Looks like I'm not allowed to edit my post from yesterday?? I need to add 2 other brokers to the list that allow Tbills as futures collateral:
The list is now 4 brokers:
Interactive Brokers - Unconfirmed Haircut - Bills work up to at least 6 Months (I haven't tried longer yet)
RJO Futures -...
Re:BobG
Ah ok, I see now. You are buying a bit more so that you have enough tbills AFTER the haircut. Makes sense, but its going to be a small issue overall. I don't know what the haircut is (if any) at IB, but at RJO its 95% and Advantage futures is 98%. Tradegoodstocks mentioned earlier that...
More than? What cash balance exactly? I might not be following you, but the whole point here is to buy tbills in whatever amount your futures maintence margin requirement is. anything more than that does not have any special benefit.
Have you typically been running a positive cash balance in...
Happy to help. BTW, I should have been more clear about how things look when you test it out:
With the sole exception of accrued interest on the daily statement, nothing in the account window (in TWS) or in the statements will reflect t-bills being used as collateral. Everything will look the...
I just want to thank tradegoodstocks and others for posting about their experience with this. I was actually in the process giving up on IB and moving elsewhere based on IB customer service saying that IB does not allow this. tradegoodstocks gave me the confidence to go ahead and give it a try...
You're not following me. There's 2 trades, not 1:
#1 is the tbills (cash goes to zero)
#2 is Futures options with margin of 44k (cash goes to -44k)
There's so little content out there on this topic and you're not helping. Me and tradegoodstocks do this and are trying to show other's how this...
I can put an end to all this. I do it at IB and it works. But, don't take my word for it, lets dive in.
You can do it too, but IB will not admit to it. I agree they pretend this doesn't exist.
I tested this out last week by:
1) Putting some cash (50k) in an empty Portfolio Margin account
2)...