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This is correct. BTW, < 100 shares is called an "odd-lot". > 100 shares, but not an even multiple of 100, is called a "mixed-lot". There are still problems with TWS thinking that some odd-lot closing orders are opening orders when you have other orders pending in the same stock. I...

The cool thing is that if you don't like it, you're free to develop (or have developed) an alternative front-end, using their APIs. As long as you don't mind routing all your orders to BEST, that is :-( For my fairly high volume trading style, in listed stocks mostly, I think the TWS app is...

I can't resist a good flame war :-) Funny. Perhaps if you actually formed whole individual sentences, capitalized, and punctuated properly, you would be easier to read. You should re-read your own original post. You made unequivocal statements that were blatantly not true, and others...

Speak for yourself! I have scripts that auto-process my emailed statements when they are received. Having to download my statements every day would be a pain, since I'm sure they'd do it in a way that couldn't be easily scripted. Of course, supporting PGP encryption would be nice, but I'm...

I'd like to know if anyone (else) is trading stocks with an app that integrates with one of the IB TWS APIs?

Not really. I don't understand why it was addressed "dear futures traders". I got my gray hair quota for the year because of NYSE being down for over an hour after the open on Wednesday and Thursday. I don't know if the problem that the letter purports to explain is related or not. I wouldn't...

It's the same ugly applet that is used for Naz level II. The current beta notes talk about cosmetic improvements that should help. It appears to be 10-second snapshots, which I believe is what the NYSE data feed provides (to reduce bandwidth requirements). Mine went active on the second...

Is this like a filibuster? Is someone going to start reciting recipes? :-)

There appears to be a bug in their front page. This link seems to get you somewhere useful: http://www.lionsgrouptrading.com/secure/root.jsp

There appears to be a bug in their front page. This link seems to get you somewhere useful: http://www.lionsgrouptrading.com/secure/root.jsp

I'd say scary is better description. If they're as clueless as their website makes them appear, I feel bad for anyone that falls into their trap. From what I could gather, I think they get traders to put their own money into a retail account, and the broker/dealer cross guarantees that...

I think we should form a pool on how the retention numbers shake out :-) While I admire you, Don, for wanting to post what you find, I'm taking 00, because I don't think the nasty compliance guy will let you do it :-) I'm guessing that the 5% success number that the media likes to talk...

This is true, if you're trading options. It's required by the rules of the option exchanges, who want to restrict competition with their MMs by handicapping retail traders (further).

Remember that kid in New Jersey though, that the SEC decided to make their ground-breaking case. (BTW, I found it truly bizarre that they picked a situation that was apparently very much "gray" to set the precedent for hitting individual retail investors for message board postings. Maybe...

Are you certain that this is BTrade's policy? Is there something in writing somewhere that says this? What you are describing looks like the standard "mark-up" that occurs for short sales, either to the previous day's closing price (Island, Instinet) or using the uptick rule for the last...

As an alternative to a commercial system like Tradelog, it's easy to simply export the trades from TWS (using File->Export Reports and save with a .txt extension). The resulting semicolon-delimited file can then be imported into Excel (File->Open, select Files Of Type: Text, find your file...

If you write it yourself or contribute the algorithms to the programmer, it's a white box. If you buy someone else's system, without explanation of the algorithms, it's a black box (and you've probably been taken). I'm a programmer and a trader. If someone wants to contribute a winning...

Can someone help me understand how these rooms, systems, etc. work? If the guy that calls the trade says buy KKD, and even 20 people jump on it for 1000 shares each, it's going to move away, right? Do they only call really liquid stocks, or limit their membership enough to ensure that the...

You can also step through the dozen or so sectors in the Yahoo Finance sector thingy: http://biz.yahoo.com/p/s_mktu.html You can sort them by market cap, and then download to a spreadsheet. Easier than 100 at a time, certainly. I don't know which stocks it includes, but they seem to go...

This latest issue is kind of disappointing, given that I have seen improvements in their handling of some issues as a result of all the bitching we do :-) Or maybe they're just listening to the survey (http://www.interactivebrokers.com/html/survey/march_survey.html).