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That is not true. Remember that you are far more likely to hear complaints than praises, particularly if it is in the traders' best interest not to raise the misunderstanding to anyone's attention. I've said it before - "read what you sign".

Seems to me that back-testing and testing live with a simulated account should qualify as experience. Barring any definition of that term (or the word "is", for that matter :) ), I don't think saying you had 2 years of experience would be a lie :)

Quote from PDSupport: You can route to NYSE Direct (NX) , SDOT, ARCA, ISLAND , and BRUT. But not INCA (as shown on your web site)? Also, the SEC fee is currently $46.80 per million. Or are you guys absorbing the increase for your clients? Do you have an API and/or FIX capability for...

A lot of people post questions like this. There's no way to answer with anything close to accuracy without knowing exactly what and how you trade. That's because different exchanges and ECNs charge (or pay) different rates, many of which are as much as or more than the base commission charged by...

"Quick Stock Entry" makes it as easy as just typing in the symbol and pressing <ENTER>, assuming you want to use the same route (SMART) for each. Search for it in the IB manual. You can manually edit the jts.pg file, but it stores a key value, not the symbol itself, so you'd have to create a...

Did you search for this problem on the IB discussion board? It sounds a little familiar. The solution may have been something like moving TWS to the main screen and back again, or always launching it on the main screen and then moving it to the second one. Also try disabling DirectDraw...

Does anyone have a source of reliable inside-market ECN quotes via an API? In particular, INCA has always been difficult/impossible to get, and nobody except IB (lately) seems to be able to get ARCA quotes reliably. I need to watch a few hundred low-volume stocks. If not, how much...

Does anyone know more about these setups, which seem to be proliferating rapidly? I thought that the regulators had decided that the "overnight bank" that was common in day-trading firms was contrary to the regs about trading on borrowed money and effectively exceeding margin requirements...

Why? And what was the first reason? It seems silly to me to want to be long and short the same position (in two separate accounts or in the same account), for all the reasons stated (double slippage, double equity requirement and therefore half the performance, extra transactions and...

I don't know when the list is updated, but stocks that are shortable vary continuously through the day. I never use the list - I just try it to see if it works.

You can enter a single 2000-share order and it will split it into two orders - Sell 1000 and sellshort 1000 (because of the need to enforce the uptick rule for the short). It's not clear whether this is treated as 2 orders or 1 for commission purposes. Also note that it does a neat trick if...

Did anyone ever really explain what they do with the COMPX? I remember some supposed guru once talk about charting the COMPX with various indicators and making trade decisions based on them. Then he traded the QQQ based on those decisions. When asked why he used the COMPX instead of the NDX...

As a career programmer, it never would have occurred to me to request a page, then another page, etc. in a loop. Jerry's right - that's a hack, and could easily be expected to result in IB's action, which affected other people too. I ran into the limit on Tuesday, too, but by switching back...

jj: You need to ask Brown whether the order will be routed only to the NYSE when you place it after-hours or pre-market. If so, in either case if it's a market order to buy or sell long, you will be part of the opening trade, and get filled at that price. There's no way the "specialist can screw...

Can you give an example? I can't see how this would work.

Why? As I understand it, in the past, the connections to the regionals have been slow, problematic, and relatively expensive. Considering the limited about of business that would get done over them, I can understand not wanting to add them. OTOH, things may have improved, with the...

You guys that are seeing the LQ, where are you getting it (which quote provider)?

I've always just listed total buys and sells for each of a handful of accounts, and had no problems. Last year, they questioned a couple other things, and it turned out they were right, but they still didn't ask for backup for Schedule D. There are easily thousands of investors and non-pro...

p2 said: I want a big 4 firm to issue me an opinion letter on whatever documents I have made up. The subtle ambiguities of the English language strike once again :)

The authoritative list of which types of orders are used for each exchange is at http://www.interactivebrokers.com/html/retailAccount/products.html