Day trading in Canada Message Board

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Gold/Mining/Energy : Day trading in Canada

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To: keith massey who wrote (3191)	5/14/1999 9:52:00 AM
From: BradC	Read Replies (1) of 4467

Keith, with Greenline you can trade on a US exchange in your Cdn dollar account but the problem here is currency since they keep Cdn and US dollar accounts separate. If you sell on a US exchange in your Cdn dollar account you automatically convert and settle your US trade in Cdn dollars which is something you don't want to do. What I do in these cases is transfer the stock from the Cdn to the US account and then sell it in the US account. Obviously this is a tedious process and is not feasible when you are trying to arb something where time is critical. With Investorline or Action Direct I can trade on any exchange and simply select my settlement currency when the order is entered. In the case of BIDS I am not surprised they would not let you trade this as it is a TSE-Nasdaq listing. Let us know what Greenline tells you about this. It would be interesting to get the official scoop. Brad

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