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Ed, if you're primarily going to trade NYSE stocks then your main criterion should be availability of direct access to SuperDOT. Herzog is a Nasdaq MM and won't be of any help to you when trading on the NYSE. I'm getting excellent NYSE executions at Interactive Brokers and short availability...

Exactly my thoughts. If people are too cheap to shell out $100 - $200 per month for a professional market data service they shouldn't be trading in the first place. Dave

I really hope IB won't authorize use of their feed for that purpose. Their network connectivity is great as it is and there's no need to overload it to the detriment of their customers with freeriders that are not willing to pay for a decent quote feed.

Hsanson, even if IB did provide a version of BE that is limited to ECNs it would be rendered practically useless by the slowness of their links to INCA and ARCA. Actually ARCA does provide an ECN only routing option called ARCA NOW. It should be easy and require very little effort on IB's part...

Def, a while ago you answered a complaint by hsanson about the excruciating slowness/delays of INCA orders to go live and to cancel as being a problem with INCA and not IB. That's definitely not the case. Other broker's INCA links are instantaneous. As a matter of fact with IB it is several...

I have no problems whatsoever running TWS 3.0 or JTWS 4.0 on a NAT setup including a firewall setup that blocks all incoming TCP connection requests. Specifically, I'm running a Zyxel Prestige 642R ADSL router. According to the rather vague information IB posts in the FAQ section of their web...

nytrader, that's true, but that's a totally different subject matter. In that case you are not in the role of a customer of a retail brokerage at which this new regulation is aimed. Instead you are a firm employee and you're trading firm capital.

Another important issue I forgot to include in the above post: - There should be a configurable option to have the price on initiation of an order default to the inside market price (as quoted on the BE market data line) instead of the best price on the particular ECN chosen. Especially in...

The cost per trade to a self-clearing broker is about 60 to 80 cents.

After the addition of hotkeys I've taken a second look at the new JTS and while I think that this improvement narrows the feature gap compared to the old TWS I believe that there's still a number of shortcomings that will need to be adressed to make a switch worthwhile. - The hotkey...

Def, the drop down box for selecting from a list of prices around the current market price for the route in question is present in the JTS. However, what has been removed is the alternative functionality of price incrementation and decrementation by clicking in the upper and lower portion of...