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Redi and Arca joined forces.... INCA and ISLD may join forces... Does anyone know if any ECNs are joining SuperMontage?? :)

If you never receive an odd lot from your broker it is not a good thing. If you never get an odd-lot fill then you have not been getting true market exposure. Likely your broker was filling your order in house or sending it to a market maker. This means that sure you get a nice round lot...

IB spends a lot of $$$ on systems and programmers. So they offer a good product and a wide array of things to trade. The downside is that they want self reliant traders. I have heard their customer service reps are the lowest in the industry. This means that they are likely overworked and...

That is correct... Covered calls... (meaning underlying exactly matches the deliverable on the option), can be done in a cash account. The monies paid for the stock cover the position. The max loss is covered becasue the stock can only go to zero (and it was paid for in $$). The call...

Is IB offering overnight margin at 4-1 ?? Or just intraday?

True for the most part... Leaps have been approved for margin by the reglators. 75% paid for. 25% marginged. But I do not know of any brokers using this yet? There are many interesting option margin calculations for complex options. Many systems are plagued with errors. E.g. + 50 call...

Correct. All you wanted. Especially when there were crossed markets on the options exchanges. The little guy could rapid fire in cheap trades n options. But the rule applies to "securities" not just stocks.

Everyone OK with their options margin? Does anyone know where you can post for jobs (as in... looking for one) on this website? :)

and with 2 to 1 margin for daytrades only right? This also correct... Vinny :)

All trading firms seem to have been hit by a virus yesterday... :)

Def does this pertain to overnight margin? Can you carry 4-1 overnight at IB? "As of tomorrow, all accounts with over 25K in equity will receive 4:1 margin all the time." -DEF, IB News Thread

That is correct... 3 round trips in 5 days.... the 4th causes the problem.

Many people had to consolidate accounts they did not want to consolidate just to meet this criteria. Some traded options at one broker and stock at another. Others just quit trading... not fair to the little client. Not fair to the brokers who lost busness. It is a good idea to revamp...

Also worth noting.... If you buy 500 shares Then buy another 500 shares... Then sell 1000 shares... That is 2 daytrades. :)

No way it has not gone away... it has blossumed into one huge headache for most people. 4-1 is an Intraday buying power, and not an overnight buying power. By the end of day the day trader must reduce the amount spent from his intraday buying power to his regular buying power. (The 2-1...

If you have $25K in your account you can either be 2-1 or 4-1. It all depends on whether or not the broker has you labelled as a "patterned day trader." The patterned day traders get 4-1, the regular account gets 2-1 If you place more than 3 trades in a 5 day window then you will...

If you have 20,000 in a margin account... You do not have the mnimum equity to be a "day trader" (25K) So, to remain without penalties or restrictions you would only be allowed to trade 3 times in 5 days. The forth trade would put you into a day trading "equity call." And your account...

No problems with Preferred... Seems to be a stable line with good shorting ability. Fast executions and good routing choises for both options and stocks. When will PT trade futures? can we say "e-minis"? Better get ready for Single Stock Futures too!! No Primex however?? what gives...

Want to discuss any of these...?? Initial Margin Option margin Buying Power Excess capital Maintenance Requirement Reg-T Equity call Margin Call the elusive SMA Day trading Let the fun begin... :D :D :D

If youhav a 4-1 margin you can trade your brians out, in and out. So if you have $25,000 you can buy and sell 100,00 all you want. But if the equity falls below $25,000 you will get an "equity call" not a "margin call". If you have a cash account... then you can only spend the amount of...