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You're right, it's much more likely that OP is a retard who doesn't know he's on fixed commissions instead of tiered. Occam's razor, right? Especially after he pointed you to the fine text about the API. /s LOL. If the answer is obvious then just post it. This should be good.

Nice try. If you knew about the API thing to begin with, then it would've been obvious to you that he's using the API to achieve that result. Protip when you get called out for not knowing what you're talking about, just learn from the mistake and move on. Don't double & triple down.

1) Automation is programming, you say you want to do automation without programming I doubt you are going to have much luck with that, especially if you want to use relatively esoteric order types like MOO. 2) Any broker should "allow" you to automate the trade, but you need programming. I know...

IB could match against customer orders on the exchange and then cancel the one on the exchange, taking on risk of double execution. I suspect this limitation is a mostly legacy from the timber hill era when they were trading against customer orders. Now that that is in the past, they no longer...

Wrong. Apparently you do need to read it. Such arrogance is not a good look, and probably won't help you in trading either.

Because more buying power is better. The other way sucks. Nope. Works this way in live accounts too.

Maybe IB takes on any risk associated with settlement fails or whatever antiquated reasons there originally were for not immediately freeing BP when liquidating an overnight position. I don't really know the answer, but why question it? Are you seriously worried that IB is violating regulations...

Doesn't work on IBKR lite: "OnClose or OnOpen US listed stock orders are free for IBKR Lite clients so long as the order does not exceed 10% of an account's monthly US stock trading volume, otherwise your account will be charged USD 0.005 per share." What brokers do you 100% know this works...

a bit under 2 cents

Thanks Robert, Better to ask such questions publicly so everyone can see the answer, no? I was surprised I couldn't find this on google. So it incurs a wire charge, but is it literally doing a wire transfer, or is it a Wedbush internal transfer? How long does it take to receive once sent?

For those with both an equities and futures account with LS, How easy is it to transfer cash between the two? Is there a web interface for it? How long does it take?

What you are advocating for would literally take away my livelihood, and presumably that of a lot of people on this board. And for what, just because of a perception (probably an incorrect one) that allowing "retards" with under 1M of capital to day trade is somehow creating risk for your own...

MM is commonly used on this forum to mean million. I was not assuming you meant billion. Have you ever sat down and asked yourself why any kind of trading is allowed? Why private property is allowed? This is capitalism baby! Who are you to tell me what I can buy or sell, or how fast I can do...

Don't try to compute all your accounting incrementally, it doesn't make sense because everything is a function of the underlying price which is continuously changing. When you execute a trade, the only thing that you need to account for is your number of shares and cost basis, and transaction...

1MM to day trade? Are you so rich and out of touch you don't realize how big a number that is? That's almost as absurd as saying let's raise the age of consent to 50. No thanks. :vomit:

Calling yourself a "co-founder" makes it sound like you already have some kind of operation or funding set up. Hopefully this is not the case because I predict this will not end well.

It's a good point that this is a risk to the HFT business. But it might not be as bad as you might think. In Europe some countries have FTT but market makers are exempt. Many HFT firms can probably get market maker exemptions.

Let's think about this for a minute. Why do you want to invest in an HFT firm, as opposed to any other kind of business? Is it because you know HFT firms make high returns with low risk? You know that investors in a company do not make the same return on capital as the company itself, right...

Ok, but how do you KNOW that you had bad fills? Have you checked your trades against tick data and seen that you are getting systematically disadvantaged compared to NBBO at the time of your order? Trading, especially intraday trading, is a meticulous business with razor thin margins. If you...

huh? what are you on about? The thread you linked is full of people talking about the high commissions. Search other threads and you will find hundreds more. Overwhelming evidence. Now read the archive link I posted from 2014. Are you saying their own website was lying about their commissions...