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I'll take the bait (sort of). NoMo: Who says that?

Before the advent of the net, a number of brokers had touch-tone trading, and some kept it around for a while. My experience trying to use it at Waterhouse was that when the web interface went down, so did the TT system :-(

It's a neat feature, but they stopped short, if you have as many orders working as I do. What was wrong with adding Order->Deactivate All, Order->Deactivate Page (with hotkeys), and allowing you to multi-select orders to de-activate? Saving your Pending page as a basket, doing a cancel...

Springsnow: I felt that "The Market Maker's Edge" was a very poor book, seeming to be more about day-trading in the early nineties, and sharing little about the world of the "big-firm" trading desks. Just reading this site provides far more detailed information about the internal operations...

The details are at: http://www.sipc.org/release11dec03.html

Magna: I'd bet that the majority of readers would like to see the answers to these questions from as many firms as would be willing to answer. I think you're stretching the "unpaid advertising" censorship umbrella mighty thin here. And then they came for me...

mBear: It's quite acceptable to make a market in an illiquid instrument, but you cross way over the line when you talk about trading with yourself for the purpose of deceiving other participants or risk-management systems. It's not hard to spot when you are used to trading a particular...

non: I trade for a living. I need quotes for, and do trades in, hundreds of symbols. There are many different styles of trading, some of which you are apparently unaware.

MER had a flat-fee program, but they specifically discouraged "rapid trading strategies" or some such. Someone else followed (maybe MWD) the same pattern soon after. Don't know if they still exist. Because someone mentioned it... FolioFN is kind of a neat idea for newbies that just want...

Which still wouldn't accurately show you the last trade time. www.mytrack.com has cheap, fairly reliable data, including last trade time and 5-day rolling T&S. Someone please shoot me.

I would be against tick-by-tick data, if only because IB is already very stingy with the amount of data they will let you see, in comparison to other firms. It stands to reason that doubling the number of ticks would result in having to live with 20 symbols instead of 40 (or 80 instead of 160...

Quote from LongShot: how strange a rash of anti-IB threads all of a sudden.. hmmm :) I think this should be an FAQ (or frequent urban legend) on message boards. People are many times more likely to complain about something when it doesn't work, than to praise it when it does work. With...

I'm trying to get the time & sales for an AMEX stock for 11/14/2003 but my vendor doesn't go back that far. Is there someone out there with access to this data who could provide the info for me? NYSE's TAQ doesn't seem to have any provision for single queries like this. (Please PM me)

Quote from nononsense: IMHO what you observed is irrelevant. Why? My point is that there are lots of people out there that are watching the top 40 components of the NDX and/or the ETFs, and they are the ones that are using the vast majority of the server resources. Not to mention that there...

I should mention that seeing ping failures and/or slow ping responses does not necessarily mean that you will have problems with TWS (or anything else). Many routers on the net give a lower priority to ICMP packets, which is what ping uses, than other traffic. So, if it's particularly busy...

Quote from LongShot: hey dont hog all the bandwidth! :mad: Number of symbols bears little relation to bandwidth used. I recently did a study that watched every tick of a basket of stocks from TWS, from 07:00 to 20:00. The basket consisted of: QQQ 8 high-volume listed stocks 7...

Chaos: Got something that you want to get out of?

Quote from BlueHorseshoe: As you mentioned, we've both had experience with these legal beagles. My experience is that they spout opinions without doing the most basic of homework - quite ridiculous. I'd say that IB's counsel seems to "do his homework" more than those of most other firms. I...

Quote from sprstpd: Are you trying to short a listed stock? If so, uptick rules apply afterhours on listed stocks (not Nasdaq). [on Island] Actually, it's worse than an uptick rule. Between the NYSE closing and the NYSE opening the next day, both ISLD and INCA use a tick test based on the...

Quote from ChartingMarkets: As for the payment for order flow. You say they get rebates for adding ECN liquidity. OF course they do...they just dont pass it through to the customer. I was just pointing out the inaccuracy. I did also say that it wasn't what the original poster implied...