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I think you need to adjust your figures. I don't work for IB but here is the way I understand it: IB Policy on Short Balances: IB calculates interest on credit and debit cash balances using daily rates applied to end-of-day settled cash balances. The interest methods conform to...

Not that I've received. Try this: http://www.elitetrader.com/vb/showthread.php?s=&postid=1017138#post1017138 Jack

From another thread with a post by IBj: 3.5 means 3.5% as the benchmark for the rebate rate calculation (instead of the daily posted BM which is today around 4.55%) in the event you actually short the stock. This is an indicative rate only. It seems to me the problem with posting a real...

IB's 1099 has the breakdown. Are you saying that a different IRS form, that is part of your return, has a specific line for futures commissions? Please advise what that form number is. Jack

Andy: Congratulations on a profitable year! Think of it this way - Suppose you had a loss instead of a gain. Where would you enter things? I'd stick with my suggestion. If the IRS review notes a discrepancy you'll just get a letter asking about the difference in the numbers. A...

It's been a while but I don't think I'd do the magnet routine unless you wanted to render the hard drive useless. If I remember correctly today's hard drives are "low level" formatted by the manufacturer and we users do the "high level" formatting adding the FAT, NTFS, whatever variant Linux is...

Andy: Futures are easy Take the Total from Line 1 , (Realized Futures Profit/Loss) and either subtract Line 4 (Commissions Paid) from LIne 1 if you had a profit, or add it to Line 1, if you had a loss. If one case you decrease the profit, in the other you increase your loss. On Line...

Andy: I use TaxCut. Are you concerned with Futures or or Options or Stocks? Jack

As an interesting aside. Most of the systems that Attain trades for its clients have performed very poorly this last quarter. They discontinued sending daily performance reports to non-clients last week. At that time 60% of the day trade and swing systems they reported on were losers for the...

Redundancy is a factor. Depending on the quad board design a failure could cause the loss of all four screens. With two cards the probability of losing all four monitors simultaneously goes way down. I'm sure someone else will chime in on the performance issues, if any, for trading. Jack

Well at least tell us how long it took to get the check! Has it cleared yet? Jack

The problem quoted above was operator error. Recalculation after a strategy has been backtested is a user selectable option. Although it was not available to you, Ward has an excellent customer support policy and telephone or email support is free and without a time limit. You might ask...

The original post by ggoom was made Friday evening after the market closed. I assume most IB people have a life (unlike us) and are gone for the weekend. I think ggoom's point was made, clarified, and responded to in the first series of messages. The rest of the thread is, in my opinion...

I noticed that your machine is being delivered with a formatted disk only. I assume you will be installing the XP operating system. This implies that you will not know whether the various components play well together. I'd ensure that you get the drivers required for the motherboard and all...

Blogger- ggoom says - " However, when I remove liquidity (for NYSE stocks) it is often executed against Timber Hill while either NYSE or ECNs are at NBBO. In many different threads an IB rep has pointed out that IB (Timberhill) only takes the trade if it matches or is the NBBO. I think...

Art: Do your "Calendar" biases take Options Expiration and Futures Expiration days into account other than being covered in a general way over time? From your introductory posts it does not seem to be the case. Jack

I'm not an options trader but - Why do you think they have to be exercised? They are often bought back or sold, so the only money required is the delta between the otion purchase/sale price (premium) and the sale/buyback price (premium). If they are exercised a large amount of capital...

Active Trader still for sale?

I better not trade today. This is not jumping off the page. If I have a F&F account with sub-accounts, one for me, one for my son, one for my daughter, and one for my grand-daughter, then you have four customers for IB and insurance/NASD purposes? Jack

Please confirm my understanding - Only the Advisor is a customer, individual sub-accounts, no matter in what name (tax ID), are not customers. If a person that has a sub-account, say a family member of the advisor, has a separate account apart from the F&F account, that person would be a...