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IB's API is horrible. No one in their right mind would copy it.

All communication in MT (I can't speak for other third party software) is directly between MT software running on your computer and the brokerage. It does not go through any middleman servers. We have thousands of users, quite a few just as (justifiably, I guess) paranoid as you. If we did any...

Brokers with API (that we at MT connect to): TD Ameritrade, Webull, Ally Invest, Interactive Brokers, Tradier, Robinhood (not official), E*Trade (no streaming market data), Rithmic, Gain Capital, Questrade (Canada)

Don't know - the Reference price is adjusted by taking a 5 min SMA of trades, and let's say it is an extremely hinly traded stock, if there were 2 trades in the last 5 min, one at $26 and the last one at $90, the average would be 58. Upper limit would become 64. Yeah it should have been halted...

Implemented it as an indicator on chart.. Looks about right:

Medved Trader

Not sure which forum to put this into. I have been reading LULD regulations trying to figure out how to calculate the limits. Tell me if I am correct. The price band % calc is pretty clear - depends on time of day, previous close and Tier1/Tier2 designation. The limits are calculated as the...

Yes, you can use Medved Trader to send trades via IB even if you do not have IB's real-time streaming data subscribed. This of course assumes you have some other datafeed that you can use in Medved Trader. You do have to disable some setting in TWS to remove that check for API orders.

GotherL - I'm not sure what you mean by "bring the charts into the tws platform". If you mean connect to TWS to use the data for better charts and to trade in a better UI - try Medved Trader (www.medvedtrader.com).

What is TDW?

CME doesn't need to find out because CME already knows. TDA pays bulk fees to the exchanges and doesn't have to account for every user they redistribute the data to. You may not believe it. Knowing the guy that told me, I think it's true. There is also no other way to explain how everyone and...

bone, I am not talking about individual traders. I am talking about the amounts TDA is paying to the exchanges for data.

AFAIU (and this is what I have been told by people who're supposed to know this, I have not seen any supporting documentation for it) once you get to a certain level of service (as in, big payments to the exchange every month) you no longer have to account for every client that is receiving data.

AFAIU, IBKR Lite has no access to TWS anyway. So no one sees "IBKR Lite" in the upper right hand corner.

That's only for one month... If they ever "pay you to trade" they will really have to put a lot of restrictions in that. Like the trade has to be over a certain $ value and you can't trade more often than a couple of times a day, and only on certain stocks. Otherwise I could buy/sell 1 share of...

Regular backups help. At most you lose a day's worth of data. And of course the hassle of doing restores.

I don't know what TDA gets. This is from Robinhood: https://blog.robinhood.com/news/2018/10/12/a-letter-from-robinhood-co-founder-amp-co-ceo-vlad-tenev "Robinhood earns ~$0.00026 in rebates per dollar traded.". That's $2.6 for $10K traded.

NYSE exchange fees: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Clearing fees: as an example, IB passes through a clearing fee of $0.0002 (I think) per share for each order. So for 1000 shares it's 20 cents. Exchange + clearing fees can add up. I guess the next step...

I see that for a $10K trade the brokers get maybe $2-$2.5 in order flow payments. I am not sure if this is for market orders only or for limit orders as well. Traditional order flow payments were for market orders only, but AFAIU it is done for limit orders nowadays as well. So - if they don't...

From one of our clients who mostly trades pinks and otcbb: Ameritrade will continuing charging fees on otcbb and pink sheets just like before. Etrade will make theirs zero commission but are going to raise the rates to 4.99 for people paying less now. They will also pass along FINRA charges...