Do you offer colocation in-house? Thanks...
 
Quote from Big Game Hunter:

Thanks Cash. Actually I do have some more questions.

1. How difficult would it be to organise all my stocks into one interface on one screen if all my stocks were automated. So lets say that I want to trade 100 shares of 12 different stocks using an ATS. Can I end up with a one monitor screen interface that I can monitor remotely? What I mean really is can I compartmentalise all 12 onto one computer. Is your software capable of doing this?

2. Can I test a system before I launch with real money. How accurately will it reflect a test using real money.

What I really want is to trade a dozen stocks 100 shares of each in order to generate a more gentle equity curve than if i were concentrated in just a couple of stocks with more volume.

Also how exactly do you handle your automated clients? Is it a case of the mtrading from home using an ATS remotely or do they colocate in house with you. Do you offer colocation in-house? Thanks...
More...
 
Quote from Big Game Hunter:

Thanks Cash. Actually I do have some more questions.

1. How difficult would it be to organise all my stocks into one interface on one screen if all my stocks were automated. So lets say that I want to trade 100 shares of 12 different stocks using an ATS. Can I end up with a one monitor screen interface that I can monitor remotely? What I mean really is can I compartmentalise all 12 onto one computer. Is your software capable of doing this?
More...

Well, if you're talking about doing automated trading with Excel, then what you describe is no problem. However, when you say "your software", I'm not sure if you're clear that the Redi API is accessed from excel and has no front-end window of it's own. So, it all comes down to how you set up your Excel screen.


2. Can I test a system before I launch with real money. How accurately will it reflect a test using real money.
More...
There are test symbols that you can use to test it which do not involve real money. However, there is no way to test any system live with real symbols without using real money as you would need to get real fills and because of things like dark liquidity pools, trade size, hidden orders, and specialist whims, there's no
way to accurately simulate the real environment. However, from the standpoint of testing your systems functionality in interacting with the API, the test symbols do the job fine.

What I really want is to trade a dozen stocks 100 shares of each in order to generate a more gentle equity curve than if i were concentrated in just a couple of stocks with more volume.

Also how exactly do you handle your automated clients? Is it a case of the mtrading from home using an ATS remotely or do they colocate in house with you. Do you offer colocation in-house? Thanks...
More...
You would trade with your system based at your location. We have no in-house co-location.

HTH,

Cash
 
Quote from jimclark:

Um...what is SSF and Haircut?
:confused:
More...

Single Stock Futures. Haircut is a risk fee charged for capital usage. For example, you're allowed 6 times your equity of positions (hedged) for free, and 6-12 time is 2% per year, etc. for overnight holds.

Don
 
You must log in or register to reply here.
Back
Top