GordonG Regular  Posts: 76 Joined: 10/11/2012 Location: Sydney, Australia  User Profile | Just to let you know that all Australian IB clients have been forced onto cash accounts (T+3 settlement) as a result of a dispute over margin call practices with ASIC (Australia regulator). Hopefully this will get sorted out (soon), but in the meantime a setting catering for T+3 settlement would be appreciated. It is not just an issue for American IRA accounts. It should be a standard setting anyway in OV to cater for clients who have accounts that must conform to the T+3 settlement criteria. How best to handle T+3 settlement though? If using RTM strategies then timing is important, so can't reliably delay a trade, and signals may not fire when equity becomes free... I'd want to see trades taken with what equity is available at the time, or skip the trade. This issue cuts a bit to the architecture OV has around liquidity management as this is more closely monitored by the Trade Processor. However it is something that can be calculated purely from within OV (and hence also simulated which is the main thing). | |
