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Holding positions through the upcoming Phillip/NT Clearing Transfer


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Holding positions through the upcoming Phillip/NT Clearing Transfer

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  #1 (permalink)
 WoodyFox 
Columbus, Ohio
 
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This is the email I received on the upcoming mandatory transfer from Phillip Capital to NinjaTrader Clearing that will happen on the September 17 Close of Business.

I will be calling on Tuesday to confirm the details, but if you hold any positions at the Close on September 17...Your account will not be transferred. I'm guessing this will cause problems. So heads up for those of us who hold through close?



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 SMCJB 
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WOW that seems like a pretty big thing and will probably catch a lot of people by surprise.

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 WoodyFox 
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Here is the latest details...



Account Transition

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 cdnftrstdr   is a Vendor
 
 
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I mean they've sent several emails about it, but if people can't read, that's on them.

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 bobwest 
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cdnftrstdr View Post
I mean they've sent several emails about it, but if people can't read, that's on them.

There will be people who are totally surprised, and shocked. There always are.

After some turmoil, things will settle down and life will go on.

I would not want to be working in NT support for the next few weeks, though.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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 doobietr4ader 
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Talked to support yesterday. Dorman is also being transferred. They don't have a hard date yet. He said about a month or so out. Will be nice to use ACH, which was unavailable for Dorman.

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Last Updated on September 17, 2021


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