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I am trying to locate a broker that will allow using stocks held in the account to be used as margin for futures equity index trading. I currently use TS and they only allow cash as margin for futures trading. Thank you for any direction you can give me.
Can you help answer these questions from other members on NexusFi?
Are you sure? You deposit a stock. Reg T margin is 50%. You trade the futures off of the excess cash and if flat by day on the futures side you should probably avoid any interest as well.
Your scenario is what I was thinking would be customary. But after speaking with numerous brokers, it isn't the case. Does your broker treat your account as you describe, if so - who is it? Thank you.
You must be asking the wrong question or are asking to deposit securities that aren't marginable. Think about it, if you deposit a security that offers 50% margin, you would be able to withdraw cash from the account.
Instead of asking if you can use securities as margin for futures, ask, "if I deposit a marginable security, could I use the excess liquidity to trade futures?"
