Recent content by FuturesBod

You may have mis-read my post, I stated that "The market maker will manage his book for *everything* that is on his book to retain a largely neutral stance." (By 'everything', I meant within that particular name'.) This is in exact agreement with your reply about them wanting to hedge...

Yes, that part is right, the option is the right but not the obligation to transact at the agreed price. The incorrect part is that the broker is forced to then buy the 100 shares that you *may* be long should you exercise...and your ability to exercise is also dependent on the kind of option...

With respect, this isn't how it works. If you buy a call option, the other side of your trade is typically taken by a market maker. There is much written about how market makers work (and its not an obligation to buy the underlying physcial) so probably best to google that rather than me cut...

Sooooo, further to Nomad999's post, here's this from PWC. I'm not an accountant so I don't see how they can claim there aren't any CFC rules yet if the company is controlled from Malaysia then it is tax resident there. Perhaps the rules have changed...

My understanding from the major accounting firms is that Malaysia has no CFC rules at all and overseas income is not taxable as long as its not remitted. However, Nomad999 has a point, the question is whether the trading income would be considered overseas income if the work is being done IN...

Some key points (some general, some specific to financial traders): - understand the difference between tax residency and domicile status. - live somewhere with remittance based taxation and where you are NOT domiciled. - remittance based taxation can mean that even if you wait some years...

okay, so it seems the requirements to start a private conversation are somewhat excessive. sigh. I'll see if I can try to write something less personal then.

Georgio - PM me. (seems I need 30 characters to post that!)