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To: koan who wrote (11964)5/25/2006 2:36:22 PM
From: TheSlowLane  Read Replies (1) | Respond to of 78410
 
koan - that is true for most US brokerages, but IB enables anyone to trade directly on the CDN exchanges (and other exchanges as well).



To: koan who wrote (11964)5/25/2006 2:45:37 PM
From: Zincman  Read Replies (1) | Respond to of 78410
 
I live in the US and switched from Ameritrade to IB this year b/c of the inability to buy CAN stocks directly.
IB is great but has some drawbacks. No wrts, no funds and inaccurate news, depth and services for some CAN stocks.

If you currently hold CAN stocks in your account, you might not be able to transfer those shares directly into your new IB accout. I was forced to move to cash, transfer cash into IB, then rebuy.
Something to consider b/c of tax issues.

FWIW
ZM



To: koan who wrote (11964)5/25/2006 4:14:40 PM
From: maxncompany  Read Replies (1) | Respond to of 78410
 
There's a lot of misinformation about the 5 letter US pink symbols used for Canadian stocks. It does vary of course by broker, but I know that with Ameritrade (I've been there a few years) in the vast majority of trades, they execute on Toronto or Venture. And I see them execute there with Stockwatch. Always? No. Usually? Yes. Ameritrade only trades them on the pinks if it gets you a better price, and that's not often.


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