Search results

The news sources which state that Mr. Peterffy personally bought these shares in MF Global are erroneous and most have already corrected this. The shares were held by the Company as stated in the 10Q. It's also inaccurate to suggest that client money or assets were "intermingled" with firm...

Newwurldmn has it correct. This has nothing do do with market making activities but rather was a strategic investment consistent with the proposed deal with MF Global that has been publicly reported. It's a nominal amount relative to firm capital and it's been publicly disclosed at the proper...

While this transfer appears to be inaccurately reported on your activity statement, the relevant question you should be asking your transferring broker is whether they will also treat it as a sale and report the proceeds on your 1099 for 2011 (which is filed with the IRS). Most brokers do...

If our default settings or visual indicators are not what one desires, they can set their own margin cushion alerts through the TWS. The alert message, once triggered, can be viewed via the TWS, email or SMS text message. This feature can be found by selecting 'Alerts' from the Analytical...

I'm going to (politely) disagree with your recommendation and speculations. Sending a real-time email at expiration when an option goes in-the-money without consideration to the time of day or frequency at which it is sent would appear to add little value and is likely to be viewed as spam...

I believe we are essentially saying the same thing albeit with some differences in timing and perhaps frequency. For example, it wouldn't be practical to provide the clearinghouse with mid-day instructions to lapse an option as the client may later sell that option or enter into a spread...

Auto-exercise, or Exercise By Exception as it is often referred, is a clearinghouse process intended to ease the operational burden of clearing members having to inform the clearinghouse as to which options to exercise. In the case of securities options, OCC has a threshold by which all options...

marshg, I can't speak for those two brokers, although I'd assume they'd post this type of information on their website. In the interest of full disclosure, I am employed by Interactive Brokers and am therefore explaining what we offer and which I'd assume others might offer as well. In any...

The fact of the matter is that no financial institution, bank or broker-dealer, is going to pay more than what they, in turn, can reinvest your cash balance in, less some spread. In the case of a broker-dealer, which you must use for effecting securities transactions, that broker-dealer is...

The link below may assist in better understanding why you received this message. If not, please feel free to send a private message and we can look into the specific details of your account. http://ibkb.interactivebrokers.com/node/226

Applications are considered for approval in the order received, however, it should typically take no longer than 1-2 days, assuming you've submitted any requested identity/address verification documentation and you've responded to any email/phone inquiries our Compliance group may have. One...

IB calculates and displays a margin requirement on the entire portfolio of positions held in an account even if the account holder has paid for the positions in full and has not borrowed any funds to effect their purchase. This is done to support real-time credit check processes and is necessary...

The term 'generally' is used as certain eligible investors referred to as Qualified Institutional Buyers or, QIBs, are not subject to this restriction.

No. The KOSPI 200 option is a securities product as it has the cash index as its underlying. U.S. residents are generally precluded from trading non-U.S. listed securities options due to regulatory concerns. Note that the Korea Exchange also lists a futures contract based upon KOSPI 200...

hopefully, the link below should answer your question. It also includes a sample calculation: http://ibkb.interactivebrokers.com/node/56

I apologize, but i'm not certain I fully understand your questions. It is accurate that a linked account can only be in the name of a given individual and you cannot add other individuals to the account as an owner (e.g., link a joint account to an individual). You can, however, add additional...

Correct, there is a single user in a linked account. I'd need further clarification as I don't understand the reference to "...and facilities to Tax..." Market data is only paid for the single user as they can only operate a session for a single account at one time. If you add additional...

On an individual account you can have one additional user (for the account owner) up to 15 for users operating under a power of attorney arrangement (e.g., for family members). For master account structures, the Friends & Family provides for the creation of one additional user (for the...

When you add a second user (regardless of which type) you are not creating a new account but simpley a different point of access for the same account. Thus there is no partitioning of the assets within that account. Either user can trade the account. If you are adding a second user (which...

When you create a linked account, the accounts are linked by a common User Name and given User Name can log into only one session at a time. It is only after login that the User defines which account he wished to act upon (through a drop-down window in each of Account Management and...