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common sense? no?

The only game changer for people like us is independent custody and API where we can route orders to multiple brokers from a spreadsheet...

Those guys use much simpler solutions like Wealthify here in the UK (majority of them at least)... Still unsure about the size of the market. AND we want free data for all!

Because API dev time is expensive

And how could lite benefit from free data and not pro? Data has nothing to do with order rooting and execution.

I wonder who this lite account is for? Buy and hold: transaction fees much less relevant in this case. Frequent trader: needs an ApI to say the least. Possibly swing traders holding positions for a week or 2?

True dat!

Strange decision if that is the case. It goes again the IB and IEX core ethos and everything the IB founder has fought for during the last 15 years.

Am confused. Can a Lite customer send their order straight to the exchange or does it have to go to a market maker? And will IB sell the flow to Citadelle like Robinhood?

OK IB neither offers the possibility of blocking short selling in a margin account according to help desk. or even a precautionary setting, giving you a warning when short selling. The only option is to opt for a cash account - borrowing for long only is not possible.

Yes. Will look into that.

I am now reaching the unfortunate conclusion that margined accounts are simply too risky to my taste. I may have to roll back to cash only....

Thank you! Written information, at last! Risky business indeed.

IB's lack of documentation on this point is scary!

That is true. but it has failed on more that one occasion (particularly around corporate actions). Furthermore, such filters can not bind IB legally if they fail. They have cleaned their hands from an operational failure.

Do you have any documentation from IB that lays out cross account liability in the case of a margin call?

Hi, I have just found your extremely relevant question here: https://tinyurl.com/y3qqdgwh I posted a similar one today here: https://tinyurl.com/y4m6lcfl I wonder if you have managed to find an answer since posting it last year? Many thanks, Tony

Perfect - thanks: "it is not margin efficient." From what I understand it is "margin" neutral but not "portfolio margin" efficient. This is something true everywhere it seems. you have to make sure you do not trade with yourself. Great point, but my only downside here would be transaction...

yes

Those filters are over-written when trading via an API. They would equally not cover the short selling risk I detailed in that other post. Let me ask the question differently: although unorthodox, is there anything to loose in partitioning a large account?