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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Dave Triplett who wrote (3704)2/6/1999 6:59:00 PM
From: tom pope  Respond to of 7382
 
Dave, I think the default is not in the order entry software but in the way your account is set up - all accounts with MBT must be margin accounts, and all the stocks you buy will be for the account of that margin account - UNLESS the stock is non-marginable, in which case it will be placed in a cash account.



To: Dave Triplett who wrote (3704)2/6/1999 9:58:00 PM
From: Dan Swartzendruber  Respond to of 7382
 


Is there a default setting on the order entry to set for cash only or does it always default to margin?, or once I set it to cash will it stay there or default back to margin as I switch between buying and selling stocks?.

Depends on the execution system. Some of the online brokers I have seen require you to specify where you are buying from (ex: waterhouse, you have a pullup menu that lists "cash" and "margin" as accounts to buy from...


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