After-Hours Trading

After-Hours Trading

The U.S. stock market is one of the few remaining markets that does not trade on a 24-hour basis. Futures markets trade 23 to 24 hours a day, five and a half days a week depending on the product; cryptocurrency markets trade 24 hours a day, 7 days a week. However,...
Is Your Broker Reliable?

Is Your Broker Reliable?

https://youtu.be/YJs1aUtCAOs   If you’ve dealt with unreliable trading technology in the past year, you’re not alone. Both slow reporting and complete outages happened to several trading firms during high volatility days in 2021. Having an executing broker whose...
The Value of Queue Position in an Order Book

The Value of Queue Position in an Order Book

There is a great little barbecue place in Austin, TX called Franklin BBQ. People come from all over the country for this excellent BBQ and fantastic brisket. Many days, the line outside Franklin BBQ starts before 5 a.m. Franklin has no set closing time; they serve...
What is Rule 15c3-5?

What is Rule 15c3-5?

  Before an order is eligible to be sent for execution, it must pass through a broker’s pre-trade risk check to ensure the order is not violating any pre-determined thresholds. This rule is known as Rule 15c3-5, but what is this rule exactly? Bob Iaccino...