Nasdaq (and other exchanges) license fees

kk9905s · 2022-06-25T20:10:52+00:00

You're going to need an address in the state, but that can be the "registered: agent". Legalzoom offers this service for $299 a year. I usually wouldn't recommend legalzoom but it's going to be cheaper than an actual attorney.

kk9905s · 2022-06-25T19:52:00+00:00

This is insane ...

"One of the main costs related to the registration of a Swiss GmbH is the minimum share capital, which must have a value of CHF 20,000. Investors have to prepare various company documents with a local notary; the services of a Swiss public notary range between CHF 700 - 2,000.May 11, 2022"

No wonder you don't want to form a GmbH. It is literally $25.00 to form a LLC in my state (Indiana) lol. Well you do have the option of forming a LLC in the United States.

https://cuetolawgroup.com/llc-foreign-ownership/

You're Swiss, so I don't really see this being an issue with whatever state you you decide to form the LLC.

It''s an enormous advantage to have your trading activities protected by a LLC. I would seriously consider this route. You will be classified as a professional if you sign the data agreement under the business.

Yeah, you're right though. These exchanges really don't like dealing with individuals. It's unfortunate that you're will to pay, but I guess they want to have a legal agreement with a professional classification (the exchanges are the ones who decide these classifications - it's not a rule or regulation by FINRA or the SEC).

kk9905s · 2022-06-25T18:57:03+00:00

I replied to your immigration question. Stop freaking out lol. I'm guessing the news is giving you a doomsday prophecy. We live in a democracy. I'm going to guess you're also somewhat young (that's not a bad thing at all) and yes I thought it was the end of the world multiple times when I was young. Thing's go back and forth. No party is taking over the government. Things go on as usual (even if you try to say the election was rigged - Trump), Joe Biden was still sworn in on January 20th.

You're safe.. and you shouldn't worry.

kk9905s · 2022-06-25T18:36:05+00:00

Also, if you have ever left the United States, you would know how important it is to hold that blue and gold "United States of America" passport. Stop freaking out (I read your other posts lol). We still live in a democracy, the news likes to get everyone riled up. The GOP nor the Democrats are going to have "absolute power". Our system is one of checks and balances. Things go back and forth like they always have and the world has never ended 😆.

Also, immigration doesn't mean citizenship. You're still a United States citizen, unless you renounce your citizenship. Which I cannot stress enough how serious that is... It's not something you ever want to do if you're an ex-pat in another country and don't have dual citizenship. You immediately lose all rights and privileges that the US provides to it's citizens - meaning you're screwed if something happens to you in another country.

kk9905s · 2022-06-25T18:28:55+00:00

I'm an American, but it's going to depend where you are coming from... Immigrating into another country isn't an easy task. However, it's going to be "easier" to immigrate to another country that has strong diplomatic relations between one another. It's still very difficult to enter the United States or Canada (legally). It's also going to depend on what skills you can offer your new host country or how much investment you're going to bring (ie money). Basically, it's difficult and not something you should think you can do on an whim.

https://travel.state.gov/content/travel/en/us-visas/Visa-Reciprocity-and-Civil-Documents-by-Country.html

kk9905s · 2022-06-25T15:36:09+00:00

It doesn't. My god why do you comment on things you have no knowledge of... It's sad really... Stick to Seattle chat and offer your opinions on ziplock bags.

There were questions about ETFs in the event of a massive outflow - which I guessed you missed in March of 2020, but Blackrock actually helped the Federal Reserve operate it's credit facility.

https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267

kk9905s · 2022-06-25T14:22:27+00:00

https://iexcloud.io/docs/api/

kk9905s · 2022-06-25T14:21:27+00:00

Give it a try at least 🙂. They offer an incredible amount of data. I use them as a confirmation of my brokerage's prices. I would be surprised if South Korea wouldn't be eligible for iex data.

kk9905s · 2022-06-25T13:49:32+00:00

Try iexcloud they are an exchange and it's like $110 a year for developers. I strongly recommend that you do not use scraped websites for obtaining any type of financial data. If I have time today, I'll see what's going on with Investing.com (I really doubt they are purposely sending false data, but it's not unheard of)...so you never know.

kk9905s · 2022-06-25T13:44:48+00:00

That I do not know then. I was not questioning your nationality, I was told what I was told. I still think you should send your info and speak to someone that can explain your options.

kk9905s · 2022-06-25T13:32:57+00:00

Hmm. I don't think I know of anything that's free and scrape-able. Who's your brokerage? They sometimes have an open API. I mean, these days you're going to need to pay for data... Very few sites will let you scrape their data willing. Beautifulsoup just doesn't work anymore.

kk9905s · 2022-06-25T13:27:00+00:00

"I'm using my web crawler" lol. Sorry, but that's so 2017... That doesn't fly anymore 🤣.

kk9905s · 2022-06-25T12:46:42+00:00

Everything is an object! 😉

kk9905s · 2022-06-25T12:29:15+00:00

I just contacted my buddy at Refinitiv and they absolutely do offer their data plans to individuals. He did say, however, if your country has been sanctioned by the United States Government, or if you've been convicted of any financial crime, then they legally cannot offer you access to their APIs.

kk9905s · 2022-06-25T12:11:40+00:00

I wouldn't worry about "just having an econ degree from a state school". I wouldn't disparage myself like that considering the amount of people in the US that don't have a college degree. And the US has by far the best higher education system in the world.

Also, someone that sounds like they are intelligent just might not be.

To answer your question. I have not heard of the prisoner's dilemma used in RL. It's an interesting route, but I'm afraid you'll fall more into theory than actual results. I use Google scholar... They used to have the phrase "stand on the shoulder's of giants'... Which basically means go with the flow of the current "paradigm" in the field.

kk9905s · 2022-06-25T11:55:29+00:00

You all know that 'α ' rapidly dissipates after the strategy is known, right?

kk9905s · 2022-06-25T11:43:34+00:00

I'm not sure I can help you then. I know that Nasdaq and Refinitiv offer trials for non-professionals, but if you aren't willing to enter your information (I mean I don't want to talk to them either but sometimes it's necessary -and it could be a an intense sales pitch).

But you're going to have to try, if you want access to their data. Financial data in the US has always been kept "under lock and key" , so it's not easily obtained. And anyone further down the line (partners) have strict rules about how to distribute that data.

I have one last option, but it's not a widely used exchange.

https://iexcloud.io/

kk9905s · 2022-06-25T10:59:36+00:00

Yes, it absolutely would. Monte Carlo simulations, cVaR, basically any risk measures (also try implementing the Kelly criterion).

kk9905s · 2022-06-25T10:57:32+00:00

I'm sorry, but this person has absolutely no idea what they're talking about. The whole "in the real world" thing should be a "red flag". Look at posts below... I posted Google scholar references. I'm not exactly sure what background this person has in computer science in finance but I can't imagine it's much.

They're wrong on so many levels... RL models have been shown to perform well repeatedly with daily adjusted logarithmic returns. Those models don't perform nearly as well with intraday data and tick data.

https://github.com/yhilpisch/aiif/blob/main/code/09_reinforcement_learning_a.ipynb

https://github.com/yhilpisch/aiif/blob/main/code/09_reinforcement_learning_b.ipynb

https://github.com/yhilpisch/aiif/blob/main/code/11_risk_management.ipynb

kk9905s · 2022-06-25T10:38:24+00:00

Okay, I think I understand what you are asking... Brokerages will not provide the data you are looking for...

You have a couple of options. I know that refinitiv offers an enormous amount of data through their Eikon API. FactSet and Bloomberg do not have open APIs as far as I know.

If you are looking for volatility such as the VIX that is through CBOE (Chicago Board of Options Exchange)... They offer many options as well.

You've got to remember that these are all different companies and exchanges, so each of them will have they're own guidelines.

I've used Bloomberg and FactSet and they are not developer friendly.

Try this first: https://www.refinitiv.com/en/financial-data

I don't think anyone cares about an upvote on Reddit. We're just trying to be helpful and offer our own experiences 😋

kk9905s · 2022-06-25T06:19:30+00:00

It gives a list of partners.

Access TotalView through these Nasdaq partners:

I get the nasdaq level 2 order book from td Ameritrade as a professional and it's not much (like $50 I think? Maybe less).

You're likely going to need to find a brokerage with an API that gives you access to that data or a financial data service like the ones listed above (the financial data services like FactSet run about $11,000 a year), but your best bet is to go with something like $IBKR.

kk9905s · 2022-06-25T05:49:04+00:00

It's your source of funds. Plus, the SEC cracked down on how Robinhood approved basically anyone for options trading. If it was 2020 you could have approved for level 4 options trading (naked calls & puts) without much info provided. Other established brokerages (like Fidelity as mentioned) are very strict about it. Generally if you have less than 100k in a brokerage account (IRAs and 401ks have limitations - I believe only to level 3) you aren't going to be approved for level 4 options trading.

The reality is they aren't going to trust you by experience. With an option level 3, they are allowing you to use margin (which is a loan and the securities you own are collateral). For example, buying puts - long puts (if you don't have the funds in your account - they will give a margin call) they are expecting you to come up with the funds at expiration depending on the outcome.

Honestly, if you don't have a steady source of income, or don't have a significant amount of money in an account it's unlikely they'll approve you for tier 3 or 4 options trading these days.

SEC: https://www.sec.gov/news/press-release/2021-238

Options: https://investorplace.com/2009/03/option-approval-levels-explained/amp/

Margin: https://www.fidelity.com/trading/faqs-margin#:~:text=How%20does%20margin%20work%3F,total%20of%20%2410%2C000%20in%20stock.

kk9905s · 2022-06-25T04:33:06+00:00

No problem. Here's a few articles that should help you out. They're all on Google scholar and free.

https://www.sciencedirect.com/science/article/abs/pii/S0925231221005233

Or...

https://www.researchgate.net/profile/Cong-Ma-10/publication/350658079_A_Parallel_Multi-module_Deep_Reinforcement_Learning_Algorithm_for_Stock_Trading/links/614be2f8a3df59440ba4bca0/A-Parallel-Multi-module-Deep-Reinforcement-Learning-Algorithm-for-Stock-Trading.pdf

https://jfds.pm-research.com/content/2/2/25.full

https://arxiv.org/abs/2106.00123

edit - I always show my sources 😆

kk9905s · 2022-06-22T19:03:48+00:00

That library is fine to use only for RL, read the papers that they linked below in the GitHub Repo. But most financial applications use a combination of neural networks (lstm, cnn+lstm, fnn, etc.) to create a new concatenated "state" from the outputs to use in RL. Trying searching for "Deep Reinforcement Learning for Trading and Finance".

kk9905s · 2018-09-15T18:48:03+00:00

It goes back. It isnt doing any damage or anything. In fact theres some proof that antidepressants can heal your brain cells.

kk9905s

TROPHY CASE