Q: basket of limit orders in excess of total buying power

Discussion in 'Retail Brokers' started by Bell, May 21, 2007.

  1. Bell


    Looking for a broker that allows to place a large basket of non-marketable buy limit orders in excess of portfolio buying power. MBT told that's impossible with them. It's a pity. Any suggestions except IB?
  2. TOM134



    1) What do you mean "non-marketable"?

    2) Why not go with IB?

  3. GTC


    You can easily set it up in Ameritrade ($5-$9.99/trade) or Ameritrade Izone ($3-$5/trade) by simply using TradeTrigger directly. You can also Strategy Desk if you like.
  4. Bell


    Here that means that limit prices are a way below market, and therefore in actual practice the orders can not be filled in excess of buying power even by chance.

    GTC, than you for advice.