Even though you don't have voteing rights and you don't collect dividends.
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Single Stock Futures Do Fall Under Pattern Day Trading
- Thread starter Roman Candle
- Start date
Quote from Roman Candle:
http://www.interactivebrokers.ca/en/trading/marginRequirements/patternDayTraders.php?ib_entity=fr
The page you referenced did mention stocks and options. And they are under the Pattern Day Trading rules. But I didn't find any mentioning of Single Stock Futures.
I will be really surprised if they let you trade Single Stock Futures in the same account that is used to trade stocks. They have different margin rules, and the tax implications are totally different. SSF follows the 60/40 long-term/short-term capital gain split.
from the IB page:Quote from Bolimomo:
The page you referenced did mention stocks and options. And they are under the Pattern Day Trading rules. But I didn't find any mentioning of Single Stock Futures.
I will be really surprised if they let you trade Single Stock Futures in the same account that is used to trade stocks. They have different margin rules, and the tax implications are totally different. SSF follows the 60/40 long-term/short-term capital gain split.
Day Trade: any trade pair wherein a position in a security (stock, single-stock future (SSF), bond or stock option) is increased ("opened") and thereafter decreased ("closed") within the same trading session.
Quote from Bolimomo:
The page you referenced did mention stocks and options. And they are under the Pattern Day Trading rules. But I didn't find any mentioning of Single Stock Futures.
I will be really surprised if they let you trade Single Stock Futures in the same account that is used to trade stocks. They have different margin rules, and the tax implications are totally different. SSF follows the 60/40 long-term/short-term capital gain split.