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Actually IB's interest on short sale proceeds is pretty good, especially for USD. The problem is that interest rates are simply so low that any spread at all around fed funds, basically means zero rates. Everyone's credit rates are just above zero. If/when interest rates return to normal levels...

It seems to me that Mr Froscheiser and iQfeed would be better off spending their time designing an STP enterprise reporting solution rather than commenting on another firm's resource utilization choices. There seems to be some missing information in iQfeed's response to the IB customer. The...

It seems our communication is being over-interpreted. Clarification time: 1) NO ONE HAS BEEN CHARGED A SINGLE PENNY. The only clients who will be ever affected by our system load policy are those who refuse to improve their highly inefficient systems and continue to submit hundreds of...

Unfortunately, the definition of pro limits non-professional access to "Natural Persons". Here is a link with the NYSE declaration form. Look at the top of page 2, section2. http://www.igmarkets.de/content/files/exchange_agreement_nyse.pdf So an LLC account that has access to live data is a...

I read through the thread trying to gather all the comments, misunderstandings, genuine informational gaps, etc. As is often the case on long threads, there are a lot of posts based on poor/incomplete information and assumptions. Here is an attempt to clarify matters: (1) What caused the...

Time to address various misconceptions: (1) Last autumn, as markets collapsed and corporate bonds dropped rapidly in price and liquidity, IB made the INITIAL margin for corporate bonds 100%. The reasons were as follows: (a) with vanishing liquidty, the prices became unreliable. We saw cases...

I would guess you have an incomplete market data subscription set. In order to see the deep book for a US stock you would need to have most (or all) of the following market data subscriptions: (1) NYSE or NASDAQ top of book (level 1) (2) NYSE Open Book (for NYSE stocks) (3) ARCAbook (4)...

1. BUYINS Given the way our buyin process is designed, it should never be the case that the total shares bought in EXCEEDS the amount warned. The following are the only exceptions I can think of: a) we don't consider activity done within roughly 40 minutes of the notification: the reason is...

IB has zero liquidity issues, not even close. Our risk management systems are real time and uncompromising. If your account is deficient, we liquidate immediately. Period. It is a core part of our philosophy that we will not endanger one client by allowing others to take excessive risk. We...

Clarification Time: (1) most exchanges consider an order modification as a cancel-replace. You can see this by the fact that you lose time precedence on price modifications and in most cases, also on size modifications. The replace order is treated as a new order for whatever purpose, be it...

Record straightening time as, of course, there are omitted facts: December: compliance investigation into account leads IB to determine that the funding activity suggests activity/business that IB does not permit ( the funds are arriving from many different 3rd party locations). February...

Forgot the chart.

OK, here it finally is: Zzzap gave me the OK to present the results of my investigation here since there seems to have been a lot of interest in the discussion. I have attached an annotated order trail with ID data overwritten. The audit trail has real world info such as time points for various...

I know what happened. I have communicated to the Zzzap privately since the discussion involves things that he may consider private. For the rest of the audience:There was a bug It was extremely arcane and required a unlikely combination of events to be exposed. This made it very difficult...

As with any problem in any service situation, it is always better to escalate. The audience who appleauds about "suing" are misinformed because all disputes go to arbitration first and this takes months or more. And it totally misses the point which is to correct any problem. As long time...

Perhaps I chose imperfect examples. Look at VIX FUTURES in mid-August. Quotes were regularly as wide as 5-8% in many contracts, some even wider. Front month contracts moved 20% within the trading session. Liquidity was 10 contracts a side and the markets would spread even further until the...

Most brokers, most banks, most individuals blow out as much due to liquidity as to actual losses. Liquidity issues tend to be systemic, in other words the recent market gyrations were driven by liquidity concerns about the entire financial sector and the ability of the market to keep money...

if you have more than one account IN THE SAME ACCOUNT NAME, you can link these accounts to the same security device. Go to Account Management / User functions / Token sharing. We will probably allow certain special cases of device sharing even when the account ownership is different. For...

As many know, we are rolling out new security systems to all clients/accounts. In addition, we are bolstering the range of services that are protected by these new systems. During the rollout we have the uncomfortable situation that not all accounts are inside the security program in an...

Please feel free to Google to get the references. You will find the specific announcements by Etrade and Ameritrade (and Fidelity, Merrill, Schwab, Scottrade, etc) by looking for their press releases. The fault is not with the firms, by the way. These firms make the news because they are big...