So no more day trading?
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@godswen wrote:Did yall see the new announcement! So it's gonna be; you pay first then you get the shares!
So no more day trading?
Actually day trading can still take place but you may need to have a margin account or a credit balance in your account in order to make payment for the buy side of the transaction, once you make the sale the proceeds will net off the margin/credit to your account.
That is the theory but the CSE/SEC has a tendency to muck things up when it comes to practise.
Last edited by slstock on Tue Sep 27, 2011 3:44 pm; edited 1 time in total
And do we really need DVP here in CSE?
@zen wrote:Gyuz I don't understand.. What's the difference between this and the current system? When I buy shares, my 'cash available for withdrawl' goes down and the 'portfoilo value' goes up. When I sell, it happens vise versa. What's the difference?
@zen wrote:So it only affects people who use margin? If that's the case, it's good. It makes the market more predictable, trends will not be interrpupted and we won't have face times like these.
But what happens to a guy who sell to a person who isn't paying on the spot. A sale happens but it could be cancelled???
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