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We are rolling back the whole odd-lot restriction to the way it was 1-2 weeks ago. It is likely we will not restrict opening odd-lot orders except for the NYSE restrictions already in place previously. The roll-back may be in even tomorrow but in any case should be very soon. People playing...

Look at the proper page on the ARCA website: http://www.nysedata.com/nysedata/InformationProducts/ArcaBook/tabid/293/Default.aspx click on the 'Pricing' tab. This is the data product in use by IB and most, probably all, data redistributors. The other link refers to some other ARCA product...

ARCA was purchased by the NYSE. The NYSE now controls the ARCA market data and has added it to their control schema wherein non-pro users can access the data without specific prior approval from the NYSE and pro users must get prior approval. This is the same way NYSE market data works. If you...

IB comments about odd lot restrictions are posted on the aforementioned thread.

NASD and SEC both have commentary mechanisms well marked on their web sites. But this case is not really the place to complain heavily about IMO. The fact is that there are abusers of the system via odd-lots so it is not unreasonable for the regulators to require firms to police for things where...

The supervisory requirement comes from regulators so applies to all exchanges/ECNs. The NYSE specialists just got the issue on the table. At least, that is my understanding. I agree we should have communicated better.

A new set of regulations requiring special supervisory practices for odd lot orders has been put in place. Apparently, traders were/are abusing the NYSE specialists by submitting 10 99-lot orders instead of 1 order for 1000 shares. The specialists complained and there are new rules. IB...

It really isn't a 4% margin although it may end up feeling like one if you have large positions in many currencies. For example, say your base currency is USD and you put on a EUR.USD trade in 100K. We require you to have 2K EUR to do that, or 2% of the non-base currency position. No problem...

Consider the following EUR.USD quoted 1.3110 - 1.3112 20Mx20M on the consolidated IDEALPRO order book (large order book). There is a bid 1.3111 for 12'000 EUR, smaller than the 25K minimum order threshold on IDEAL (the small order book). To alert clients of the existence of this 'oddlot'...

To be precise, the contract based 'position', pnl, and Average Cost are fully implemented but are still in a roll-out phase. The features are functional but only about half of the clients are enabled. I expect the upgrade to be distributed to all clients by 4 December, perhaps 1 Dec.

* new interface: 1-2 weeks, maybe sooner in beta * better position flattening: this is taking more time than planned. 1 month plus/minus but this may slip * position based view: we rolled it out about 2 months ago and had to take it back because many non-FX traders panicked when they saw 'fx...

Answer: Too much name-calling and other irrelevancy. We (I) prefer to operate with serious traders who are trying to work WITH us to build the best possible platform. It is more efficient and productive. This thread started with TraderTony describing a problem he experienced. As far as I can...

2 small items for IDEALPRO (and also IDEAL):commissions are now always charged in base currency. This will simplify getting exact positions in both numerator and denominator currencies.(Ex: base=EUR and I trade 300'000 USD in JPY/USD @ 120.00. The commission would be 300K * 120 * 0.00002 = 720...

It is actively being worked on. It isnt so simple. Banks dont want 5K orders. They don't really want 25K orders. Their target order is 1M. I think we are 2 months away from fully releasing a series of enhancements. 1 month if things go smoothly.

I was unable to find any unclaimed tickets. Please PM me the ticket number and I will look into it.

We have a $2.5 price. We converted to other currencies at some rate in the past when the dollar was stronger. Since then rates moved pretty sharply so the pricing in other currencies is no longer equal (roughly) to $2.50. Hence 'legacy'. 'Soon' means it is begin actively worked on now. I...

We used to auto-convert small balances under 1 currency unit but this got lost along the way. Closing out small balances is part of the new feature set. We realize it is annoying as is.

Don't confuse IDEAL and IDEALPRO. They are not the same thing. Forget IDEAL. It is not a forex platform. It is a currency conversion facility for people trading outside of their base currency in say, stocks, and who want to flatten back a small amount of money. We arent going to send an...

I will address 2 points: (1) about the integrity of the IDEALPRO market place (I am NOT discussing IDEAL, which is like the odd-lot or small order facility, and is going to be subsumed soon); and (2) Timber Hill role in IDEALPRO. SKEWED OR BIASED PRICES Sorry, your observation must be...

Perhaps I dont understand to what you are referring but you do NOT pay interest on fully paid for purchases, only on loans of some kind. Regarding various other comments made here, our policy is what it is. We have reasons for it, as has been explained in brief. I am sure we could program...