If you are a CTA and if you use Interactive Brokers (IB) as a FCM and if you place a âblock ordersâ or âbunched ordersâ for all your Client Accounts, how does IB implement âobjective systematic non-preferential price allocation proceduresâ which is required by NFA/CFTC? Just try to understand the details of such procedures implemented by IB. Does IB actually implement such procedure? If not, does a CTA have to implement it? How? Does any one have any idea?
i haven't been a cta in a long time but there used to be a first in last out thing. so whoever of the clients got in a trade first was the last account out of the trade. then i think we did something based on the account numbers, the cta can do it or more likely as i remember the clearing firm had to shuffle things around and it was a headache. best thing is to pool the money and sell shares off according to contribution. mb