Buy $BIL watermineral. The 30% tax will be refunded next year Feb

price not adjusted for dividends	price adjusted for dividends

The 30% tax will be refunded next year Feb

With the refund, my BIL IRR now stands at 4.80%, pretty close to short-term US T-bill rates, albeit the rate can be better if they refund sooner, but definitely better than the old "sell before ex-date then buy on ex-date" strategy...

watermineral do you even read what I wrote and quoted?

watermineral do you even read what I wrote and quoted?

I still think I am a fundamental guy... Charts and resistances... head and shoulders patterns all seem like aliens to me lol

I make 2-3 USD a day every 3 days or so trading the bid-ask spread of BIL ETF... passive income for a start...

Quantitative researcher/analyst is a more suitable job for me. I heard the pay is 15k SGD - 20k SGD a month for PhD graduates in quant firms like Citadel, Jane Street etc. but I guess the trading desks people bring home more money lah..

You can help check for me the pay for Physics PhD working as quant analyst/researcher in Malaysia banks/funds?

As for your OT question, no I am just starting my 2nd year PhD at NTU Singapore... Will graduate in August 2027. See if I can land an intern at one of the market makers out there. PhDs and Masters' quants are in high demand in Singapore...
High Frequency Trading. A good book to read is 'Flash Boys" by Michael Lewis. https://en.wikipedia.org/wiki/Flash_Boys

You can find the e-book for free online, given the book's popularity (PM me if you have difficulty looking for one.)

A very common HFT tactic is known as SIP latency arbitrage: https://www.law.berkeley.edu/wp-content/upl...latency2017.pdf

In essence these traders program computers so that they can seek arbitrage profits in a very short period of time. The NMS regulation by the SEC requires a common pricing to be known to the public, but the problem is NMS regulation does not specify the time (or time delay) for the information to be known. The SIP systems are often delayed by milliseconds, but stocks tick every nanoseconds or so.

So in that short instance, a trader can buy from one exchange and sell to the order to make money.

That's a simplified version of the HFT story, books will tell you more.

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Yes, you can do HFT with IBKR although theoretically, you will always lose out to the traders whose servers and PCs are right next to the exchange's matching engine in say Mahwah, New Jersey (for NYSE).

But even if you are located physically in the US, there may be requirements to fulfill before you can start trading like a pro... Some license or something... Can check out on IBKR's website.

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I think IBKR connects to the exchanges' matching engines directly, but I am not sure how close IBKR's servers are to the data centers of NYSE, NASDAQ etc...

What I can share with you from my previous attendance in Citadel, Point72, QRT etc.'s campus recruitment talk in NTU Singapore is that they are using short waves to relay signals all the way to the US as the underground fibre optic cables are congested and slow. The signal bounces along the ionosphere of Earth... from Singapore all the way to the US...

https://panoradio-sdr.de/the-world-of-short...ck%20to%20earth.

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Ans lastly, this info is from my HK finance professor who knows people working in Citadel Hong Kong. A lot of these non-bank trading firms, hedge/quant funds do not have solid footing in traditional hardcore finance unlike people who work at investment banks like Goldman, Morgan Stanley or Deutsche. Their backgrounds are somewhat diverse, with people coming in as long as they have a Masters/PhDs and can think/analyze...

My prof confirms that Citadel makes money by taking positions against its counterparties, albeit for a short period of time (e.g. in low-latency HFT trades). Pure "vanilla" market-making will never be profitable...

(A joke from him: He himself applied for a job at Citadel HK and the HR asked him his research field. He said Capital Asset Pricing Model, CAPM. The HR asked him what is "CAPM" )

Hope that helps.

Bro,...

I have just re-opened my Tigers acct,... would like to ask you : What are the pros and cons of using Tiger Brokers to do Sell options ? I see that most Option traders would go for IB.

Like I said many times. Cost.
1. Long term cost savings with IBKR. Why?
The only brokerage which gives you spot exchange rate. No one give that even if priority customer. Maybe your bank give you. But I know I don't have it.
Lower fees Vs tiger.
2. Tiger HQ is in china. I wouldn't trust my finance with anything from China even though they have a MAS license or listed on Nasdaq (I am looking at you luckin coffee). Call me racist. Lol.

No harm if you trust Chinese products. For my own wealth, I cannot trust them yet. It's just personal.

I never use tiger. Tiger is only use for real time price for stocks and maybe ? real time price for option price. Not very sure if tiger is real time. But no importance to me even if it's 1 minute slower as I am not a trader.

You want super nice interface with real time data, tastytrade. They are the one behind TD platform.

I read everything,... including your sarcastic first line,...

Then I saw you've never used Tiger, thot you have tried out most, if not ALL of the platforms out there,... judging by your choice of words. Have you used Tastytrade before ?

It is not sarcastic. I know my banks don't give me spot rates for currency conversion. But I know IBKR does. that is why I am sticking to them.

It is one of my fundamentals because of this quote "Keep your fees as low as possible. Never underestimate the effects of fees long term. A small fees will sink a ship with time". I think it was from Jack Bogle. Not sure where I got it from. Could be wrong. That is why I always say don't give free money to banks.

I have not use tastytrade or want to use tastytrade but I know that they got better desktop interface and mobile interface than IBKR. I know Tastytrade have like lots of video to teach you how to do options correctly for newbies. It is nice of them to provide the tutorial.

Because tastytrade does not offer the service of funding using SGD and they only accept USD, that means I need to send either SGD or RM directly to them, I will easily lose out 2-3% per conversion (force to use banks) compare to if I use IBKR where I am able to get spot rates for my SGD. Long term it is going to be more expensive for me to use tastytrade. I know if I went with IBKR, I save the 2-3% per currency conversion. Remember what I said above. Keep your fees as low as possible.

Choose whichever platform you like. Fees matter but so does returns. It doesn't make sense to use a cheap platform and compromise your returns. IBKR is like airaisa. Give you the barebones. You want real time stock data, you pay for it. You want real time options price, you pay for it. Keep in mind some package that you pay on IBKR will be refunded if you can hit say USD10/month in trading fees making it essentially free.

Correction, I use Tiger to get free real time price for stocks and ? options. I am not paying IBKR for that. I don't buy and hold or trade anything on Tiger or intend to use Tiger to buy and hold or trade.

fee increased to 0.6%

sending via Wise just got more expensive

Hi. Recently I updated some settings on my IBKR account, and was asked to give my Mysian tax no to them, as well as uploading documents like ic and proof of address. Just want to know you whether we can refuse to submit our tax no to them?

Hi. Recently I updated some settings on my IBKR account, and was asked to give my Mysian tax no to them, as well as uploading documents like ic and proof of address. Just want to know you whether we can refuse to submit our tax no to them?

No cannot. Cause that way they know your money is legitimate and you are paying taxes on it.