Online Trading Account
- Details
- Category: Online Trade
An account similar to a traditional bank account, holding cash and securities, and is administered by an investment dealer. An account held at a financial institution and administered by an investment dealer that the account holder uses to employ a trading strategy rather than a buy-and-hold investment strategy. Though trading accounts are traditionally thought to hold only stocks, a trading account can hold cash, foreign cash, securities and a number of other types of investments.
Investors who use a number of trading strategies or have a number of brokerage accounts may separate their accounts in order to avoid confusion. One account may be a registered account for their retirement savings; another account may be a buy-and-hold account for their long-term stocks; another may be a margin account; and another may be a trading account used for conducting day-trading activities.
Trading account assets refer to a separate account managed by banks that buy (underwriting) U.S. government securities and other securities for their own trading account or for resale at a profit to other banks and to the public, rather than for investment in the bank's own investment portfolio. Trading assets are segregated from the investment portfolio. They are recorded separately when acquired until they are disposed of or sold, and are then recorded at the price in effect when these securities are purchased or sold. Trading assets held for other banks are marked to market (adjusted to current market value) while held by a bank.
The state-of-the-art technology integrates your Trading Account with your Depository Account and Bank Account to bring you the comfort of hassle free trading. Trade by logging on to "canmoney.in" from "ANYWHERE" at "ANY TIME "Online debit of Bank account for purchases Online credit of sale proceeds to Bank account Corresponding online credit and debit of securities to depository account No need to write cheques; No paper work. No need to tender delivery instructions.
