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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: GROUND ZERO™ who wrote (36159)10/12/1999 10:07:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
< I think taking both sides of the same trade in two separate accounts in illegal.>

I don't think so, I probably could look it up but I wouldn't know where to start.

The only restriction I can recall about something like that is the amount of contracts an entity may control in a given market, both Long and Short combined.

Even there, I don't think any of us could violate that particular rule. But then Bill Gates might be in this contest, who knows.

I think you might be thinking of a 2 dollar broker, who may be selling the floor but buying through an off floor account?

I would think it's legal, as I wouldn't be in the least surprised if a Player was letting it out that s/he was Selling through XYZ while it wasn't known that s/he was Accumulating through ABC, DEF, and assorted others. Sure seems like a strategy that would have been employed from time to time by Real Money.

Exchange Officials are more concerned with the people they can easily catch, not the Smart ones.

For example, by the way, I read in the WSJ on Monday that if you sprinkle catch-phrases like "no-risk returns" you can drive the S.E.C. nuts. They actually use Search Engines to find such posts on the Internet and comb through them in a search for the bad guys. That has to be a waste of 6 figure man-hours a year at least.

No, I don't think anyone would ever go after you. They are far too busy doing really senseless stuff.
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