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A PM was sent to the OP offering to review the audit trail of the trades he believes to be unauthorized. This audit trail would allow us to confirm the user who logged into the account and submitted the orders in addition to session identifiers such as IP Address and Mac Address. He declined...

Our flagship platform, TWS, operates with an open API and MultiCharts is one of the many vendors who offer software that is compatible with the platform. https://www.multicharts.com/net/features/brokers/

https://ibkr.info/article/1783

It is our problem and has been fixed. Unfortunately, the fix will not be recognized by clients until tomorrow as it's subject to an overnight system reset.

I presume that your use of the term "IB" generically refers to an Introducing Broker and not Interactive Brokers, correct? As you're likely aware, information regarding busted trades is publicly available via Bloomberg time & sales. We were able to identify this particular transaction in that...

Speaking for IB, hard-to-borrow fees, if any, are not assessed until the shares are actually borrowed at the settlement date, T+3 (this assumes that you do not pre-borrow). If you close out your short sale on the same day the trade was opened, you're position will be flat at settlement and you...

Yes, as long as you have cash in an amount and in the denomination of the underling security that is sufficient to pay for the stock should you be assigned on the put (i.e., fully secured). https://www.interactivebrokers.com/en/index.php?f=marginnew&p=opt1

Yes, 4 business days.

Based upon the info you've provided it appears as if you are attempting to create a standing instruction to push funds on demand from your bank to your IB account. This is not going to work as IB is not a bank. Assuming your bank supports it, you can ask them to send a one-time ACH transfer...

What's worthless is the commentary of one who believes that IB's fraud prevention with respect to ACH transactions rests on this single policy or that they are even aware of the framework of controls in place that we choose not to disclose for obvious reasons.

The policy has been in place for more than 2 years. As to it being worthless, it depends on one's viewpoint. IB finds it a very worthwhile practice to minimize exposure to fraud. In the case of current clients, the majority of whom transfer funds via ACH using a single bank account, the impact...

The statement that "...IB doesn't allow you to withdraw the money you ACH in for 40 days, regardless of if they initiate the ACH or your bank does." is inaccurate. There are two forms of ACH deposits offered by IB, one in which the client instructs their bank to "push" the funds to IB and...

If you read what I said carefully, you'll note I made no mention of SIPC protection and what's written in the agreement you've cited is accurate. What is also accurate is that the lending of stock under this program is not unsecured and that cash which comes from the borrower of the stock is...

We don't put that language in our agreement because it's part of the SEC rules. No broker could create a customer agreement that's enforceable if it violated those rules. That is why the language in the agreement which you cited above includes the phrase "As allowed by law...."

A margin account alone does not afford the broker the right to lend out your securities, it's the actions you take in that account. If, for example, you maintain a margin account with fully paid securities (i.e., do not have a margin loan), then, absent a program like the Yield Enhancement being...

To be clear, the lending of securities through this program does not introduce unsecured credit risk. As is industry convention, the borrower of the stock has to deposit cash collateral (often originating from the proceeds of a short sale) with the lender to secure the return of the stock. The...

Yes, but depending upon the delivering broker's procedures, not necessarily simultaneous with the date the position transfer completes.

The answer depends upon the type of security and the date it was required. In 2011, the IRS started phasing in new cost basis reporting rules which required brokers to start reporting information such as acquisition date and cost basis on "covered" securities sales on the Form 1099. Prior to...

An Interactive Brokers employee with oversight over Client Service operations.

Would we prefer that a client understand the terms of the option contract prior to entering into the position? The answer is obviously yes, which is why trading permissions are conditioned upon client representations of product knowledge and prior experience and disclosures such OCC's Option...