why can't you have buy and sell orders simultaneously on a particular option.

Discussion in 'Options' started by zdreg, Mar 7, 2018.

  1. Basically, they dont want you narrowing those ridiculous spreads, MM's want to be able to rob retail orders blind and they cant do it without 50 C spreads on $1 options.
    #11     Mar 7, 2018
    spindr0 likes this.
  2. Robert Morse

    Robert Morse Sponsor

    Basically, if you want to make two sides markets, they want you to be SEC registered and regulated by the exchanges so that you have quoting requirements and responsibilities.

    Or, you can do this as a professional customer with higher fees.
    #12     Mar 7, 2018
    tommcginnis likes this.
  3. Don't see what the diff is between being on one side or two, from the viewpoint of any single trader.

    Why do they care if you bid/offer, other than not wanting spread narrowing?

    forget about the boilerplate fees, sec, other nonsense. what's the logic?
    #13     Mar 7, 2018
  4. ironchef


    Simple, China and Russia executed their prisoners.
    #14     Mar 7, 2018
  5. We don't execute people for this infraction - we simply bust the trade.
    #15     Mar 7, 2018

  6. Speaking of "SEC registered", has the SEC approved the hookup with Wedbush? Or do you only need approval from FINRA?
    #16     Mar 8, 2018
  7. Robert Morse

    Robert Morse Sponsor

    We are waiting for approval from regulators. They are not telling me which ones. Technically, we are merging with Lime brokerage, not Wedbush. Lime in owned by Wedbush. Our customers will not see much change in the short run. Why do you ask?
    #17     Mar 8, 2018
  8. Robert Morse

    Robert Morse Sponsor

    We are planing on April 31, 2018 for the completion of the merger. We have sent letters to all clients.
    #18     Apr 3, 2018
  9. FSU


    "The new company will be called Morse-Wedbush and will be run entirely by Robert Morse"
    #19     Apr 3, 2018
  10. Robert Morse

    Robert Morse Sponsor

    I'm done with my own BD, happy to be part of the team and not the owner.
    #20     Apr 3, 2018