DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Apakhabar who wrote (11145)	12/26/2000 9:23:07 AM
From: exdaytrader76	Read Replies (1) of 18137

Re: Update in real time. They are not even supposed to do that. You cannot access (according to the Fed, I am really pretty sure) trading profits until the next day. There is no T + 0 settlement. T+1 is as short as it gets. The relevent margin rules are outdated, but they contradict what some of the major firms are doing. IMO the big guys get away with it because they are big. That may benefit their clients, but I don't think you can blame us smaller firms for following the rules the best we can, which is all we are doing. BTW - anyone can call the Fed to see if you can get a different answer than we did. I don't think anything has changed.

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