Search results

My broker (IB) does not use the terms "Day Trading Buying Power", "DT Call", "Day Trading Call", "Overnight liquidating equity" anywhere on their site. I spent a fair bit of time reading IB's margin documentation and I can't tell if any of this actually applies to me or not. So does reversing...

Revisiting this topic with a slightly different angle.. does anyone know how it works when a position is reversed in an auction (from long to short or vice versa)? e.g. I am long $500K of X and I have no buying power left at all. Can I reverse the position using a MOC order to sell $1M = 2 x...

I was using yahoo for my US stocks system so I needed an alternative. Here's a summary of my research into cheap US stocks EOD data: eoddata.com Platinum plan $44.95/mo (37.5/mo for 1 year) "20 years" history adjusted for splits but not dividends no delisted stocks web API or software...

Bob - Thank you, that's very interesting. Is that ability to not calculate DT margin in real time for large accounts (>$5mm) the same thing as what Occam mentioned in his post or is it something else? d08 - Interesting, why 30 minutes? Do you mean that the margin corresponding to those...

True, Bright is maybe a bit of an exception in that respect... the thing is though, they don't have very good rates (more expensive than IB in every aspect) so it's not that interesting unless you are really capital constrained and/or can really take full advantage of the massive leverage...

Thanks - very nice, that sounds like exactly what I'm looking for. I've been researching several strategies where the extra BP for open orders could be super useful. My account isn't at $1M yet but good to know it's out there, aspirationally.. or at least was. I'll try contacting them to find...

I'm a quant, not discretionary. 6.66 isn't a big deal if you know how to construct a well hedged portfolio with hundreds of stocks. If I were a big risk taker I'd just go prop, some offer much more leverage than PM - but the idea of wiring my money to some shady offshore outfit scares me much...

With portfolio margin you can get up to 6.66 leverage in theory (for equities). An interesting question is, what is the maximum leverage that you can execute in the opening or closing auction? For example, if you have a portfolio at 6.66 leverage and you liquidate the entire thing at the close...

Happened to me this morning. ASH closed at 122.33 and opened at 123.27. There was no apparent unusual trading in the stock and customer service was unable to explain why the order was capped at a price far below anywhere the stock had recently traded. And yes this caused me to lose money - just...

Bump. Is my post TLDR or does no one have an advisor account with IB? Are the allocation fees new, as they seem to be? If so, has anyone been affected and/or had to shut down because of it?

"Trade Allocation Minimum Commissions" appeared on the commissions page recently: https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks2 Has IB always had this buried in the fine print somewhere or is it new? I had plans to open a F&F advisor account but this completely ruins it for...

Impressive. Would you consider sharing some of your Sterling automation scripts to help save others some of that trial and error? What are some brokers/firms that support FIX? I actually searched for that before but had trouble finding much info.

Thanks, that's actually helpful. I think that's probably the only option for people who have no choice but sterling. I'll consider whether I want to attempt building such a system. I am not a fan of hacks and this would be a giant one, but it could be worth it, perhaps...

Being broker neutral is not an excuse for being a buggy, crashing POS. Why would you even mention that? Yes I use IB. I find them expensive but at least their stuff works reliably.

Interactive Brokers is one example.

Sterling doesn't crash the system, it crashes itself. I guess you could develop some kind of system to automate restarting sterling. How would that work.. Constantly search for the error message box (using FindWindow() Win32 API), then when it appears, force terminate the sterling process...

Of course you can't trade when the market is closed. The point is that sterling won't stay open by itself, it needs to be manually restarted at least once a day. And if your network hiccups, then you need to manually restart it after each hiccup. That means you need to be there watching it all...

Another black mark against sterling: http://www.elitetrader.com/et/index.php?threads/why-sterling-pro-is-not-suitable-for-fully-automated-systems.287170/ To think they charge $250/mo for this, it's incredible.

Also, just for fun, here is a screenshot of what your desktop will look like in the morning if you leave Sterling open overnight.

It seems that a lot of prop firms these days use Sterling Pro (from sterlingtrader.com). If you are considering joining a prop firm to run your fully automated system, make sure you find one that supports platforms other than Sterling. Even though Sterling has an API, it is not suitable for...