Options 201: Beyond Obi-Wan-Kenobe Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J. P. who wrote (725)	2/19/2003 11:15:33 AM
From: KFE	of 1064

J.P. Why would one buy a seat? Many reasons why an individual would buy a seat. One might buy it for appreciation and lease it, to trade for himself as an independent market maker, or use it to be an independent floor broker executing other peoples orders. Membership procedures include taking a course, passing a test and establishing a clearing firm relationship. If you are really interested contact the exchange for a membership package. The independent option market maker is a dying breed and it is not something that I would recommend to anyone right now. Remember that a market maker has to make a two sided market. Capital requirements and margin rules are different for market makers than they are for retail traders. Regards, Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next