What is the meaning of cash sweep in the context of cryptocurrency trading on TD Ameritrade?

5 answers

• Nov 24, 2021 · 3 years ago
  In cryptocurrency trading on TD Ameritrade, a cash sweep refers to the automatic movement of excess cash in a trader's account into a money market fund or a similar cash management vehicle. This helps to maximize the potential returns on idle cash by investing it in low-risk, short-term instruments. The cash sweep feature ensures that traders' funds are not left sitting idle and instead are put to work to generate additional income.
  436218
• Nov 24, 2021 · 3 years ago
  Cash sweep is a common practice in the financial industry, including cryptocurrency trading on TD Ameritrade. It helps traders to optimize their cash holdings by automatically transferring excess cash into interest-bearing accounts. By doing so, traders can earn a small return on their idle cash while waiting for trading opportunities. This feature is especially useful for active traders who frequently have cash balances in their accounts.
  443148
• Nov 24, 2021 · 3 years ago
  When it comes to cryptocurrency trading on TD Ameritrade, the cash sweep feature is designed to provide traders with a convenient way to manage their idle cash. By automatically moving excess cash into a money market fund, traders can earn a small return on their cash holdings. This feature is particularly beneficial for traders who want to make the most of their available funds and ensure that their cash is not sitting idle.
  429108
• Nov 24, 2021 · 3 years ago
  In the context of cryptocurrency trading on TD Ameritrade, the cash sweep feature is a great tool for traders to optimize their cash management. By automatically transferring excess cash into interest-bearing accounts, traders can earn a small return on their idle cash. This feature is especially useful for those who want to make their cash work for them and generate additional income while waiting for trading opportunities.
  42886
• Nov 24, 2021 · 3 years ago
  As a leading cryptocurrency trading platform, TD Ameritrade offers a cash sweep feature that allows traders to maximize the potential returns on their idle cash. By automatically moving excess cash into a money market fund, traders can earn a small return on their cash holdings. This feature is designed to help traders make the most of their available funds and ensure that their cash is not left sitting idle.
  41269