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Actually your post reminded me of a section of the code I totally forgot. Sec 1259 on constructive sales. I would imagine that such an EFP would qualify as a sec 1259 constructive sale but this obviously needs a lot more research. Another question yet is if you start flat and go long...

That is true if you're only talking about 10K (I guess that IS the subject of this thread). If you're considering using EFPs to generate incremental income on cash, the incremental is only around 50 bps if you consider IB's 10k to 100k rate. One EFP -- say it's a $50 stock (high end)... 3...

Yes, of course you'd generate "interest" on the full 50k -- you get part of that up front when you "sell" the EFP (well, the present discounted value of it). The dividends received from your long position in the underlying also contributes to the "interest." I also noticed that IB is only...

And EFP consists of two positions.... a stock position and a futures position, and both have respective tax consequences. I'm assuming you're talking about equities and SSFs, and not executing an EFP in the commodities market or some such. What does it mean to use an EFP long term? Did you...

I would assume that the delivery is only at expiration (and not over a span like for commodities), but I haven't read the contract specs in detail yet.

Have you made an ACH deposit recently? As I recall, I was informed by customer service that an ACH deposit causes that value to reset due to a limitation in their system (it isn't coded to enforce the can only withdraw to originating source until a long time constraint so the value is set...

So this was exactly my question!! jimrockford says it's a TWS bug -- I put in a ticket 2 days ago asking for confirmation but haven't heard back yet. On the market maker playing games.... it's also other traders.. You see it less in more liquid markets but in thin markets, nothing...

Perhaps I jinxed myself bec prior to this incident, customer service has usually responded by the end of next biz day latest (per one of my other posts on experience w/CS). Alas, in this case, I still haven't heard back from CS confirming that the commission structure is as advertised and...

Been connected from 8:30 to 6 EDT w/o noticing any issues.

I recall that there is a method available to API users and IB did not plan on publicly disclosing it, but selectively to such users. Of course, whether that is "the third method" or yet a fourth method, I cannot be sure.

Yes.

That's why I am confused. See the blue circled items in the TWS screenshot for a sell of 10:

I have a question on commissions. I thought for < 100 contracts, an EFP is $0.50/contract all in. Yet it looks like, in TWS: 1 contract = 1.50 2 = 2 3 = 3 10 = 10 50 = 50 (i.e., $1/contract with a $1.50 min) And though it says $0.30/contract all in, in TWS: 100 = 80 200 =...

I agree. I will also add that I've had much better success at getting limit orders on combinations filled at IB than anywhere else. I actually find TOS more cumbersome, though most others would disagree. To each his/her own. It is a snazzier interface -- just not sure that it's more...

One other little issue is if the stock goes up, you get a short term gain, but the offset is a 60/40 loss on the regulated futures contract.... On the other hand, the implied dividend yield on the long underlying probably does not account for the preferential tax rate for dividends. Of...

You always assume it's the #. SecureComputing's devices don't output the letters S and O (bec it's a hexadecimal string).

Both hidden and reserve orders, if supported natively (bright green status), will rest on the exchange's order book. Any contra order will be executed against it. A hidden order is almost the same as a reserve order with the quantity shown as zero. I say "almost" a reserve order, because as...

The third is for API use.

I don't understand why this mailing generated the original concern voiced. But if one must ponder what the ulterior motive(s) are, then they're in my opinion: 1. Timber Hill is an SSF market maker 2. IB gets commissions if you trade SSFs and not too many other brokers offer SSFs today, so...

I don't believe so, but you know, it doesn't cost much to try it once. And on AON -- those are not native to the exchange on either Arca or Island, so, it's a totally different beast. I don't recommend AONs that are not immediately marketable -- as they're not in the book, don't get add...