If IB's Website Contains Falsehoods, Customers are SOL

[steve46]

Himself:

So did IB compensate the customer?

Best Regards,
Steve

 

[himself]

Quote from steve46:

Himself:

So did IB compensate the customer?

Best Regards,
Steve

IB says they are still working on it, but when I hear from them
I will be sure to post the outcome here.

 

[Option Trader]

Are they telling you the cause of the delay?

 

[himself]

Quote from Option Trader:

Are they telling you the cause of the delay?

This incident happened on Monday, March 13th.

The last I heard was on Friday, March 17th, when they said that they would examine the audit trail that I had sent the day before.

Today is Tuesday. March 21st- 8 days and counting.

 

[OptionsWizard]

I just have one question:

Why on earth trade pit contracts? ran out of things to trade?
There are so many advantages to trading electronic contracts, I seriously can't think of a single reason to trade the pits.

 

[himself]

I trade both electronic and pit contracts.

If there were a commodity that had side to side trading with equal liquidity I would of course prefer the electronic. Hopefully the exchanges are progressing toward electronic platforms.

But, I find opportunities in some of the pit contracts, meats, cotton, oj (though that is a thinner one.)

 

[himself]

Quote from OptionsWizard:

I just have one question:

Why on earth trade pit contracts?

1. Commodities as a class have more favorable leverage than stocks.
2. If one considers both pit and electronic markets one has a greater opportunity to find a setup that one likes.

It is reminiscent of Woody Allen's line about the advantage AC/DC people have:
"It doubles your chance of a date on Saturday night"