trade 2 trade
#1
Posted 02 April 2004 - 03:50 AM
#2
Posted 09 April 2004 - 02:59 PM
#3
Posted 09 April 2004 - 03:43 PM
Welcome, hope you enjoy it here, excluding myself, there are many talented folks.
Me ....I'm still learning.
Of course it doesn't matter what stock you are talking about when it comes to trade to trade.
However I will reserve my explanation because you will still have questions and
may need direction so I will refer you to an excellent accounting agency for
traders.
They will tell you it is important to understand how trade to trade can and will affect you and how to properly prepare things for handling it.
I wish you the best, you can call this number 408-368-0162, ask for Jim Crimmins
http://www.tradersaccounting.com/
If you're asked where did you learn of him,... tell him a Friendly Futures Trader online recommended him.
Mr Dev
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#4
Posted 09 April 2004 - 04:26 PM
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#5
Posted 09 April 2004 - 10:59 PM
actually i mailed the brokerage firm and this is what their reply was:-
We thank you for writing to us,
With reference to your query, we would request to go through the detail information.
Settlement of securities
Settlement has to be done on gross basis without netting off stocks bought and sold in the same settlement.
For purchases of TT Segment stocks in a particular settlement, the client has to mandatory take delivery.
For sales of TT Segment stocks in a particular settlement, delivery is mandatory. The client will not be permitted to offset the delivery obligation by purchasing the stocks in the same settlement. Any purchases have to be separately paid for and delivery taken. Therefore, on any subsequent purchase in the same settlement, the blocks on DP balances will remain till settlement.
Settlement of funds
Settlement will continue to be done on net basis as in case of Rolling settlement. Cash projections against sale of some TT Segment stock will be available for purchase of the same or another TT Segment Stock.
However, funds obligations for the individual segments have to be settled separately without any netting off. Net Cash projections against sale of one or more of TT Segment stocks will not be available for purchase of Rolling Segment Stocks in the same settlement. Similarly, Net Cash projections against sale of one or more of Rolling Segment stocks will not be available for purchase of TT Segment Stocks in the same settlement.
However, Net Cash projections of one segment will be available for purchases in another segment on the next trading day onwards since the cash pay-out day of the earlier settlement falls on or earlier than the cash pay-in day of settlement in which the purchase is sought.
i think they used too much of technical jargon, so my little head wasn't smart enough to understand, anyone can better interpret it please?
regards.
ashish
#6
Posted 23 April 2004 - 05:39 AM
#7
Posted 23 April 2004 - 09:33 AM
The question I'd have for your b/d is, These TT Segment stocks, how are they defined? Just certain stocks or everything on the list?
U.F.O.
~Benjamin Franklin~
#8
Posted 23 April 2004 - 11:40 AM
#9
Posted 23 April 2004 - 12:22 PM
~Benjamin Franklin~