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Herman,
You are right. Having a second broker will give you the opportunity
to take an opposing position, neutralizing a prior position....It's
good insurance
Ara
--- In amibroker@xxxx, "Herman van den Bergen" <psytek@xxxx> wrote:
> This is something I have wondered about: can one broker sell stocks
held by
> another?
>
> The only solution I could think of is to place opposing trades with
an other
> broker, i.e. if you are Long with the unavailable broker you could
go short
> on the same stock with another to simulate getting out,
or "freezing" your
> position... at the cost of some extra commission and slippage.
>
> Any comments?
> Herman.
>
> > -----Original Message-----
> > From: Steve Dugas [mailto:sjdugas@x...]
> > Sent: 13 October, 2002 6:59 PM
> > To: amibroker@xxxx
> > Subject: Re: [amibroker] Re: InteractiveBrokers API -->
AmiBroker ?
> >
> >
> > 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/
> >
> >
>
>
>
>
> 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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