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This is exactly my thinking. You get rebates from IB on volumes....why not pooling? An investment club of some sort.

What is your edge?

Assuming a 7% net normalised return (not a bad target in itself), trading starts comparing to the other high paying professions when: 1) You have > $5m in your porfolio (unleverred) 2) You are very good at legally minimising your tax bill.

It's is difficult being a micro HF in this age! I was thinking last night: it would be great if there was an HF starter club of some sort, where all independent managers pool their sub-accounts under one main account, aggregating their AUM to have better and cheaper access to the street. Does...

No, because prices are not normally distributed. They may be log-normally distributed in selected cases, but any chock to the data set will skew your model.

Got you. How much does Lightspeed charge for EU stocks? LSE and BVME in particular?

I agree, in general. But then again, IB's fees are expensive when dealing with European stocks.

Hey Robert, Why doesn't Lime make their schedule of fees public like IB? Do they have to be negotiated behind closed doors?

Easy answer: GS and MS won't pick up the phone if you have less than $100m AUM IB's floor is $3m.

No - exactly the same.

Hi all, I have been running a families + friends strategy on an IB personal account for a little while now, and have reached the minimum size to take advantage of IB Prime. I am hoping it would serve as a springboard to establish a track record and tap into their market place. IB Prime is said...

I asked Ioannis for his thoughts and received the following email in verbatim if it helps : "Hi Tony, I tried to post an answer in the forum, but it hasn't shown up yet due to "awaiting moderator approval". Having read your helpful responses, I would like to let you know that Deriscope...

Do you have an xls/vba template you could possibly share to get me going? (Java and Python are out of my depth)

Sorry Zbzb, I should have explained further Yes, Deriscope is limited in the sense that it is relying on Yahoo and IEX for the free stuff. So restricted to 7-days for 1 minute intraday data. But a on-off $20. That's it. No one can beat that. Alphavantage is subscription-based, but I found...

Yes, this is my fallback option. Rely on the Execution sheet to trigger orders.... I was hopping there was something hard-programmed by IB that we could use.

Zbzb is right. But deriscope is 20 usd flat! Cant beat this. And founder Ioannis (unrelated) is cool and a trainned quant.

Thanks for your question. Have been trying to put conditional orders: If LMT order to buy XYZ is filled, add automatically a sell LMT order with the available quantity at a pre-defined price. Example: BUY LMT XYZ @1 If/when filled SELL LMT XYZ @ 1.1 Any thoughts?

Deriscope is the answer then for a mere 20 bucks

I am not sure where this stands with regards to fair treatment under MiFID II. Wait until journalists in the UK get hold of it... Not cool at all.

Look at that: UK tariff schedule: €4+ to trade italian stocks https://www.degiro.co.uk/data/pdf/uk/UK_Feeschedule.pdf IT tariff schedule: €0.5+ ! this is insulting actually. https://www.degiro.it/data/pdf/it/NIB_Tariffario.pdf