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yes, thats common practice and CAN be done - however DURING the transfer
you can NOT access your position, i.e. liquidate it or put STOPS on it -
therefore the extra comish paid in this case my be worth it
rgds hans
> FYI - It has been confirmed to me by a Lind-Waldock rep that open
> positions, cash and tbills may be transferred from one FCM to another
> without having to liquidate and then reestablish the positions thus
> avoiding the extra commissions, slippage, ext referred to below. Just like
> in the equities world.
>
> Just trying to be helpful and possibly save my fellow traders some money
> in the future.
>
> Regard to all,
>
> Scott Hoffman
> Issaquah, WA
>
> >I switched
> >brokers in July, from a "Broker Assist" type of
> >account ($39/round turn) to a "Full Discount" account
> >($24/R.T.). This required extra trades (with extra
> >commissions and extra slippages) to close and re-open
> >existing positions
>
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