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so what happens if i day trade and don't have any overnight positions? are they supposed to sweep it every day at the end of the day? do the funds clear by then? if so then i should be protected? what do other brokers do? sorry for rookie questions, but it's not the information that's widely...

i have 40000. i have no idea how well my futures account is covered. i hope i will never have to find out. do you mean there is something i can do to insure myself differently then what the broker is offering me by whatever default there is? can you please elaborate on how to do that?

finally people are starting to talk about it. no one really knows how much coverage there is, if there is any at all... how easy it is to believe that we are protected here in the US.. there's nothing a small trader can do about it, but to stick with a larger broker and HOPE that nothing happens...

hey, don't IB (interactive brokers i assume) trade against their clients' positions? also don't they hold stop orders on their server in Chicago, which makes for bad stop fills?