i would make an ugly girl, trust me. all man here. domestic refers to the name of my diversified entities outside of pretty much full time trading. at this point i employ north of 65 people full time with benefits; i would like nothing more than to transition out completely. it takes time though.
:eek: edit we had all better watch it...we're getting waaayyy off topic and you know how Magna is...what a party pooper
On the IB conference call TP said IB have 1,000 pm accounts representing 15% of the $8 billion customer deposits up from 9% in previous quarter.
IB have increased the SPAN margin on short puts on equity index options on futures today. They are going up again in the future. My margin went up about 60%. How does span compare with portfolio margin now?
this is a huge concern...changing rules in the middle of the game. Like vix margins in August. I think they did it even twice on the same day. definetly another vote for going prop.
After getting the approval from Interactive Brokers to upgrade my trading access from Regular T to Portfolio Margining in April, I sold 10 contracts of Russell 2000 Call about 10% out of money, the initial margin requirement reduced from approximately 80,000 to around 50,000. (There was nothing in my portfolio to hedge these Call options.) In April, the initial margin requirement for shorting 10 contracts of ER2 Calls about 10% out of money without hedging is much smaller than that.