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i really like WCOM. a stock of world records. - maximal # of shares ever traded in a single stock on one day - maximal # of shares ever traded in a single stock in one week - maximal % loss ever achieved overnights with a big cap stock and it is not just dying - it explodes into a real...

bankruptcy imminent

S&P will hit 700 earlier or later.

AND IS SUCKS

good question, i think this is due to your account base currency, when you do not trade cross-currency. the currency commish is more if it is taken on an EUR basis (since EUR is - was less worth than one USD). also possible: the currency bought determines commission currency - and therefore...

1. futures commish 2. yes, the same 3. an universal account has many hidden subaccounts, i assume (e.g. USD stocks, USD futures, EUR, HKD, GBP, ETC), they are IB internal

example: i have an USD-based account with all USDs in it. i trade ESTOXX fut. 20 days, close always intraday, 20 rt. per day. the commissions are taken from my EUR subaccount, which gets into debit. however, i made decent profits with the futures... after 20 days i have made 10000EUR...

forgot: the FX spread is not like FX brokers, but you can put in a limit order on IDEAL (between the spread)

yes, that's it, with the exeption there is no "have" or "must". you can carry around your balances, p/l, as long as you want (e.g. you trade FESX 1 month, and convert you profit once a month)

The universal account will put ib in front of the industry, like they were when they came out in 1998(?) with their first retail products.

George -- No, Noooo, to convert you just buy the currency which you are in debt with, you do that via TWS (symbols: EUR, USD, GBP...) on IDEAL. Then the currency commissions are applied.

GeorgeSoros: no, you can hold the debt/credit p/l balance as long as you want and convert whenever you want or not at all.

just: e.g. write an interface to realtick and place orders via activeX with the quote data from rt.

yes...

-8 calendar days i think. just look where the volume is.

realtick

YES

in TWS via symbol USD on IDEAL. you buy USD. sell EUR. how come your - USD amount ?:)

hmmm... i only heard 20th on another board, if u want 2 be on the save side, better open it.... :D

i am sure these are for educational purposes... also, not to forget major points from this report are from 1992, markets changed considerably since then (outcry --> electronic move), i think it is save for us to forget this and continue own research ...:cool: