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Yes system wide issue, I have the same thing, contacted support and they're working on it.

It would be at the top of my worries as I would rather pay more tax on gains than not make any gains at all, a 0.40% round trip tax would force me to stop short term trading.

Guess that's a nice hedge they've got there, but they'll likely get full exemptions and us little guys will pay the price although I'm sure the big end of town would rather the little guy keep playing untaxed too since volumes will reduce if this goes through so their trading profits will be lower.

Agree to disagree, this is a forum for discussing trading tax related issues and that's what I'm doing here, highly doubt we on here have any material effect on a $300 Billion dollar a day market from discussing a potential tax amount.

I think you're right here with the balance in the House and Senate key to a strong opposition to a FTT, Biden and Harris can't get this done alone. Hopefully there's also a huge pushback from the exchanges/brokers/banks/hedge funds to block it or reduce it.

Not sure what you mean but yes US stocks are the most traded in the world, and not every other international stock market has a FTT.

You really think the market would sell off big based on some guys on ET discussing a 0.20% tax when it's an already known possibility?

Dangerous to who? As traders there's nothing dangerous to discuss potential amounts of a potential tax, other FTTs around the world are a similar amount.

He's on record supporting a financial transaction tax, also if he wins it's highly likely VP Harris takes over at some point since Biden is in cognitive decline and she's pushing a 0.20% tax on stocks which will effectively destroy all retail day/swing traders, and of course Wall Street and HFTs...

Thanks Def, appreciate the quick and detailed reply, you've always been consistent on ET over the years. I understand and respect your views on HK and why IB is staying there however I will stick to my views of keeping my own capital away from there, glad to hear my account is with IBLLC. Do...

Hey guys, I'm wondering what kind of exposure does IB have in Hong Kong? I know there's a IB office there and IB servers in HK, but I'm wondering are there any customer funds being held there? I'm a New Zealand resident with a IB company account and I'm concerned if the Chinese Government...

http://lmgtfy.com/?q=pair+trading+software

My issue is that I want to use pegged to midpoint orders which are native to ISLAND via a API on the cost plus pricing structure, however this doesn't seem possible with IB?

Looking forward to it, I only stated the truth so I'm not being a naysayer, it would be fair to the trader having a broker than wasn't bias to where you route and simply "brokered" your trade with a even commission across the board.

In regards to API trading, it seems that IB has priced their order execution structure to almost force everyone to use smart routing, which includes Timber Hill, their market making operation as a liquidity provider, for example, using their flat rate commission structure for US shares is $0.005...

regeasycleaner.com does everything you require and some

Yes, that's correct, and no I don't have any issues with it. I like the lower increment being there. My EA's naturally adjust.

Yeah, I got the same good service which comes as a nice surprise these days, actually spoke to an American there, said plenty of traders are moving offshore. Also forgot to mention they're regulated by MiFid the prominent Eurozone financial authority which not only provides a investor...

An EA sub forum would be ideal, hopefully Baron see's the potential here too as EA trading is the fastest growing segment of online trading, i'm sure he wouldn't have too many troubles finding a sponsor either. Glad to chime in, I've learnt a lot from these boards over the years so helping...

Thanks ES, yeah I understand your concern with sending big money abroad, but id think you'd be surprised at the level of capital requirements, reporting and compliance these brokers have to adhere too aswell, although I do have several different a/c's to quell my concerns, but at the end of the...