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If I understand what you did I think your 2007 return is incorrect (but your tax paid was OK). The rules state that you must apply long-term losses against long-term gains and short-term losses against short-term gains. Then apply L/T against S/T. You appear to have applied $3,000 of your...

If you think a couple of thousand dollars is a blown away S&P eMini futures account I'd strongly suggest you never trade futures. Overnight margin runs around $5K for one contract. What do you think a prudent account size should be to trade a single contract? At what $ amount or number of...

Yes. But they cancel after 90 days if you don't login to your account. See: http://individuals.interactivebrokers.com/en/trading/orders/gtc.php Jack

And how would you handle an early exercise/assignment? It does happen. Jack

I'd say they have made a business decision to send the entire thing and let the user filter as required. Any large shop can very easily and very quickly customize and distribute the data as it is being received. If they have a requirement for truly-real-time data they probably have exchange...

What is missing here is true price improvement and other costs. Def's link compares IB to the entire industry. It does not state it just applies to direct access brokers. So I'd not use the full IB price improvement claim, but a fraction thereof. I think most people will acknowledge that...

Who: In general a direct access broker gets you better execution. If you improve your buy or sell by a penny per trade your are already ahead even at a $20 bundled commission cost. However, your question can't really be answered without a bit more information. IB's unbundled rates may or...

Here is the initial IB schedule. As in years past, they've been known to issue and revise. Reporting Dates All reports will be provided by the end of the day on the dates specified below. Form or Report----------------------------------------Date 1099s - All...

UT: Here is a quote from FINRA, one of the industry's regulators: What is my day-trading buying power under the rules? You can trade up to four times your maintenance margin excess as of the close of business of the previous day. It is important to note that your firm may impose a...

UT: THe settlement date, can, for all practical purposes, be ignored in a margin account. The basic margin requirement is set by the Federal Reserve. It is called Regulation T. The Fed sets the minimum margin requirements for equities. Your broker can set higher requirements if they...

Modification of 5 Percent Overnight Price Limit Rules for Equity Index Futures ...... On Sunday, January 11, 2009, CME Group will modify the rules regarding the 5 percent overnight price limits for U.S. equity index futures traded on CME Globex during the ETH session. These modifications are...

The statement above is not clear. Do you have a $50K account or a $25K account. That is, do you have $25K in the account in long positions and no cash\debit balance or do you have $25K in long positions and $25K in cash? Jack

Go Here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=149700 Don't forget to subscribe to the new thread. JackR

You may day trade in an IRA account. I know IB offers this capability and believe TOS does as well. From IB's Web Site: US resident customers may open cash or margin Individual Retirement Accounts (IRA). IRA margin accounts may never borrow, but are afforded all the other benefits of a...

IB does not provide T&S real-time. You must be looking at it "after the fact". Any charting package giving you streaming T&S based on IB's data-stream is showing you an approximation. IB uses a "snap-shot" method of transmitting transaction information. In essence, they sample the data...

I'm not sure I understand how you computed. Your link goes to Options Express. Did Schwab buy them? Schwab\OE? at "Active Trader" rate 25 contracts = $31.25 =$1.25 contract IB - Less than 10,000 contracts month 25 contracts = $17.50 = $ 0.70 contract That is close to 1/2 the Schwab...

Where are you getting your data feed(s)? Jack

IB_Joe: In reference to the link you provided: Well written and informative. Gathers a bunch of data together. I saw nothing about a delay in releasing funds to a customer while awaiting settlement. Here at ET such a delay can result in much moaning and casting of aspersions. You...

It depends - If you receive the data as a candle from your data supplier or broker you cannot get the info. The 5 minute candle is the finest resolution you get. Same would hold true with any aggregated bar or candle. If you receive streaming data (see below) from your source and your...

Bank - FDIC $250K per covered account (Currently to revert to $100K at the end of 2009) SIPC - $500K total per securities (stocks and stock options) account of which up to $100K may be cash. Futures are not covered in any way by government or quasi-governmental entities. Jack