IB: SIPC & futures in universal account

Discussion in 'Interactive Brokers' started by TraderD, Feb 25, 2003.

  1. TraderD

    TraderD

    This probably goes directly to def:

    I know that all excess funds are swept into SIPC protected part of account at the end of the day.

    But how does it work intraday? If I had made just 1 quick futures trade in the morning, would it disable SIPC protection for the rest of the day?

    Thanks.
     
    #1     Feb 25, 2003
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  2. freehouse

    freehouse

    I believe that any money that is needed to meet margin requirements for the futures account would be moved to the commodity side. All the remaining money would be kept at the security side which would then get SIPC insurance coverage.
     
    #2     Feb 25, 2003
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  3. def

    def Sponsor

    freehouse is correct.
     
    #3     Feb 25, 2003
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