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Strategies & Market Trends : Canadian Options
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To: notredame who wrote (890)3/18/1998 10:54:00 AM
From: Dave.S  Read Replies (2) of 1598
 
ND:

To answer your questions:

1) The equities are traded directly over the computerized CATS system. This means I just enter the trades myself while watching the booked orders. The options are traded using open outcry which means walking over to the square where the option class is traded and making the trade with a MM or filling a client order which has been booked.

2) RBC Dominion Securities is the only firm which clears the trades of the independents.

3) I am sure that $50K is the minimum. Talk to Patrica Johnston of the TSE, who handles new COT accounts, 416-947-4700.

I think if $50K is a problem you may have a difficult time making a living at trading. This is not an easy way to make a living and it will take a couple of years before you "learn the ropes".

Dave
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