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Steve,
Your assumptions are correct. You do need $$$ in both accounts and
the second broker can not undo trades from your first broker, but you
can always take an opposing position with the second broker. That way
your undesirable position is neutralized. It's kind of an insurance
policy of sorts, but it does cost to have a second account...
Ara
--- In amibroker@xxxx, "Steve Dugas" <sjdugas@xxxx> wrote:
> Hi Ara,
>
> You are talking about splitting your money between accounts with 2
different
> brokers, right? I assume that a backup broker cant get you out of a
trade
> you have executed on your account with another broker, right?
>
> Steve
>
>
> ----- Original Message -----
> From: "akaloustian" <ara1@xxxx>
> To: <amibroker@xxxx>
> Sent: Sunday, October 13, 2002 6:36 PM
> Subject: [amibroker] Re: InteractiveBrokers API --> AmiBroker ?
>
>
> > Owen,
> >
> > I have not heard anything nasty about IB, but you might consider
> > keeping an account with another broker as backup, preferably a
broker
> > who can support telephone order quickly in case the problem is in
> > your computer. In a situation when IB has problems, you can always
> > bail out with your backup. It's probably a good general policy
> > anyway....
> > Ara
> >
> > --- In amibroker@xxxx, "Owen Davies" <owen5819@xxxx> wrote:
> > > I've also been thinking of going to Interactive Broker, for
> > > the e-mini S&P and Nasdaq, but am concerned that they
> > > have no back-up system to execute your trades when Globex
> > > goes down or their own systems decide it's time for a short
> > > vacation. Does anyone know how big a problem that is?
> > > How often they have trouble getting the job done? (Not that
> > > it has to be more than once, if you happen to get caught on
> > > the wrong side of the market with no way to bail.)
> > >
> > > Thanks.
> > >
> > > Owen Davies
> >
> >
> >
> > Post AmiQuote-related messages ONLY to: amiquote@xxxx
> > (Web page: http://groups.yahoo.com/group/amiquote/messages/)
> >
> > Check group FAQ at:
> http://groups.yahoo.com/group/amibroker/files/groupfaq.html
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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