muscleman

I am currently using IB and considering to move to ME or TD due to poor customer services at IB, but I would like to know your thoughts on ME and TD's order execution quality. https://www.stockbrokers.com/guides/order-execution It seems to me that both IB and ME are one of the few brokers who don't accept payment on order flow, and they directly route orders to the exchanges, according to SEC 606 reports. https://vrs.vista-one-solutions.com/sec606rule.aspx But TD routes orders to knight capital and other high frequency trading firms and accepts rebates. I primarily trade US small cap and occasionally trade OTC. What's your experience in terms of order execution for ME, TD and IB? I am currently using Fidelity and IB and I don't see any differences so far. I place limit orders and they seem to fill at similar time and prices.

If you are addressing this comment to me, I thought of something else I encounter occasionally. For example, let's say the bid and ask are 10.00 and 10.10. I will put in a limit order of 10.05 at Schwab and nothing will happen. I then put in the same order at IB and it will execute. I go back and my Schwab order is still sitting there. This has happened often enough I have no doubt execution is better at IB than at Schwab. Have you checked which exchange filled your order in these cases?

I am weighing IB, Merrill Edge and TD Ameritrade. Could anyone share some thoughts? I've been using IB, but I really hate their customer service. Merrill Edge and TD seem to have better customer service. ME routes orders to exchanges like IB, while TD uses Knight Capital and Citadel to execution trades and gets order flow rebates. ME is obviously the cheapest here, and TD is expensive. What do you guys think of order execution quality for TD vs ME vs IB? Thank you!

The pendulum is simply swinging from one extreme to the other. When Obama crossed the lines to do all these controversial things, it takes Trump to go to the other extreme to correct it.

What do you guys think of Merrill Edge? It offers a lot of free trades per month, and it is one of the few brokers who do not sell order flow. https://www.stockbrokers.com/guides/order-execution Does it place orders directly into the exchanges?

What's the liklyhood of a permanent loss at this point? How about a 50% loss?

Thank you! I opened a trading ticket in IB to request them to ask Ashmore, Goldman Sachs and Rochdale. I am sure one of these guys will have the ability to trade bonds in Stuttgart exchange. I think IB has just been lazy with me.

Debt tends to be A LOT less liquid than equities - particularly for a mongolian mining company that just went through a restructuring. I can't imagine there are many people out there looking at those specific bonds for purchase. Even looing at those links you provided - they show that the bonds don't trade daily. It might be worth working with interactive brokers' trade desk to get an assistance in execution on these, though there may be an additional fee for that. Are you saying the bid and ask shown on the Stuttgart exchange are fake? For illiquid stocks, even if they don't trade for many days, as long as there are bid and asks, when I need to sell, I can always hit the bid to get my order filled. Apparently IB is having strange problems as these two bonds don't even show up in TWS

I bought some senior Mongolian Mining corp debt earlier this year and participated in the debt restructuring. I received some stocks and two of the following bonds. https://www.boerse-stuttgart.de/en/Energy-Resources-LLC-bond-XS1598634506 https://www.boerse-stuttgart.de/en/Mongolian-Mining-Corp-bond-XS1599078059 I am currently trying to sell these two bonds, but Interactive Brokers told me that there are no bids, despite the exchange above showing bid/ask everyday. :'( Does anyone know what might be going on here?

Yeah it is a big mess. They need 60 votes to get a budget bill but there are not so many Reps.

dod frank revision passed. Now Watt's job in danger. Is this good? Bad?

I started a free trial for tradethenews.com, which is pretty handy for the daily earnings and other news. But they are going to charge a few hundred per month after the free trial. I wonder if you have any cheaper alternatives that I can look up for news like this?

moelis is just another proposal, though we agree that it is more feasible than the blackrock or MBA proposal. Is there any specific significance in this proposal than other proposals?

Regarding Fairholme, I really think Bruce is backed to the corner. Let me ask everyone a question like this: If you start a fund with 100 million cash, would you put 35% of your money into FnF preferred today at this price? My own answer would be no, but he couldn't sell due to the low liquidity. He is pretty much being forced to be set up as a Hero or Zero situation. Same for SHLD.

I continue to get stunned. I thought Collin's case is really strong, given the ruling on CFPB. On the other hand, this may not be that bad. If Watt went Rogue, that implies that he may be disagreeing with Mnuchin, and Watt seems to be the only politician standing for FnF at this moment.

Even if your library does not have access, you can get non-resident card from some libraries. A list is given in below link. Fairfax county costs 27$/year and has access to morningstar, valueline, Barrons & Wall Street journal. http://blog.the-ebook-reader.com/2011/09/22/library-ebooks-for-non-residents-where-to-get-ebooks-if-your-library-is-lacking/ Below link has some details on the access you can at different libraries, but I have not checked if all of them have morningstar & valueline that I am interested in. https://wiki.mobileread.com/wiki/EBook_Lending_Libraries#USA_Libraries_that_offer_cards_online_or_by_mail.2C_to_non-residents I opened this webpage and searched for "morningstar". I got no results back. How do you access the e-subscription? https://fairfax.overdrive.com/ I live in King county. There are some results for morning star. https://kcls.bibliocommons.com/search?&t=smart&search_category=keyword&q=morningstar I wonder if the correct one is this? https://kcls.bibliocommons.com/item/show/226566082_morningstar_mutual_funds

http://www.schroders.com/getfunddocument?oid=1.9.2228909 Thank you. It didn't say the position size though. But as long as he still has this position, it is a good thing.

I think this is apples and oranges. A SIFI that went under would presumably be fully privately owned at the time, so shareholders would justifiably be wiped out. This is probably what should have happened with FnF to begin with. Allowing shares to trade and still be outstanding has caused the government no end of headaches. I don't think FnF can qualify to be SIFIs while under government control (how much more government oversight could they impose?), and if they were to be released they would not be on the brink of bankruptcy. I took the question to be more about Mnuchin's stated aversion to bailouts and desire to have private capital take the brunt of any crisis. This is what Mnuchin was agreeing with. Well I was wondering if D-Warner was using a hypothetical SIFI example to ask what Mnuchin would do with shareholders of FnF....... Yeah Warner pushed repeatedly for the answer and Mnuchin hesitated for a while and said he would expect shareholders to be wiped out before government took any losses, which makes sense, and is definitely not the case here for FnF, which government had the most profitable bailout.

https://www.c-span.org/video/?428291-1/treasury-secretary-comes-fire-glasssteagall-stance 1:27:20. No one mentioned this? Corker's buddy Warner asked a hypothetical question that may be highly relevant. If a SIFI institution with trillion dollar assets got a liquidity crunch, do you believe the shareholders should be wiped out? I think he is directly asking does Mnuchin believe FnF's shareholders should be wiped out in GSE reforms later this year. Thoughts?

https://www.c-span.org/video/?428291-1/treasury-secretary-comes-fire-glasssteagall-stance I just watched the Corker Mnuchin exchange. Mnuchin talked with Watt and hopes that the dividend will continue to be paid in the future per agreement. And Watt talked about "dancing unilaterally" in last hearing. Does this imply that Watt is the only one thinking about suspending the dividend and not Mnuchin? Corker mentioned that he phoned Mnuchin last night with a few FnF reform proposals. I think they exchanged the opinions privately last night, which is why Corker didn't bring up Recap and Release this morning. What's your thoughts on this? Either: 1. Corker wanted to avoid being disagreed and viewed by his big money donors as losing control, so he wanted to know what Mnuchin thinks ahead of time. Or: 2. He got some agreements or promise from Mnuchin so he wouldn't bother to confront him again in Congress. I am leaning to #1 because Corker raised his voice when he said "Hopefully completing the work" around 31:10. But I don't want to have a biased view here. Any other thoughts welcome.

What does this mean? I think suspending dividend and preventing the draw is the same thing, no?

Well, I did view that hearing a few times, though not for every single minute. My impression is that Watt seems a bit scared of Corker and Crapo when he speaks.

Joe Light again? This statement is inline with Watt's statement when Crapo asked him to confirm that stopping payments to treasury is not the first step towards recap and release.

Yeah. I just listened to the video again and had the same impression. I think Corker is trying to mislead intentionally. I don't think he is confused about these basic concepts.

Craig Phillips is our next hurdle. Given today's info, what's the likelihood that the Craig Phillips' proposal next week stuns us? If Watt's positions today is inline with Mnuchin, then Craig's proposal should be fine. But Watt repeatedly addressed that he wants to work with treasury instead of he "dancing himself". On the other hand, members here pointed out that Watt wanted Treasury to be in the driver seat.