Good news about IB's closeout policy!

Discussion in 'Retail Brokers' started by chisel, Aug 28, 2003.

  1. chisel


    Just received this e-mail:

    Dear Mr. .....,

    Thank you for your comments.

    We will adjust the close out schedule for long positions in the ACE US Treasury futures contracts so that it occurs during the day before the Exchange's "first notice" date. That is on the "first position" date. IB can not allow a long position after the close on first position date as such positions would have the potential to result in a delivery that we can not process.

    Thank you for your business.

    Thomas A. J. Frank, Ph.D.
    Executive Vice President
    Chief Information Officer
    Interactive Brokers LLC

    Thanks def for your help.
    SethArb, he said "financial futures", did you ask them to make a similar change for the gold+silver on a/c/e?