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Thank you for the PMs and replies above.

This is what I am asking - if you enter it into a spreadsheet on face value there are 100 brokers cheaper than IB - but there is fine print in those that is not clear - hence my post.

Thanks for the replies: * MKT orders = always removing liquidity (no rebates) * With MKT orders you're pretty much same as cost plus (as far as I've modelled) but flat is predictable and easier to model/track * $40 commissions * 30 trades = $1200 per day in commissions, $1200 / $0.01...

Hi, I am currently investigating our commissions management structure and coming up with a bit of :confused: Current situation: trading average 40 positions a day, clocking up on average of $30 per trade (both ways) using IB, flat rate and SMART routing (via API) Having read other...

Thank you for taking the time to reply! I was thinking it's somewhere between 5 and 10 % To answer ur question without innuendoes, I personally cannot reach those limits... But people I work for can.. So this is a legitimate issue. Thanks again

If I tell you that yes I can trade that size you probably won't believe me :D It's more to do with an error in my system backtest. On a few rare occasions it goes and trades a massive lot on one stock... like 40% of the daily volume of an S&P500 constituent. So a "blue chip" style stock...

Thank you, yes Float is more accurate of what I am after... so I can make the question more pointed: what % of the float will move the price? :)

Hi I've been reading a few books on historical instances of people cornering the market... So got me curious... What kind of trade size as a % of daily volume would move the stock price in the direction of the trade... I read somewhere that it's 5% of daily volume but that was someone's...

Thank you for the replies! I appreciate it :) I will stick to MKT orders, it's not worth cutting the commission while cutting profits ;)

Hi, I currently execute all orders as MKT orders (I care more about timing than price) on fairly short holding periods (count in mins/hours). I've been reading about rebates by adding liquidity via someone like BATS but am struggling to really understand how I could change my orders to...

Hi, I have been asked to put together a nice professional presentation on my trading performance for the last 2.5 years which I kept in the most basic of Excel files - just in/out tracking P&L. I need to create something that looks like one of the Hedge Fund reports (example...

Thank you very much for the reply! :) BATS PITCH data has a long list of Add orders and then a load of Cancel orders too... 30-40 million records per day... and actual EXECUTED trades are intermittent in those. So lines go like this: Add Order Add Order Cancel Order Add Order...

Hi, This may be a really noob question, but I am having a bit of trouble figuring out how to code a script to convert a full order book (from BATS trading PITCH data set) to a traditional 1 minute OHLC/V data set... has anyone come across this? thank you in advance! Igor

Thank you for the reply. Yes I am aware that it's only ASX CFDs, which is OK with me. I have a couple of index trading systems that I want to trade via CFDs (my other systems are equities only... for now :) ASX CFDs for indecies would be fine for now..

Hi folks, anyone here know if it is possible to trade CFDs via IB API? I've been searching for a week for posts and threads and docco... and haven't come with much. Many thanks in advance Iggy

Thanks again for the replies! This is very interesting, I will look more into this. I need to read up on FIX a bit more as I am not familiar with it, although I have seen it mentioned previously. I have optimised my code to run down the execution of orders form 8 minutes to 2 minutes, so...

I agree. The problem is not in the OrderIDs as such... it's in placing orders. For each equity I am interested in, I place a 4 order bracket order. Entry, SL, EOD liquidation and a Trail with trigger. I do that for up to 400 equities. The problem is if I do it any quicker than having a 400ms...

rosy2: IB generates the first ID as an event for Connect() method. To say that that is silly is an understatement :) So I get that ID, and then iterate it in my code until I disconnect. I definitely am hitting the message limit even with threads. I am currently looking at Saxo bank as the...

Hi folks, Firstly thank you to everyone who posts on here... I found a hell of a lot of great info for my black box which I finished last night after 3 weeks of all-nighters :) I have a question that I havent been able to find a solid enough answer for, so I am hoping you guys can help...

Thanks guys! By the way, "The Smartest Guys In The Room" is also one I'd like to add as a great documentary - slightly off topic, but has highlights brilliance (gone wrong!!!) and market (greed) economics.