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I love it too given what I saw on my paper account! Now if it'd only work on my live account...

Ha ha. Though my beating w/EFPs was from my tax lawyer, but my interest was inspired by the MAN.... (different thread: but I do have all the answers on tax treatments. Too long/complex to post. Long & short is, between straddle and anti-conversion rules, the only upside is beneficial...

I've been trying out the new TWS beta 875 (started with 875.0c and now at 875.0e). For me, View > Account the first time brings up a window saying an error has occurred.... asking if I want to send error report to IB (of course, yes). Then after that, View > Account does nothing. If I...

I recall seeing it as LiquidNet somewhere but now I can't find that reference.

There was an acknowledged issue yesterday per an email notice and TWS bulletin I received. However, I will second the comment on the execution window blotter being not totally trustworthy -- it appears to be accurate if and only if Istay continuously connected on one PC throughout the day...

OK, with some June ETF distributions of LT cap gains, I noticed that they appear simply as "Dividend" on my IB stmt. Can I trust that this is just a limitation on the stmts and that they will correctly be accounted for at 1099 time? (Well, I will actually check then. I guess what I'm really...

Thx

Curious to know qwho the data provider you use is.

Because once you buy stock, you no longer hold USD cash. Thus you need 2% margin for the USD position, and then whatever margin for the stock.

Let me rescind my statement as I just remembered that the straddle rules are one sided (deferring a loss, but not a gain), so it is irrelevant. Though you may still want to designate an identified straddle to avoid a hedged stock/SSF position from interfering (in terms of disallowing losses)...

Can you qualify as an identified straddle under sec 1092? If so, can you defer the gain by rolling over the SSF position only once you sell an EFP (starting from flat).

The EFP is not its own contract. It is a paired transaction w/the stock and SSF. IB has special pricing for executing EFPs. The other innovation is that of a market for quoting EFPs.

That's exactly my belief -- I think "prop up confidence" was certainly the motivation but bec of communications w/the street issues, the opposite happened. I would think a clearer statement expressing confidence, maybe a conf call, and the like would have helped. It cannot mask any future...

Wow -- learn something new every day. The Gold behaves the same way (i.e., wrong PIN, no error).

I've had mixed experiences -- the thing that irks me the most is that certain issues have no predictable response time frame....

Or a late print or a large block (though the latter will occur less after NMS sets in).

I am intrigued by the comment that TP purchased the claims so he can personally pursue them. Is this legal under German law? In the U.S., generally only insurers and lenders have subrogation rights. You may assign a claim, but not the right to sue to anyone else. The other comment that the...

This particular loss wasn't deal related. Not much you can do about info leaks other than scale back, widen spreads, etc. Rather, this looks to be a manipulation -- but, I maintain that it was a risk whichCOULD have been identified with proper scrutiny of the exchange rules on how the options...

I have to concede, there is a potential credibility issue here -- why has options MM suddenly become one "incident" per quarter? Or better yet, where are the quants who should've detected the possibility of being screwed by a weird adjustment policy on Eurex? Also, I don't quite get the...

This is a true statement. The idea of introducing the EFPs was to allow people already in positions to switch to SSFs, and to create a simpler arbitrage mechanism to keep SSF prices in line. EFPs are just a cheaper and simpler way to conduct opposite transactions in the SSF & underlying.