10% in 1929. Since 1940 the Federal Reserve has set it as low as 40% and as high as 100%. It's been at 50% since 1974. Jack
Hmm, i Can see why some people might be annoyed with the margin increase. I'm not sure if we have hit a bottom yet, but if we have it's kind of late on IB's side. I guess some people are worried about not having enough buying power on the upside should it come.
This is for intraday margin, correct? So your intraday margin goes from 4:1 to 3 1/3:1.?Overnight is still 2:1?
Update from IB pushes off the margins increases for one day. Oct 07, 2008 15:21 EDT MARGIN INCREASE UPDATE In the interest of providing clients with sufficient opportunity to deposit additional funds and/or adjust their positions, the margin increase originally scheduled to be implemented Tuesday, 7 October 2008 will be phased in beginning Wednesday, 8 October 2008._ Please refer to the schedule below for details regarding the products impacted and their projected implementation dates:
condorII, there are brokers around offering openECs frontend... i think you would not have problems there to open the account and using OEC