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To: the-phoenix who wrote (6527)4/25/2006 11:11:37 AM
From: bob wallace   of 8972
 
did you figure it our yourself, or did you find some guidance? it sounds like I just gave up at the wrong time (when I found I had to open all new accounts for myself, replacing the ones I had!)

I notice that they allow another "user" on each account - does that help anything?

thanks for the note
Bob

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To: bob wallace who wrote (6529)4/25/2006 11:36:55 AM
From: the-phoenix   of 8972
 
I got some help from their professional services staff. Apparently if you open an advisor account you have access to a different support staff. The additional user is only useful if you have a trading team and want more than one trader to have access to the advisor master account.

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From: wilywilly4/25/2006 8:48:36 PM
   of 8972
 
Can anyone who has used IB's private placement notes comment on whether they work as advertised? I am closing a real estate sale that will generate a taxable gain, and need to park the proceeds somewhere that makes a decent return, but absolutely, positively must be there next April 15 to pay Uncle W and Uncle Arnold. I can buy T-bills or a CD online, but IB offers 8% in 3- or 6-month increments, and it would seem relatively safe. Is there any downside?

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To: wilywilly who wrote (6531)4/25/2006 8:59:54 PM
From: ild   of 8972
 
I used them. Worked fine.
The ultimate downside is that IB won't be there to return you the money. See Refco for details.
There is a little risk that they will hold your money the full term which is 15 (or 18) months.

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To: ild who wrote (6532)4/25/2006 9:52:39 PM
From: wilywilly   of 8972
 
Thanks for the reply. I understand the risk that IB could go BK and not pay off, but I deem that risk negligible. I hadn't considered the risk that they would not redeem the notes in 3 or 6 months - has that ever happened?

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To: wilywilly who wrote (6533)4/26/2006 11:46:07 AM
From: ild   of 8972
 
No it hasn't happened. But they have this clause.
What if the yields go up and people demand higher rates so 8% from IB is no longer attractive. Will IB decide to hold the money?

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To: tom pope who wrote (6519)4/27/2006 12:20:46 AM
From: 3rdbase   of 8972
 
Read it carefully it states "40 days OTHER than the originating bank". If you want funds back from the account in which it was sent, 4 days shouldn't be a concern.

This must do with anti-money laundering controls.

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To: 3rdbase who wrote (6535)4/27/2006 7:23:48 AM
From: tom pope   of 8972
 
I read it, saw the qualifier and remain surprised. In funds availability IB is tougher than any other firm I do business with, and I wonder why.

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From: Dominick4/27/2006 4:47:41 PM
   of 8972
 
Would I be correct that NYMEX natural gas emini symbol QG
would be $12.50 for every .005 cent move?

Also crude QM would be $12.50 for every $.025 cent move?

TIA

dom

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To: Dominick who wrote (6537)4/27/2006 5:36:34 PM
From: Gary E   of 8972
 
<<Would I be correct that NYMEX natural gas emini symbol QG
would be $12.50 for every .005 cent move?>>

You could be correct, but look here to check...
nymex.com 

I would also call IB's Customer service to check on the trading hours... looks confusing to me.


<<Also crude QM would be $12.50 for every $.025 cent move?>>

That's right... the multiplier is 500
so each $1.00 is $500/contract... or $50 per dime...

Also be VERY carefull about front month and when you can NOT trade it. Melissa at IB was very helpfull to me a few weeks ago.

Good luck
Hal

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