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The answer to your second question should be no as IB uses real time monitoring of your equity. But best to check with them.

If you omit reporting something your broker hasn't reported on a 1099 form, it would be difficult to be caught. But . . . 1) You might randomly be subject to an audit including a review of your broker statements. 2) When your broker is audited, it might include an examination of their...

Another reason to trade forex through IB or a broker that makes the rollover purely a financing issue. With IB, there is no rollover. Just interest earned/charged based on your cash position in each currency at 5pm Eastern Time.

I went with the dual nVidia cards Dell offers. The computer came with the cables for connecting 4 monitors. I use with 3 monitors (22 inch) including one for charting and it works fine. The only upgrades I recall doing on that system were the larger power supply and some additional memory...

Communication from the vendor hasn't been particularly clear. Seems to me you could open the brokerage account to get QT for free and still can your data from IB. I'm like you in that I've just been using the free version. It really helped my trading. Going forward I'm just going to pay...

We thought he was talking about the token device.

Related to all this, my token device failed some time back. Some digits were disappearing and it was unuseable. Perhaps just the battery. But here were the steps to replace. 1) Call IB to report the problem. Answer multiple questions to get a temporary passcode to use during login. 2)...

Plus they'll deduct the cost of the lost card which is at least $100.

The cash FX translation gain/loss covers all changes in value to your FX account as measured against your base currency. This would include some FX trades (i.e. that don't originate with USD) as well as changes in the value of your foreign currencies as measured against the USD. To me it's...

In TWS there's a OCA feature (one cancells all). You can put in 2 or more orders with the same reference and when one executes, the others cancel. You can also set it up so that if you have only a partial execution, the other orders either completely cancel or are proportionately reduced...

I get many executions on NYSE listed securities that are SMART routed at something other than a whole cent per share. For example, yesterday I had a 100 shares limit order to purchase SO at 31.18 and it was executed at 31.1798. This was not 98 shares at 31.18 and 2 shares at 31.17 but rather...

The prospectus for an ETF such as SPY spells out the process for an investor to turn over the underlying shares for ETF shares thus creating new marketable shares. This can be done at any time by any investor. The trustee simply holds all of the underlying shares on behalf of the ETF.

AMR 9% bonds due in 2016 are selling for about 50 cents on the dollar. Worth considering for a longer, high yield holding. I expect they will be one of the survivors.

My account is essentially 100% invested in long term holdings, much of it generating interest and dividends that I exclude from my trading stewardship. I've just never found the need to conduct my trading out of a separate account.

You can make money trading. I've been doing this "hobby" for ~ 15 years, ever since Internet trading became possible. I had some good years ($30-50k) and some bad years. Was up a bit over the years but broke out a couple of years ago with profits of $152k last year and $374k year-to-date...

STU (Student Loan Corporation)

It doesn't make sense to me either if there's only one exchange that trades the security. But it makes perfect sense in other cases. For example, you want to buy 1000 shares of a stock at 5.00. ECN A is showing 20 bid @ 4.95 / 20 ask @ 5.05 ECN B is showing 5 bid @ 4.90 / 5 ask @ 5.10...

She won't.

Thanks Sarah.

IB's daily account statements show both settled cash amounts as well as a projection of cash post settlement.