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I'm a fairly new IB customer, and since IB doesn't seem to have any money market funds or excess liability insurance, I have had some concerns about the amount of money I might be willing to keep in an account. I was wondering if anyone else had similar concerns and how they resolved them.

I have been using stop orders for covering short option positions using the 'best' category, which appears to be creating a synthetic stop until execution. This has been working reasonably well for both long and short positions on the qqq's, with most orders ending up going through island...