Angela Duran Veteran   Posts: 168 Joined: 10/11/2012 Location: Nirvana Systems  User Profile | Hello Everyone, The announcement that Transcend Capital is merging with Gar Wood Securities was made to our GXT clients on Monday. Gar Wood clears through IB providing a number of value adds for existing GXT and IB clients. We are currently working on the changes to the technology. Parallel with this, GXT clients need to open accounts at IB using the special Gar Wood link that was provided to them in Monday's announcement. We are asking that GXT clients open the accounts electing to "Fund My Account Later" so they can continue to trade through COR while we complete the connectivity and thoroughly test it. Funding instructions will be sent when the technology is complete - early August. (Accounts will go into negative consent after August 31st.) After existing GX accounts are transitioned, we will provide instructions for those who have IB accounts now to link them to Gar Wood. Unfortunately, Friends and Family accounts cannot be linked. A new account has to be opened for those through Gar Wood. (This is the only linking exclusion I've come across so far.) We will make an announcement when we are ready to open new GXT accounts but that will be after we handle existing accounts. All accounts transitioned from COR/Transcend to IB/Gar Wood will have access to the direct connection (FIX Server) which doesn't require TWS or IB Gateway to be running. In other words, it does not use the same authentication. Existing IB accounts must be linked to Gar Wood to run on FIX. Everyone will have access to the Traders Workstation. Steve2 - I am going to check on questions 1 & 3 and let you know. | |
