Recent content by Steve-IB

1. Your IB account. 2. No. You would get a statement in your own name, showing the dividend only. (at the moment); 3. Drips - no. Most others yes. 4. Yes 5. No 6. Yes 7. Available now. Usually we have around 130 stocks available for shorting.

You get the data in the SFE subscription, but we don't offer trading in these products due to the fact that it has a variable tick size - which is unique to these products and we haven't programmed for

After the first month of trading, the quantity of market data is allocated based on the following calculation: The greater value of: (100) or (USD Monthly Commissions/8) or (USD Equity * 100 / $1,000,000, truncated to an integer). So if you want to have 200 lines of concurrent live...

There was an exchange update over the weekend, that we tested and it worked fine. However, on Monday, we realised we were not receiving fill messages from the exchange for around 85% of the orders that were submitted. Order placement was working fine all day, and we were able to confirm...

Yes, you can fund in any of the major currencies. You can also use the FX rates for actual physicl conversion, e.g. fund in AUD, convert into USD, withdraw USD. Interest rates are detailed on the website under Fees >> Interest and Financing.

Interactive Brokers Group first quarter results were announced last week, the press release is here: http://investors.interactivebrokers.com/en/general/about/mediaRelations/04-24-08.php?ib_entity=llc

We've had some problems with it. I won't go into specific details but we are working on it. We're currently programming a better portfolio margining algorithm for clients holding portfolios of ASX stocks and options which will provide a number of advantages for customers particlularly compared...

Ok so with the IB annual statements, you are getting all of this with the exception of the franked percentage and total franking credit. So if we added this to the section where the dividend is disclosed this would satisfy the requirement for tracking for franking?

I'd like to ask what can we do for you in regards to making your end of year tax forms easier for you - in regards to your trading activity with IB. As some of you may know we provide extensive and detail tax forms for our US and Candian clients, and now that we are offering Australian products...

We are reviewing all of them. If you have specific suggestions, or think that a particular Australian broker does a good job of this, then please send them to me. If you have current broker forms that you think are good but could be improved -then send them to me with your suggestions. It's...

1. Sorry I was answereing what you didn't believe Your quote: "I would dispute that. If I don't get the paperwork for my holdings, I don't believe I can fully participate in corporate actions, I don't believe I have full ownership rights, nor full entitlements to dividends." 2. The...

Sorry chops, I can't change what you don't believe. Fortis can take your stock and runaway to Timbuktu in the same way your bank can take your money and runaway to Ouagadougago. In either case it would be fraudalent and a criminal offense. With your IB account you have insurance for this...

You do own the stock, get dividend rights and are allowed to participate in corporate actions. Australian stock is held on behalf of the client in an Interactive Brokers segregated client account in a Fortis Clearing Sydney CHESS account. The stock is for the benefit of IB customers and...

I should also mention that IBKR is the US listed company which owns 10% of the IBG LLC group, so you can also follow the groups quarterly earnings.

Your accounts at IB do have insurance coverage. However it's a good question and you may wish to read the following FAQ. It discusses in some detail insurance coverage and other protective measures on your account...