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It will be accounted for correctly. The correct method means it will be taxable to you. I assume you bought the closed end fund because it was tax free. I'd suggest you contact IB about the problem. See this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=99531 Jack

Retief: I'd call customer service and ask them how to move the taxable account. I think there may have been a thread here on ET about this within the last year but it might be hard to find. Jack

Retief: Note that Def suggests a second account, not moving. If you trade both places you will be increasing the latency for all your US trades. From my location on the US East Coast the latency to the IB US server is about 50 milliseconds, to the Hong Kong server, about 275. Depending on...

Immoral? Absolutely not. Good business - Yes. I don't think IB's brokerage business is operated to make money on data feeds, they make their money on commissions and margin interest. As you may have noted elsewhere here on ET, IB is not known for hand-holding or exemplary customer...

MidKnight: How did you get the mgmt contact details? Jack

MidKnight: I'd definitely open a Trouble Ticket with Deposits and Withdrawals - Money Transfers as the subject. That should get it where it belongs quickly (or at least more rapidly than things seem to be going for you). It would be my guess that the chat system is not monitored very...

Basically they were purchased by Fidelity and if you live in the US or Canada you get Wealth-Lab as a Fidelity customer. It is free to customers who place 120+ trades/year and have $25,000 in assets Take a look at the Fidelity web site. The interface it used to provide to other brokers...

If you have my problem, it's space. Multiple printers need more space. If you do most of your printing from one computer set it up as the print server. I'm describing MSFT, not Linux or some other system. Then connect your other machines via your LAN. Odds are the print-server will be on...

Max401: The Challenge issued by the IB security server is 8 numbers and only numbers - thus, 99,999,999. If you add the 00,000,000 sequence that could also be sent there are 100 million possible challenges. The Platinum token device is a simple (complex) cryptographic device. You input...

If you have currently have a parallel cable from each computer going to the switchbox and then a line to the printer you are not really "sharing". The printer is connected to whichever computer the switchbox to switched to. For print sharing you would connect your two computers over your...

Dave: My guess would be that IB has no plans to provide "true" tick charts. You said you have QuoteTracker(QT) that you run with the eSignal feed. I'd suggest setting up a second copy of QT with IB as your real-time source and do a comparison between the two running T&S runs. You can...

The system that IB uses sends a "sample" of what is happening at the instant it sends it. They use a time-slice technique and send a new packet of data (of maximum size) about 3 to 4 times a second. Thus, the price you see is current the instant it is transmitted. With this method they know...

Nothing wrong with my facts, it's a problem with your reading and understanding. I said It uses your spare cash and therefore all the funds are not available for margining (performance bond) transfer to and from the segregated Commodities Account. As you point out only about 1/2 to 3/4 of...

Would these wheelchair people be unable to use the passcode card that IB has made available? It requires no special skills except the ability to read. You seem to be unaware of it based on your remarks above. Jack

There are two problems with EFPs as I see it (for a futures trader at IB). It uses your spare cash and therefore all the funds are not available for margining (performance bond) transfer to and from the segregated Commodities Account. If you plan to be out of the market for a while EFPs might...

It depends on the firm. At IB they automatically pay interest on your cash balance. They now pay the "Fed Funds Effective Rate" less .5%. Until yesterday they were paying LIBOR less .5% So using the LIBOR rate for your initial capital they'd pay 5.15% on $140K. IB does not pay anything...

I think the speed of the response is highly dependent on where your ticket is routed. Info requests - quick, technical glitches, not so quick. I've had some same day, others have taken a week. Jack

Here is an extract: Information About Customer Funds Investment and Interest Benchmarks In light of recent market volatility and increased concern over liquidity and credit exposure, we would like IB clients to be aware of our investment philosophy regarding their funds. IB’s Policy...

Q+: What number of tries would you consider reasonable prior to the temporary lock-out? How many tries for the card and how many for the token? Did your customer service contact indicate whether an email would be sent advising the customer of the lock-out and the possibility that their...

I think it depends on how paranoid a view you take of "the threat". The TWS connects (if so selected) over the internet using the secure socket layer. This immensely reduces the chance of your being attacked by a non-government entity using the "man-in-the-middle" technique. So, as you...