Recent content by mel_pub

  1. M

    Newbie question about CFDs

    No you don't want to buy cfds, you want to buy shares. Look at it this way : you want to buy 100 shares at £100. it's a total notional amount of £10.000 (your exposure to the market). Your profit or loss would be those of someone holding a 100 share of XYZ, or "£10.000 worth of stock of XYZ "...
  2. M

    Newbie question about CFDs

    It is a contract not a security, and since it is issued at market price it is completely neutral and it 's price is zero (let's forget interest rates). You just post cash collateral, and both paties are enaged to pay the other the difference between the (market) price of the underlying at the...
  3. M

    Direct Market vs. Market Maker

    (A) Repo. Buy $1000 worth of shares, borrow money and give the shares as a collateral and get $900. Use these $900 to buy $900 worth of shares, then use them as a collateral to borrow $890.... The leverage depends on the haircut (B) You short GOOG 1) Another customer has GOOG shares, the...
  4. M

    IB UK customers - SIPC or not ?

    yes IB UK is regulated by the FSA. But you'd better cross your fingers too. You'll never ever receive any paper statement from IB
  5. M

    Why do brokers hate Americans?

    When you buy a security you buy it from a counterparty which is not you're broker, but one that you don't know before settlement on electonic exchange (or that you know before, for block or pit trades). Your broker act as an agent not as the counterpart.The trade involves two Exchange members...
  6. M

    Interview for FX market maker

    What is the difficulty added by macro data coming out ? You stop quoting a few seconds before the release, and rebalance your gamma. What else ?
  7. M

    Is This A Coincidence.....

    watch the consolidated tape (if you're trading stocks or futures). Locals do hunt stops too, if you place them at key levels.
  8. M

    Why do brokers hate Americans?

    Well, I'm glad my grand parents did not, and made good use of it, while some others were a bit too much law abiding to my taste. I don't know of any US broker that refuses foreigners. You just fill the W-8 instead of the W-9. It seems to be much more simple this way.
  9. M

    ig markets - a criminal broker

    Why is the UK favouring bucketshops with the stamp duty and capital gain exemption ?? These bucket shops seems to make so many £££ that they can buy themselves any judges or MP ! Wow...
  10. M

    Why do brokers hate Americans?

    Well, the day you're contry is invaded you'll find it useful to have one burried somewhere. But it neither happened to USA, UK nor Australia. One thing is for sure, guns (massacre) seems to scare you alot. It might be impressive but I guess more people die falling down the stairs. Does you're...
  11. M

    Does anyone SB the FTSE, CAC & DAX at the same time?

    Look at the weight of the sectors: Banks for CAC, Commodities for FTSE, Industrials for DAX...
  12. M

    Whos buying Citi at 99 cents?

    The shorts ?
  13. M

    Trading limits and gamblers ruin

    I know that clickoptions does limit every trader's loss to 50,000€ each year, but there's no daily limit Impulsive trading, once you'll get rid of it will be your best friend, I mean you'll make big trades on the impulsiveness of the others...
  14. M

    HSI games

    gaming = exploiting the algos of the others by making some moves and looking at the results, then drawing conclusion. ex spotting a vwap, twap... Yes some kind of automated computer that is fed with good and timely data and that will run some sort of algorithms. Memorizing patterns, and doing...
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