So....how does one distinguish between an "institutional investor" and a "professional trader"? Every large HFT is also an "institution", and...
Many of those who hold market maker rights do have much bigger advantages than that, but it's not the market maker rights themselves that help...
If you have TotalView, you have the best feed Nasdaq offers -- there is no better feed available to market makers. At least that's what I'm told...
Interactive Brokers has its own "market maker" -- it's called Timber Hill, and it actually existed long before the brokerage itself. I doubt...
But there's a (potentially money-losing) problem with your analogy: financial instruments are nothing like a biased coin, whose odds are known and...
Yet something going up or down can also be modeled after geometric brownian motion, which is no better than zero-expected-value gambling (before...
I truly hope you're joking. I truly regret that you probably are not. If "trend following" has nothing to do with prediction, then "trend...
In the US, I'd say that any futures market with high volume will have the lowest slippage, especially if you're talking about retail-sized trades,...
Sad to hear it. I really miss Don's posts on ET; he could keep a thread positive even when other posters turned nasty. I don't think I've seen...
I hope you're aware stop market orders can lead to really awful fills. When P&G executes at $.01, I would guess that the seller in such cases...
There's a huge difference between market and limit. The best bid or offer can vanish in a flash, leaving you with a fill as bad as $199,999.99...
Agreed. The current system of "news embargoes" etc. is antiquated. With modern (or even 1990's) technology, I can see no good reason for...
I'm pretty sure it stays with your account by default as long as you stay above the $25k minimum. But be aware that the overnight margin is still...
What you made in one day is almost completely irrelevant; what really matters is the return-per-unit-time you can reasonably expect in the future....
Why is Nick Leeson's opinion on anything financial even being reported, much less read? We don't see people flocking to serial killers to seek...
I disagree. I guess it depends on what you value. Family life and civic engagement, for example, are generally worse than they were decades ago,...
I'm sure that increasing the tick increment will improve the size of the best/bid offer a bit -- at some cost in increased spread, mind you. But...
If you use their smart route, my guess (based on the rule 606 report for MB Trading, which is at least one broker with the "MBTR" route) is that...
"next Steve Jobs" -- it's simultaneously amusing and revolting to see such predictions by financial news "talking heads". If you need a good...
Single-threaded performance is relatively fixed, regardless of budget -- the fastest general, single-threaded performance can be had in $400...
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