Best way to exhange CDN $$$ for US $$$?

[Argonaut]

Settlement date was September 10, so maybe it will clear up. Like I said, I wish there was distinct sell and short buttons so one can avoid shorting. As is, there's only a sell button.

EDIT: Negative shares do not show blue so I think this may be a practice account quirk.

[humble_pie]

Settlement date was September 10, so maybe it will clear up. Like I said, I wish there was distinct sell and short buttons so one can avoid shorting. As is, there's only a sell button.

the sell button is all you need for gambitting.

i think - Sampson would know - that when you get to the real account itself, not the practice version, a short account will be available for you. It might be that client has to be approved for shorting, or at least have provable margin, is why they don't offer it in the practice account.

[blin10]

i've done it probably 50 times by now in royal bank DI with royal bank stock, saved a ton of money for sure...

[GoldStone]

The gambit didn't work on an RBC Direct Investing practice account. Though I imagine it is because of it being a practice account. After the dust has settled on settlement date, I am still long 900 shares of RY on the TSX and short 900 shares of RY on the NYSE.

I had the same experience in the RBC DI practice account a few years back. I called customer service for an explanation. It's really simple. They have a back office team that manually reconciles short/long positions. The report they get doesn't include practice accounts, to reduce the amount of manual work they have to do.

[Argonaut]

Thanks GoldStone, that's exactly what I was looking for.

[Ihatetaxes]

Thank you Federal reserve. Dollar now nicely over 1.03 just in time for some big savings on my exchange.