hi, would like to find out which futures brokers out there offer the feature of sweeping unused cash balances into a higher interest yielding account at the end of each day. i've read that ib offers this. any other firms out there? thanks, mgarc
thanks catoosa. i wonder if any of the bigger firms offer this. darthsidious, i don't clear through ib. i just read that in one of the older forums. why don't you ask them.
MBTrading's interest rates are nothing to write home about. They offer Scudder money market options, the default sweep is earning a whopping 0.07%! http://www.mbtrading.com/stocksInterestRates.aspx I know rates everywhere are low but I can do a lot better with money parked elsewhere.