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Search: Posts Made By: SMCJB

Forum: Traders Hideout

July 3rd, 2022, 03:13 PM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

1) it probably can't and even if it could your...

1) it probably can't and even if it could your eyes probably can't!
2a) ICE and CME both have throttles that only allow you to change a certain number of orders per second. This is for ALL your...

Forum: Traders Hideout

June 29th, 2022, 03:22 PM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

As far as I know there are multiple exchanges...

As far as I know there are multiple exchanges that offer the same equity options so yes smart routing could be valuable for options as well.

There are a few examples in futures of identical...

Forum: Traders Hideout

June 29th, 2022, 10:41 AM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

TT is not DMA TT basically has 3 offerings....

TT is not DMA
TT basically has 3 offerings. Basic, Advanced which is Basic plus all the automoation (ADL, Autospreader & Autotrader) and API ("XTAPI"). Autospreader is easy to learn. If your good...

Forum: Traders Hideout

June 28th, 2022, 03:10 PM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

I'm not an equities (or equity options) trader so...

I'm not an equities (or equity options) trader so not sure. Unlike futures, equites trade on more than one exchange and have the NBBO (National Best Bid Offer). Which is where things like Robinhood...

Forum: Traders Hideout

June 28th, 2022, 01:50 PM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

This quickly becoming very technical. The way to...

This quickly becoming very technical. The way to think about this is that the exchange gives you a port at a location (Aurora IL for CME, Chicago IL for ICE, New Jersey I believe for most of the...

Forum: Traders Hideout

June 28th, 2022, 09:09 AM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

DMA is "Direct Market Access". It occurs when you...

DMA is "Direct Market Access". It occurs when you connect your execution software directly to the exchange matching engine (normally via API) with nothing else in between. Hence there are no safety...

Forum: Traders Hideout

June 27th, 2022, 08:56 AM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

An FCM is an entity that specifically clears...

An FCM is an entity that specifically clears regulated futures contracts.

A prime broker is one stop shop for hedge funds. Not sure of the full list of products they would offer but it would...

Forum: Traders Hideout

June 26th, 2022, 01:05 PM

Replies: 21

I Am A Self-Directed Trader About To Broker With JP Morgan's Institutional Side

Views: 4,034

Posted By SMCJB

I'm not sure what your asking. In the futures...

I'm not sure what your asking. In the futures space you have clearing houses & clearing members. For example CME Clearing is a clearing house. JP Morgan Securities LLC is an FCM. Using them as your...

Showing results 1 to 8 of 8

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

Limited trading instruments
High platform usage fees
Lack of support or mentorship
Unrealistic rules and requirements
No significant challenges
Something else (discuss in thread)

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