There is tremendous foreign exchange risk in your example. The yen carry trade is a 12 trillion unit business. You can open any fx account and...
There is no alternative to IB for traders who are emulating a hedge fund. You can beat IB on equity comms, but nobody beats IB on product.
TH employees love the guy. He's made many of them millionaires through profit sharing. I am not talking execs or leading MMers, but clerks as well.
LMFAO.
Ok, understood. What about all those Brighties who start with $5-10k? Are they immediately subject to a 75/25 split?
Sure, good idea. I would rely on the laptop's battery and leave it out of the UPS-loop for max run-time. As long as there is power to your DSL...
The primary role of a PB is to facilitate OTC trading, clearing and credit. The PB role in listed trading is dwarfed by the requirements of OTC...
You make a good point, but the BD can clear the LLC business without offering leverage exceeding SEC regs. The BD and LLC are entangled due to...
What about the non-BD pooled accounts that offer >4:1 intraday?
Yeah, T+0 starts massively underwater. Vols marked higher?
The vast majority* of equity hedge funds do not exceed Reg T. The hedge fund is a pooled investment of OPM, not primarily consisting of...
I can't imagine it would be very difficult for the SEC to enforce an action against the sub-LLC.
Is this true?
Damn, I wanted to tivo it. Was at the lake all day. JESUS CHRIST! <a href="http://www.putfile.com/pic.php?img=3637363"><img...
You're in SPX equivalent of 1050 strikes, down to 850? You're done. I know enough about option theory and curvature to know that the ONLY...
The memo is legit. The source asked that I remove any reference to firm name. That's it. I have quite a few friends that trade prop, and I take...
September 26, 2006 Dear trader, NASD and SEC contacted us today and informed us that according to the SEC interpretation of prop trading, the...
Yeah, the vegas are small.
Seriously? What a toy. Anyway, until you guys wise-up, model a single vol at 10.50%. Not perfect, but it will give MinMax figures in-line with...
Your strikes are 1390, currently otm. 2 devs otm on the calls equates to -200bp lower on skew. You need to mode vols at discrete intervals, or...
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