Recent content by Maverick2608

Interactive Brokers has opened up access to Investors Exchange (IEX) – the exchange described in Michael Lewis’ new book Flash Boys. Can I avoid being front run by sub-penny orders by directing my limit orders to IEX? Thank you.

Interactive Brokers has a data variable called "After Hour Change %." You can use it for a specified list of tickers or as a column in market scanner. After hours trading starts at 16:00. However, the "After Hour Change %" does not appear until 16:15. Today the data did not appear for NYSE...

You would have a strong case qualifying that frequency of trading as adjustments to your portfolio, which would imply taxing it as capital gains, in Malta and in every other tax jurisdiction. However, volume is also important. If you turn over your entire capital each month, the tax...

Be sure that you have time tested your strategy or skills over many years before you make the move. There is no bigger thrill than to excel on your own in the financial markets. You feel like you can fly and there is only one thing on your mind: how can you escape paying the 30-50% in taxes...

By quantity of operations, i.e. trading frequency and volume. The gain per se is not relevant, it may zero or negative and the activity will still be classified as a business activity. Do like ´soldintine´ and move to Andorra. The income tax is zero and it is only a few hours’ drive from...

What you are writing is correct as regards capital gains. However, if you are trading every day for a living, the gains are not taxed as capital gains. The gains are taxed as business income. As such they are taxed in Malta, because your business activity takes place in Malta. The Maltese tax...

TUMI quiet period expiration: May 29 Credit Suisse, William Blair, Jefferies and JP Morgan started coverage May 14. SPLK quiet period expiration: May 29 JP Morgan, Morgan Stanley, BofA/Merrill, UBS, CLSA, Credit Suisse, Cowen and Pacific Crest started coverage May 14. Why? Thank you.

Sometimes when I participate in the opening auction before the 9:28 cut off, my order is not filled. Does the likelihood of getting the order filled depend on how early I enter my order? (I do of course enter all orders before the 9:28 cut off). Thank you.

From time to time when I participate in the opening auction through Interactive Brokers before the 9:28 cut off, my order is not filled. Does the likelihood of getting my order filled depend on how early I enter my order? (I do of course enter my order before the 9:28 cut off). Thank you.

Hi Roco, I put Malta on hold because of the pressure for a Eurozone financial transaction tax, although recent news suggests it has now been shelved. I still put Malta on hold because I want to avoid being dependent on advisors charging for complicated schemes whose legality I still need to...

Can I participate in opening auctions on European exchanges using IB? When I trade US stocks I simply choose “OPG” under “Time in Force” in order to participate in the opening auction. That feature is not available for the European exchanges. For the European exchanges: 1) If I put in my...

I finally received the answer from the Malta Inland Revenue Department: “Any trading income that is made while one is residing physically in Malta is considered as income arising in Malta and taxable in Malta.” Consequently, I consider the simple setup in Malta as dead. Dozens of advisors in...

I asked the Malta Inland Revenue in an e-mail yesterday. I will post their answer, when I receive it. I assume that if you trade through a corporation you can use the popular setup in Malta of two trading companies in malta combined with a mother company in Belize and end up with a net...

Hi Soldintime, Thank you so much for your answer. I have been interested in moving to Malta with my wife, but thanks to your posts and the specter of the EU financial transaction tax I am now looking into Andorra instead. I am Scandinavian and have lived 3 years in New York. However, in...

In Malta foreign-sourced income is tax exempt. Income is only taxed when remitted to Malta. Question: Is trading income from trading US equities through a US broker considered foreign-sourced income? Qualifications: For: The exchanges, the securities, the broker, the server and the gains are...