I presume they are going to change the "one account worldwide" ads running on cnbc.
I didn't realize they swept funds from commodities to securities as well.
Can anyone think of a reason why they would do this besides SIPC or some authority telling them to?
Def is in Hong Kong so probably still asleep.
This page http://individuals.interactivebrokers.com/en/p.php?f=ibgStrength&p=a used to contain the line: "but available cash will be swept from...
Interesting article, mentions MFG, IB, & reuters article. http://www.creditwritedowns.com/2011/12/re-hypothecation-in-gold-securities.html
Mb trading have the re-hypothecate provision, Mirus use RCG who have the re-hypothecate provision. Ditto for Dorman.
http://www.c-spanvideo.org/program/FGlo
Thanks Def, I like this line "IB is presently working with securities regulators for permission to switch to a daily reserve computation."...
Note I said MFG's looks way more sinister.
http://www.imf.org/external/pubs/ft/wp/2010/wp10172.pdf
That's all true. Which is why I like IB. Relatively high margin requirement's plus auto liquidation, plus 5 billion in equity capital.
From google: "PDF] Rosenthal Collins Group, L - Mirus Futures www.mirusfutures.com/.../RCGAcctForms/RCG_LLC_PARTNER_A... File Format:...
"Subject to such segregation requirements, Customer hereby grants to Dorman the right to pledge, repledge, hypothecate, rehypothecate, or...
Out of Dorman, Interactive, MF Global, MFG's re hypothecation provision looks way more sinister: MFG: 7. Consent To Loan Or PledgeYou hereby...
There was a earlier post saying Dorman Trading did not re-hypothecate. Well they have the exact same provision as well:...
http://www.reuters.com/article/2011/12/09/us-rosenthal-mfglobal-idUSTRE7B828420111209
I think we should start a thread that monitors the repo assets to repo liability ratio's of the major brokers on a full time basis. So if a...
With his large shareholding i'd like to think he's not into self harm.
The problem is you have to rely on the CEO not going haywire at some point in the future.
Separate names with a comma.