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Broker Funding

In a Fully Disclosed Broker account, the clients fund their own accounts, while the brokers deposit funds for their own trading into the Proprietary Account for Broker-Dealers. Market data and research subscriptions for the broker's own trading are billed to the master account, so funds must be deposited into the master account to pay for those subscriptions.

To deposit funds into your Proprietary Account for Broker-Dealers, log in to Account Management with your master account username and password, and then use the Account Selector to select the Proprietary Account for Broker-Dealers (the Account ID has a "U" prefix). Click Funding > Fund Transfers and initiate a deposit transaction.

Fund Transfers

In addition, you can:

• Transfer funds between your Master Account (I account) and Proprietary Account for Broker-Dealers (U account);
• Transfer funds from the Master Account to your client accounts

You CANNOT transfer funds from your Proprietary Account for Broker-Dealers to your client accounts.

For more information

• For detailed instructions on depositing funds, see the Depositing Funds topic in the Funding chapter of the Account Management Users’ Guide.
• For specific details on Deposit Notifications, Transfers, and other funding issues, see the Funding Reference on our website.