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I have used DSL and cable in different parts of the country, both have worked ok. If you are fortunate enough to have both options available to you where you live, I would probably go with the best deal price-wise. I have used Echo's software over a 56k dial up connection, had a few...

Don, why is it necessary for the firm to be a member of an exchange?

You have direct link to ARCA? They will route to other ECN of no match internally on ARCA.

Bouncer - nice one on those Cohen calls! LOL

It is not a happy thought, that prices would go up, because the commisions charged (the "vig") is mathematically a very difficult hurdle for the very active trader to overcome (especially following Nasdaq's horrendous "decimalization"). Neiderhoffer's "Education of a speculator" has a great...

Look out for all this advertising about cheap rates! They are trying to trick you by advertising low rates and marking up their ECN fees. Read the fine print - their ECN fees schedule. If above .0019 (ISLD), .003 (INCA), .003 (ARCA)? They are marking them up. Not to mention the...

http://www.tradearca.com/exchange/fees.asp

IB (and these other firms) should try an optional "premium support" service. You pay a fee per month, and get direct access to a customer rep. Less than 3 rings!

I worked at a tech help desk. They worked out the costs of running the office per call they answered. $29/per call. That probably doesn't work too well when you are charging .005/share. At this call center (its a well known big corporation), they actually wouldn't answer the phones too...

Great commentary limit, thanks.. I must say that in the case of Interactive Brokers' internal trade matching (the "hidden" Timberhill orders that you get filled with) - its the fastest fills I've ever seen on any platform, and a source of extra liquidity - so I'm all for my broker trading...

I think it's worth mentioning that Nasdaq, INCA/ISLD, ARCA/Redi are separate markets. They are competitors in OTC trading. Nas does not operate OTC trading, they are trying to hold on to whatever market share they have using their (ECNs would argue monopolistic) control over the national quote...

"Under the deal, Los Angeles-based Northrop, the nation's third-largest military contractor, will offer between 0.4348 and 0.5357 of a share for each TRW share." I have seen the $60 figure, as an estimate of the value of the deal based on the current prices, and as a price target by an...

I'm gonna try half of NOCs price vs. TRW - nice easy calculation! Any insights on trading NOC or TRW? My (limited) experience with NOC, it makes these really nice 1-2 pt. moves with the S&Ps?

I'm not sure how much the subscription is, you can send an email to them to find out I believe.. With the free trial, you can pull up a list of the most highly correlated stocks in the entire mkt. Was much more time efficient for me, than loading data from individual stocks looking for...

I started trading pairs a few months ago and it has worked out very well. Since it is commission intensive, and spreads can run pretty tight on the highly correlated pairs, more capital leverage/less commissions is helpful - so this is well suited for prop traders. I also have not found a...

It seems that SM is Nasdaq's attempt to address the "fragmentation problem" that NYSE traders are always so quick to point out about Nas. This "fragmentation" or multiple simultaneous markets is typically addressed in the order entry software, for instance IB "SMART" routing, which will go to...

I assume I need data from DTB (and possibly MONEP) to track DAX and ESTOXX50. I do not see these as options to subscribe to on the market data subscriptions in IB. I do see LSE, XETRA, Swiss.. This is with a US stock/options acct. I (of course) dont trade futures with this acct., just need...

Thanks all for your insights!

$91k for three years work! Def - you a cheap-skate! :)

I'm not talking about the pickup in trading or volume. I'm saying that all day long the bids and offers from the MMs and ECNs size 1-20 lots typically on the Level 2. At 3:30, these 400-800 lot sizes start showing up (typically on ISLD or INCA). Usually they move the market in the...