Does Interactivebrokers.com support Give-Up? Yes. Please PM me or contact one of the sales persons listed here: http://www.interactivebrokers.com/e...p?ib_entity=llc Would you please post the related URL which describes how IB supports "give-up" process? Thanks.....
Does any one have any experience using Interactivebrokers.com "Give-Up" either as a CTA or as a client of CTA? If you do, would you mind to share your experience, Good or bad. How easy to set it up? Through TWS, how does advisor know the account balance of the client who does not have account with IB (so need to allocate contracts to "give-up" process)? Thanks.
It says "Please PM" If someone is too dumb to read "Please PM" are they too dumb to be an IB customer? No answer required.
Deposit them somewhere else and transfer via DTC/ACAT. While we're on the topic, under what circumstances would DVP/RVP be useful for a retail trader? I can think of one scenario. I have securities in an IRA account at another custodian. Their commissions are high, ie they're ok for long-term asset allocation but not for trading. I could execute the transaction at IB for pennies, but the purchase/sale of stock actually goes to the account at the IRA custodian. Do I have it right? Traveler
I don't understand this part either. I'll bet if you want to just casually do a 1 time give-up, you still have to have enough buying power in the executing account. Otherwise there would be credit risk on the custodial account not having the money T+3.