He didn't say he was paying ECN fees - only SEC. If you take a lot of liquidity, 0.006 isn't all that bad, but there is better, as others have pointed out.
http://www.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc
shows you can get a "bundled rate" of $0.005 all-in...
All this does is limit your profits. Unless there is some fundamental change in whatever your edge is when you have a really good day (unlikely), there is no reason to do this. In fact, above-average returns in a day might mean that your edge is temporarily greater, and you should trade more...
I get disconnected at 17:00 ET in at least one of my accounts, too. I've had an open ticket on it for a while, to which I've added a link to this thread. Hopefully, they'll see the pattern.
What do you mean?
The check is made out to you. You endorse it in order to deposit/cash it at your bank.
If you mean "can I endorse it over to a third party?", that's up to the third party and their bank as to whether they will accept a third-party check, not IB.
You were reading the "Market-Limit" (IB's MTL) order type, not Market.
Native GLOBEX market orders effectively become limit orders at 50% of the no-bust range through the other side of the market. So, for example, if the no-bust range is 12 points, buy market when the offer is 1280 becomes a...
Only one of them is the actual closing print (with the '@' indicator in my feed). For example, the GCI closing was 210600 shares - the other print for 31200 was 10 seconds earlier. It's routine to see several prints at the closing price, which are probably cleanup prints, piggy-backing, etc.
IB has only recently started trading pits, so the list continues to grow. Try http://www.interactivebrokers.com/en/trading/products.php?ib_entity=llc and click on the exchanges for lists of products traded.
It includes the electronic futures exchanges - not the floor quotes. That is, GLOBEX, ECBOT, NYMEX eMinis, EUREXUS, ONE, NYSE, AMEX, NASDAQ, ECNs, option exchanges.
Quote from loufah:
Hah. According to https://us.etrade.com/e/t/estation/help?id=1907000000 their sweep deposit account pays .25%, .50%, or 1%, depending on the balance.
There are many more sweep options, though, which pay over 4%, but are probably not FDIC-insured (though very low-risk)...
Add a chart parameter that lets the user specify a percentage to be used to filter out bad print ticks in charts. It should ibe used to filter out any prints that are more than that percentage up or down from the previous print for line charts, or above the high/below the low of the previous bar...
Provide a different fg/bg color setting for the Destination column of an order line, and add a field to the order ticket form, which indicates that the order is simulated. This is much easier to use than having to memorize or look up a given combination of order parameters to figure it out.
Either:
- Add "CLO" as a TIF and remove MOC and LOC from Order Types; OR
- Add "MOO" and "LOO" as Order Types and remove "OPG" from TIF.
This resolves an FAQ of "I found how to enter opening (closing) orders but how are closing (opening) orders entered?"
Quote from Merkur:
1. It's ridiculous that you write all in bold, Fine, Fine.
Sorry you find that disturbing. It simply makes more sense to me to show the attribution in italics and the new comment in bold, unlike this message board software. It also saves page space to do it this way...
Quote from Merkur:
One time more: CME charges a clearing-firm per product and day AND NOT(!) per custumer. But IB will charge the same amount per each custumer, so they would generate income(!) with that.
The word "may", not "will", is used in the bulletin. Given that English is apparently...