Join Date: Apr 2006
Location: Gainesville/Tampa, FL
Bikes: Trek 1000, two mtbs and working on a fixie for commuting.
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Let me hope that there are some self brokers out here that like to ride as well.
If I opt out of the Bank Deposit Program sweep account that Scottrade has, will my funds be settled faster? I like to move in and out of the market quite a bit and have to avoid free riding.
This explanation from Scottrade - "Settled Funds at Scottrade, Inc. - The amount of settled funds that have not been swept to program banks" - makes me think that being in the BDP may increase my settlement time.
Thanks for any input. Too bad you can't opt-in after you opt out of the BDP or else I'd just experiment.