I know they use the TIMS in general but it is almost impossible to understand and expect the Fluctuations of the Margin . Is there someone who understands the Black Box ? thanks
If you're looking for a general rule of thumb, for equity positions, look at you potential loss from a 15% move up or down, and that will be close to your haircut. Feel free to call me if you like, I'll try to help. Bob
may i ask, what options strategy are you considering for use in your portfolio margined acct? i know i don't have to tell you, be very careful with this, its nice to have but understand the power of this leverage you intend to use, it works both ways. understand that a screw up can take you out of the game. good luck.
Thanks , it's like driving a sports car with out having control on the steering wheel . this rule I know but the TIMS formula or whatever they use is more complex than that ..
This info may be too general for you but the citations in the Endnotes might provide some direction. http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p018677.pdf
What is your firm's minimum requirement for PM accounts? I know IB requires 100K. Does anyone know what other firms (eTrade, TD, etc) require?
The SEC regulation for CPM is $100K. Our minimum is higher. It does not make sense to open an account near $100K and risk conversion to REG-T one morning from a small account draw down. Give me a call and we can discuss it. Bob