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 Interactive Brokers (IBKR), IBKR users, welcome!

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SUSTOS
post Sep 19 2024, 10:32 AM

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QUOTE(lhshyong @ Sep 19 2024, 09:30 AM)
Thanks for clear clarification.It very clear.

I wonder is it easy for us to open account, transfer fund etc.

Some of my client who use IBKR also inquiry about Tradestation, i am checkout on it.
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Yea, it's easy. There is no point using TSG as they are just an introducing broker for IBKR, so no matter how you calculate the fees have to be higher than IBKR so that they can earn a profit.

Cut through the middleman and go straight to IBKR... smile.gif
SUSTOS
post Sep 19 2024, 10:49 AM

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Last USD FD at DBS SG due today, money left for IBKR. Overall, since 1st Dec 2022 when my first USD FD came in to DBS SG, I earned an IRR of 4.63% p.a. DBS SG account all clear and empty by now.

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This post has been edited by TOS: Sep 19 2024, 10:50 AM
SUSTOS
post Sep 19 2024, 12:30 PM

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QUOTE(lhshyong @ Sep 19 2024, 12:28 PM)
Totally understand. I’m just surveying and checking out options for business purposes as well.
Looking to broaden the range of brokers beyond just IBKR.
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Seems like you are trying to start another Rakuten-like broker in Malaysia?

For your case, if you are trying to offer brokerage solution and use IBKR as backend you might want to look at the fixed pricing instead of tiered pricing. The fixed pricing is cheaper for larger volumes vs tiered pricing (geared towards low-volume trades like those from retail investors).
SUSTOS
post Sep 19 2024, 12:35 PM

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FT Opinion | Lex

Private equity is doing badly — however you measure it
Investors desperate to get cash back are putting pressure on funds to capitulate on sales

https://www.ft.com/content/490633f3-c612-44...e5-5c5a15865d4f

(No paywall): https://archive.ph/ttwlz
SUSTOS
post Sep 19 2024, 10:02 PM

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QUOTE(lhshyong @ Sep 19 2024, 02:32 PM)
May i know how is the Rakuten broker model working in Malaysia ?

Ar ,thanks for your advise, however I am not ready to be broker yet.
We are tech vendor that provide integration service or develop automation tools, mainly for IBKR,
and some client always inquiry about other broker especially Tradestation etc.
Therefore i exploring the integration work with it.

Yeah, previously, some clients planned to provide brokerage solutions,
thats relying on them to work things out since it involves regulatory compliance.
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Oh you provide tech support I see. You know how to do algorithmic/program/portfolio trading?

I don't know much about Rakuten as I don't use their service. You may ask in this thread for matters pertinent to Rakuten: https://forum.lowyat.net/topic/4293611/+1980

Or maybe other sifus can chip in here. smile.gif
SUSTOS
post Sep 20 2024, 10:01 AM

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FT Opinion Insurance

Life insurance becomes less boring with creative financial engineering
As the Fed cuts rates, markets are rallying — but there are long-term risks from experiments

by Gillian Tett

https://archive.ph/KQEdV
SUSTOS
post Sep 20 2024, 01:25 PM

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PE is just kicking the can down the road... Yet another example with Continuation Vehicle...

FT Private equity

PE firm’s many roles attract scrutiny as car parts maker seeks bankruptcy
Clearlake Capital bought, sold and continued to own Wheel Pros even as it collapsed under $1.7bn in debt

https://archive.ph/gHA5V

SUSTOS
post Sep 20 2024, 06:04 PM

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More bad things about PE... dividend recapitalization

FT Leveraged loans

Private equity firms seek new terms to increase payouts on deals
Lenders are pushing back on ‘high-water ebitda’ provisions and most have been excised from terms

https://www.ft.com/content/03061bdc-d880-4e...01-b4d92f51800b

https://archive.ph/qwK39

-----------------------------

FT Alphaville | Private credit

The dodgy details of private equity’s ‘dividend recaps’
The impact of leveraged payouts examined

https://archive.ph/3lpIe

And the NBER paper for your reference: https://d1e00ek4ebabms.cloudfront.net/produ...8e9d1746f09.pdf
SUSTOS
post Sep 20 2024, 11:08 PM

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FT Alphaville | Fund management

Renaissance’s shrinking hedge funds
Good gRIEF

https://archive.ph/QkLvy
SUSTOS
post Sep 26 2024, 08:25 AM

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QUOTE(gedebe @ Sep 26 2024, 08:23 AM)
newbie here, does ibkr impose any fee for SG and HK stock dividend disbursement?  I am using Hlebroking and it is changing me sgd8 for each dividend disbursement.
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Welcome welcome. biggrin.gif

IBKE does not impose any fee for SG and HK stock dividend disbursement.
SUSTOS
post Sep 26 2024, 09:59 AM

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QUOTE(gedebe @ Sep 26 2024, 08:46 AM)
Wow prompt reply!  I assume there is a trust account where ibkr will park our dividend in each currency right?
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Uhmm not sure what you mean by trust account.

IBKR handles your money in the following way: https://www.interactivebrokers.com/en/gener...al-strength.php

You can check the "How We Handle Client Assets" sections.
SUSTOS
post Sep 26 2024, 02:04 PM

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Hermes is my new NVDA tongue.gif

FT Luxury goods

Hermès chief eyes haute couture push as Paris house rides out luxury gloom
Axel Dumas says group is still planning to expand in China, where others are hurting

by Adrienne Klasa in Paris (2 hours ago)

https://www.ft.com/content/9c7e1c09-15d3-4d...15-9c5f53b05d41

» Click to show Spoiler - click again to hide... «


This post has been edited by TOS: Sep 26 2024, 02:27 PM
SUSTOS
post Sep 26 2024, 10:27 PM

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QUOTE(gedebe @ Sep 26 2024, 09:17 PM)
trust account is a account that we bank in our fund bank into a brokerage to buy stock and brokerage transfer dividend into that account
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I think you mean custody account? https://www.interactivebrokers.com/en/tradi...dy-accounts.php

There are usually used by "institutions prohibited from depositing margin collateral directly with a broker/dealer".
SUSTOS
post Sep 27 2024, 09:31 AM

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QUOTE(dwRK @ Sep 27 2024, 09:19 AM)
got some diff between trust and custody... usually trust implies got 3rd party oversight...
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Oh in this case he probably means appoint a 3rd party trustee to monitor the assets. And the choice of broker is between him and the trustee, so IBKR is out of the view.

In that case, he can contact the institution sales team to know more: https://www.interactivebrokers.com/en/accou...nstitutions.php

That said, for trustee service one will usually go for a reputable private bank or privileged commercial bank's wealth management office to look for integrated solutions, rather than having multiple brokers catering to different markets.

So really depends on what gedebe wants.
SUSTOS
post Sep 27 2024, 09:45 AM

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QUOTE(dwRK @ Sep 27 2024, 09:41 AM)
he just wanna know if the div is kept in a trust acc...

imho... its moot, as you send them $$$$ to buy stocks and they manage it via custodian acc, no reason $ from div needed to be managed via trust acc...
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Yea, the cash dividends are in the form of cash, deposited in custodial accounts at banks or US T-bills. So, no "trust" account involved.
SUSTOS
post Sep 27 2024, 02:10 PM

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QUOTE(gedebe @ Sep 27 2024, 01:49 PM)
for all local brokerage for bursa, it is called trust account, don't you guys have it also?
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In the US it's all custodial account, and it's pooled together with all other clients' funds on a net basis, i.e., they only hold cash balances sufficient to cover client obligations after netting all client's cash positions.

In the US (and Europe), you may opt for registered shares by dealing with transactions via transfer agents like Computershare: https://www.computershare.com/us/becoming-a...isted-companies. There is no central depository like in Asian bourses (SG's CDP or Malaysia's CDS).

In Malaysia, for nominee account, I think it is a similar process except they call it trust account instead of custodial account. Your money is pooled together with other investor's net cash positions in the nominee's trust bank account.

SUSTOS
post Sep 27 2024, 04:51 PM

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QUOTE(Medufsaid @ Sep 27 2024, 04:34 PM)
no time to really check but looks like "Malaysian Ringgit-denominated Equities and ETFs" no longer have "Coming Soon" anymore. anyone wanna investigate? https://www.interactivebrokers.com/en/tradi...sa-malaysia.php

cc TOS
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Lol why ping me boss laugh.gif

How does it look like before this? Where does the "coming soon" banner/statement appear? You got screenshots or something?
SUSTOS
post Sep 28 2024, 10:01 AM

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Straits Times | Asia

Letter From Hsinchu
Fast cars, speed dating: Lifestyles of ‘tech new rich’ in Taiwan’s Silicon Valley

https://www.straitstimes.com/asia/east-asia...-silicon-valley

QUOTE
More than one Taiwanese friend has told me, only half in jest, that this male-dominated workforce “only know how to talk to computers” and certainly not to the opposite sex. Only 13 per cent of engineers in all of Taiwan are women, according to a 2020 survey by the Chinese Institute of Engineers.

As a result, these male engineers in Hsinchu are often labelled as zhai nan, or nerdy homebodies who are obsessed with technology to the detriment of their social skills.

More than one Taiwanese friend has told me, only half in jest, that this male-dominated workforce “only know how to talk to computers” and certainly not to the opposite sex. Only 13 per cent of engineers in all of Taiwan are women, according to a 2020 survey by the Chinese Institute of Engineers.

As a result, these male engineers in Hsinchu are often labelled as zhai nan, or nerdy homebodies who are obsessed with technology to the detriment of their social skills.

...

Mr Jay Tsai, an engineer at leading smartphone chipset supplier MediaTek, said tech companies in the industrial park often provide comprehensive childcare services and other family-related benefits.

These companies also host regular matchmaking and speed dating events, to pave the way for its single engineers to meet employees from other departments or industries in Hsinchu, such as finance and education.

...

The generally higher incomes of these engineers make them attractive to those seeking to move up the social ladder.

According to an August 2024 survey by popular jobs portal Yes123, the No. 1 profession that Taiwanese women hope their future husbands will be in is tech engineering, ahead of finance and medicine.

“There is the idea that Hsinchu professionals can offer a comfortable and stable way of life, and it’s true that workers at the science park earn more,” said Mr James Liao, 48, who used to be a financial manager in MediaTek.

“But this also comes at a cost – these employees work many, many hours, which means that their families might not get to spend much time with them,” said Mr Liao, who is now the chief executive of healthcare company Taichan.

...


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This post has been edited by TOS: Sep 28 2024, 10:08 AM
SUSTOS
post Sep 30 2024, 04:18 PM

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I am gonna work in one of these some days later!

FT High frequency trading

New titans of Wall Street: How trading firms stole a march on big banks
Handful of secretive businesses including Jane Street and Citadel Securities have seized market share from the old guard

https://www.ft.com/content/9439108d-4fe3-4f...40-da9412f1ba0b
SUSTOS
post Sep 30 2024, 09:18 PM

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FT Alphaville tries to estimate the cost of a luxury watch.

FT Alphaville | Watches

What does Trump’s $100k watch tell us about the future of luxury goods?
Think like a tourbillonaire

https://www.ft.com/content/dc255217-dd18-43...4d-347bd1776d29

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