DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: exdaytrader76 who wrote (11141)	12/26/2000 9:03:25 AM
From: Apakhabar	Read Replies (3) of 18137

Datek also allows immediate updating of accounts and they don't reduce buying power for stocks that have been held overnight, sold in the morning, bought back etc. The problem is simple I believe. Firms that update all aspects on the account in real-time do not issue these stupid margin calls, whereas firms that wait until the end of the day for some aspects of updating (marked to market) get "confused" by the selling and buying back of a security. This is probably the one aspect of small direct access firms that is truly behind the curve.

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