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Question on 3-day settlement

Hi,

I am trying to code a backtest by setting a broker as IB. I noticed the 3-day settlement setting and here is the problem I have now.
1. In the initial investment, if some cash cannot be fully utilized as some rounding or stock price, is the unutilized cash appeal in self.Portfolio.Cash?
2. When I use self.Liquidate(), is the self.Portfolio.UnsettledCash appeal the number immediately?
3. Is it possible we can get the settlement date for the sale transaction?
4. How do you guys deal with this 3-day settlement?

Please advise me and thank you so much

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


Hi David,

  1. Yes, the unutilized cash will appear in self.Portfolio.Cash
  2. Yes, the cash will appear immediately in self.Portfolio.UnsettledCash
  3. We do not explicitly have the settlement date, but the date can be gotten through the current time (self.Time) plus a time delta of three days (timedelta(3)). 
  4. To ease the effects of settlement times, I suggest the usage of Margin Accounts

Best,
Shile Wen 

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The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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0

The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.


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