I think your suggestion is an excellent one. I voted for it. I fear that so few people have a good understanding and appreciation for EFPs, that...
Wrong. IB customers will receive the equivalent of high interest rates for the entire account balance, IF they use IB EFPs. The lack of interest...
I firmly believe that Quantplus is a legitimate, real IB customer, instead of what Kiwi suggests. It seems Quantplus stays with IB, because he has...
What is IB's standard policy, when there is doubt as to whether or not a position actually exists in the account? If TWS, or a customer service...
I previously answered this question in detail in this thread, but I forgot to mention the terminology, that EFP stands for "Exchange for...
The mark to market risk, even in a worst-case scenario, involves only a very small amount of money, relative to the total account equity; and...
Sell the full $10K of EFPs today, because today is expiration day. The trades establishing the new positions won't settle until T+3, the same day...
Well, my experience is different. I just today, for example, sold GILD for Nov and got 5.075%, on a zero-dividend EFP stock. I've been selling...
50 cents per EFP (100 shares, hedged by one SSF contract in the opposite direction).
Yes.
The risk is extremely small if you structure and manage your EFP portfolio wisely. The small amounts of margin interest paid to the broker, when...
It all depends on whether you are holding your futures positions overnite. If you are not, then you can sell $10K worth of EFPs, thus earning...
IB's documentation has been contradictory on this point. I believe that IB actually requires whatever initial margin would be needed for the stock...
No, it isn't a problem at all. I invest free cash in zero-dividend EFPs only, and it is not a problem at all. I do this because it is a convenient...
An EFP is a spread consisting of 100 shares short stock, against a long single stock future (SSF) for the same underlying stock. If you short...
TOM134, I'm all for constructive criticism of IB, to help IB improve, because I am a happy customer and I benefit whenever IB can improve, and...
Interactive Brokers. Sell EFPs to get interbank interest rates, currently over 5%, on the entire account balance.
This incident should be escalated to higher authority, so that appropriate investigation and corrective action can be taken to maintain and to...
You should be researching CBOE rules and procedures. I generally don't trade options, so I don't know the CBOE rules, but if you are trading...
See my response in your thread.
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