New Tradestation credit balance rule

Discussion in 'Retail Brokers' started by mktman, Apr 12, 2006.

  1. mktman

    mktman

    Per rule 436 Tradestation implementing eod cash balance sweeps into a money market fund. BUT because there platform wont recognize this mmf and its balance that money wont be available to trade the next day. Have to call the next day, liquidate account then wait for the following day. This to happen everyday.

    http://www.nyse.com/Frameset.html?displayPage=http://rules.nyse.com/NYSE/Help/Map/rules-sys436.html

    Looked at Schwab and many other brokers most have sweeps eod that are auto in and out nobody has to call. Whoever dreamed this up is a genius.

    Can you see mass exodus coming?

    Im already looking at among other Schwab streetsmartpro
     
  2. In case you didn't know....StreetSmartPro is based on Cybertrader....a company Schwab bought several years ago. I used Cybertrader years ago and really liked the platform.

    I use TradeStation for charting only....can't stand the Matrix.

    VSTscalper
     
  3. range

    range

    In addition, I wish TradeStation would raise their equity credit interest rate, which was 1.125% for amounts over $10,000, in March.
     
  4. roncer

    roncer

    Anybody know how the futures trading works to qualify for no monthly at TS?
     
  5. roncer

    roncer

    forgot a word..........Anybody know how the futures trading works to qualify for no monthly fee at TS?
     
  6. JackR

    JackR

    10 R/Ts and no platform charge. However, datafeed from them is not free if you want all the standard futures.

    See :

    http://www.tradestation.com/fees/platform_fees.shtm

    Jack
     
  7. roncer

    roncer

    JackR

    Thanks for the help.

    Ron