Re: IFT/ 2 day process
Originally Posted by
Cactus
You have until noon eastern to make an IFT that takes place the next day. These are not individul stocks so the trade is not immediate. It's more like a mutual fund where the price of each share is determined at the end of the day and that is the price you get and is when the trade takes place.
Well, actually, you have until noon EST to make an IFT that takes place close of business THAT SAME DAY.
IF, however, you miss the noon deadline, THEN the IFT will be effective the next trading day.
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
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