I'm posting in this forum as it seems the most suitable.
I have a few things I'm wondering about regarding using a prime broker. I see IB also has Prime Services, so maybe it would be possible to combine trading with them and another broker. Amongst others, I have an IB-acct. However, that leaves me wondering:
1. Would another Prime Broker (whomever, really) receive updated margin status as to trades that are offset at the Prime Broker they give up the trade to? Leaving me free to go long again and again with #2 and then selling at #1?
2. In addition to negotiating the normal commission, is there usually any give-up costs related to doing this? Or keeping the account?
TIA and yes, I guess I should (and probably will) talk to a PB directly - but, hey: It's for that great big knowledge base called the Internet as well.
I have a few things I'm wondering about regarding using a prime broker. I see IB also has Prime Services, so maybe it would be possible to combine trading with them and another broker. Amongst others, I have an IB-acct. However, that leaves me wondering:
1. Would another Prime Broker (whomever, really) receive updated margin status as to trades that are offset at the Prime Broker they give up the trade to? Leaving me free to go long again and again with #2 and then selling at #1?
2. In addition to negotiating the normal commission, is there usually any give-up costs related to doing this? Or keeping the account?
TIA and yes, I guess I should (and probably will) talk to a PB directly - but, hey: It's for that great big knowledge base called the Internet as well.
