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Just add enough experience to get past the application stage. Don't create roadblocks.

Yep, In the USA they get portfolio margin also. Not in Canada for us either. Sucks

Because you are Canadian. And in the SIM account your still Canadian. 3.3 is the max we get up here. Jurisdiction will change the marginability

Best to get industry experience as a Trader first at a good firm IMO . . . It's easier than being self-taught and you'll learn from those around you. Then going out on your own is easier. Good Luck!

Just limit orders isn't enough. Smart-router at IB will give price improvement over the bid-ask spread generally. Limit orders resting on an exchange can benefit from smart-routers that re-route if they see it's marketable on another venue.

Anyone know when the 2022 leaps come out for IBKR?

I pay about $900 CAD a month on likes for one of my businesses. Basically to pad the metrics when we send out the monthly metrics to clients.

CEO said it was due to Currency controls/restrictions make it hard for operations there. This is why they haven't gone into South African equities either. Not impossible but makes it harder. They are working to onboard Taiwan, South Korea, and Thailand as new exchange offerings but have been...

Hi, I run a investor group on facebook with about 4,600 members. To boost engagement, i'm looking to create an online stock trading contest with my firms logo whitelabelled on it. So far i only have 1 quote from Stocktrak.com and its $15,000 USD per year with a $2,500 set-up cost but can...

Stable coins are all the rage, since they're easy to make sense of. Libra is the start. They will make one for Euro, HKD, AUD, CAD and all the other main currencies.

Complete curveball today with IBKR launching a simulated sports bettings exchange. New clients can get up to $1,000 in free trades if their demo sports account does well...

The high short margin requirement is likely from the CEO. Below was his comment letter 2 years ago before the futures came out. He even took out a Full Page Advertisement in the paper warning about Bitcoin. Re: Dangers of Clearing Bitcoin and Cryptocurrency Derivatives in Same Clearing...

Hi, Thanks for your reply. Was starting a new job at a crypto Exchange launching and wanted some basics as i'm only familiar with equities, options, futures. Luckily they haven't sorted out the liquidity providers yet and that seems up to me to sort out. Spoke to B2C2 the other day. Very...

Hi, How do Crypto exchanges hedge exposure or make markets for their clients? Beyond just the pairing of buy and sell orders. Anyone have any firsthand info?

IB restricts me whenever I visit Burma. Says it has to do with the Patriot Act in the USA even though Sanctions were lifted before Obama left office. A simple free VPN gets around the Geographic restriction though.

Not talking about rebates for the stock exchange maker-taker business model. Talking about payment for order flow selling retail orders to High frequency traders like citadel.

Fidelity doesn't.

Do you do TCA(Transaction Cost Analysis) on your executions? If you're unclear on the cost of your broker's routing procedures, why not quantify it?

True but what about measuring price improvement over NBBO? If what gives you significant improvement over a big sample than that would rank alot higher.

It's true that it's hard to quantify. However in professional settings, Transaction Cost Analysis(TCA) is a big thing to help measure the effectiveness of the Smart Router. Most discount brokers will never provide this to their clients as it shines a light on the sub-par executions.