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IB charges for overnight positions in ES/NQ?
- Thread starter Stok
- Start date
IB charges $0.10 for each futures contract held overnight. It helps to maintain their 47% profit margin in their brokerage business.
"Carrying charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each calendar day the net futures position is held overnight."
"Carrying charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each calendar day the net futures position is held overnight."
Quote from Stok:
gotcha...makes sense, been carrying 4 ES overnight at times. Well damn, we post FULL overnight margin to carry these positions, no need to ding us!!
We get double dinged with the carrying charge because the commodities account is a separate account for credit interest calculations with its own $10,000 balance for zero credit interest on cash.
Just appreciate your multiple contributions to IB's 47% profit margin.