Look at how many option questions in ET and you'll understand the exp growth in option volume is coming from retail. Don't get me wrong. It is still dominated by institutions, but it is changing. With pm, it changes a lot quicker than you imagine.
I agree. The trading volume and liquidity of option trading will increase dramatically. If they do things correctly Think or Swim could become the largest online discount broker soon.
I think PM is going to have the same effect on retail traders that direct-access discount brokers did. If you are skilled it will help you make more money, otherwise you will just blow up trading strategies that you do not have the skills to manage.
Ha. I think TOS has some good people, but they have yet to implement an inter-exchange routing system on complex orders. They won't be offering PM until July or August. Your TOS comments are the non sequitur of the day.
From IB: Portfolio Margin upgrade requests are taking longer than the usual permissions upgrades due to the fact that there are 3 channels of management that must approve portfolio margining. You may expect your portfolio margin upgrade request to be process in 3 business days from the time you placed the request. You will receive an email directly from compliance with the approval update. I placed the request last friday! Another bureaucracy!
I've tried Individual Demo(Reg T Margin)and PM Demo for IBM and margin requirements are more or less the same.Am I doing something wrong here?
Just got approved this morning - saw my margin drop from $750K to $51K in one account. I was told that they were doing the changes slowly just to make sure everything goes well - so if your account hasn't been approved - it still could take several days.