equus 27 Report post Posted 9 hours ago Just got the following notice from IB. Does anyone know what the consequences are of passing over the threshold for "Professional Customer designation"? Does it mean being on the hook for Professional data subscription fees? This notice is intended to assist with monitoring your U.S. option orders for purposes of the Professional Customer designation. As background, the option exchanges require any retail customer who submits over 390 listed option orders on an average daily basis for a given month to be designated as a Professional. Professionals are then treated the same as broker dealers for purposes of execution priority and transaction fees in the following quarter. Based upon a review of your activity in U******* and any related accounts for the month of Oct 2024, you’ve submitted orders totaling 7078 contracts, representing a daily average of 373 contracts through 25 Oct 2024. Based upon this data, we project that you will meet the Professional classification if your total orders for the remainder of this month exceed 1892. Share this post Link to post Share on other sites
