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Did IB recently remove the capability to enter midprice orders directed to specific exchanges (IEX, Island, ...)? I could swear I did just that a few weeks ago, but now I can only route midprice orders to "SMART" with no control over which exchange it goes to.

That's what I would have thought. I have a couple of questions. Why were you not able to see the cash credited in your demo account? "For a fully utilized margin account, IBKR robot will liquidate those boxes legs one by one in spite of last liquidation setting, if there is an event that...

Hello Rainman, I don't know for sure the answer to your question, and also I'm more familiar with futures than with options. However, my guess and my understanding is that you are not borrowing money, but rather pledging part of your portfolio to secure your options positions. It sounds like...

What I know is that futures are allowed in self-directed and self-administered 401(k) and in IRA accounts, unless the plan documents prohibit it of course. Broker margin is allowed in 401(k) and can be enabled for TD Ameritrade retirement accounts, but will result in UBIT. There is nothing that...

I agree it's purely a financing trade, and not *directly* related to what the underlying is, and in fact not at all related to the performance of the underlying. But there must be some justification why it is currently about 0.5%, right? 0.5% is not just an arbitrary number that market...

I understand the more liquid the market the better, all other things being equal, because the pricing will probably be more consistent. And the SPX options market is the most liquid and convenient, as they are cash settled European style options. But I'm wondering if I could get lower rates...

I wanted to follow up on this discussion. I was actually able to buy back an SPX box at an implied rate of ca. 0.45% that I previously sold by mistake for ca. 0.55%. So I am correcting my previous posts. The effective bid/ask spreads of boxes that can be achieved are smaller than I previously...

They are not fishing emails. I don't think they mixed me up with someone else, as I'm sure the emails are system generated. I'm curious if someone else has ever received requests to file form 40, and if yes, about what was your account size or trading volume in the futures.

I got email from the CFTC and from Interactive Brokers regarding form 40. I'm a pretty "small" guy and my position sizes are by magnitudes smaller than the limits indicated on https://www.ecfr.gov/cgi-bin/retrieveECFR?gp=&SID=970471b8455f4bab7db4110cfde50731&mc=true&r=SECTION&n=se17.1.15_103 I...

I know. The commodities segment of your account never receives positive deposit interest, but has the same limit as the equities segment in regards to the exemption from negative interest rates, independent from the equities segment. In other words, the system is rigged against you for the most...

Also the limit for JPY is being reduced from 11,000,000 to 5,000,000. I'm curious what is the actual cost to the brokers of zero percent deposits in negative interest rate currencies. Can't they use it as part of their capital reserves? I see IB issues 1% USD notes to certain customers, which...

My small sell order for a small Chinese delisted stock with extremely low volume, got executed at IB with a small price improvement on OTCLNKECN on a day when the stock price doubled (my limit price was about at the bid/ask midpoint before it doubled, about half the quoted price after it...

That's what I do, but I pay the bid/ask span more often that way. The native spread quotes are not always exactly at the mid point of the synthetic bid/ask.

I just tried the IB book trader with the Sep/Dec ES calendar spread. It seems to show the exact same bid/ask quotes as in the Portfolio or Pending Orders windows, which are the synthetic bid/ask (the sum of the leg components). I don't use market data, but I would expect to see the delayed...

You are completely wrong with your assumptions. FX, taxes, and commissions of a long term investment in Korean stocks are literally negligible compared to capital gains tax cost you incur annually on SSFs, not to mention the gigantic trading and rollover cost on most SSFs, not to mention that...

I don't know because I never tried the book trader, but I doubt. Why would they display only the indicative quotes in the portfolio and other windows, when they have the depth of book of the spread in booktrader? Can you try out? I just use equity index futures and I'm not sure if there is any...

I am with IB. IB lets you trade native spreads, but sadly doesn't display the native quotes. That means you are trading "blindly". At least that's the best I was able to do. I use equity index futures as an investment, and this results in a slight disadvantage and hassle for me if I try to avoid...

Do you know which of the other brokers display native calendar spreads?

Better somewhat higher currency spreads or fees, than no access at all. I am a big IB fan, but had to move part of my assets to Boom as I wanted to invest in the South Korean stock market. Boom in Hong Kong works pretty well for South Korean stocks, including the currency conversion. Why can't...

I am using IB and I have not found a way to see quotes or charts of futures calendar spreads (roll of front month to back month). Likewise, I have not found a way to see the complex order book of CBOE SPX options. I have also not been able to create order tickets for Eurodollar strips; the TWS...