Search results

  1. M

    'Forex P/L Details' statement doubt - Proceeds in GBP on a sale of US stock

    That's how I was understanding it at first, however, looking at the complete report interactive brokers added the small loss on the trade and the -232.57 GBP as a loss so that the total equity decreased with that trade due to the FX movement. I've got 2 doubts: 1- How could the broker be...
  2. M

    'Forex P/L Details' statement doubt - Proceeds in GBP on a sale of US stock

    Hi guys, I've been talking for several months with my accountant and Interactive Brokers about a big mismatch in some tax reports and having a further look this weekend I've found the figures that are causing this problem. Wondering if any of you could have a clue about how Interactive Broker...
  3. M

    Any idea how to hedge GBP.USD with Interactive Brokers (IB) without borrowing USD?

    Yes, I've been using a single account for 4 years and that was fine. But now I've opened the one that the UK government supports to make investments and that one has a few rules, one of them being that it has to be a GBP account and all international purchases have to be converted to the new...
  4. M

    Any idea how to hedge GBP.USD with Interactive Brokers (IB) without borrowing USD?

    I was trying to work out what happened in that area myself just now. I think it might have increased, but I initially thought it didn't as I didn't noticed the change in the GBP currency row whilst I was checking the 'FX Portfolio - Virtual FX Position' area. What I meant by 'not touched' was...
  5. M

    Any idea how to hedge GBP.USD with Interactive Brokers (IB) without borrowing USD?

    Yes, I'm using IB as well and that part is covered. I've started using the other one because is the one that the UK goverment offers as a way of future pension, where you don't pay tax on gains, etc... so I wanted to take advantage of that as well.
  6. M

    Any idea how to hedge GBP.USD with Interactive Brokers (IB) without borrowing USD?

    The investment of US stocks was done outside IB, in a broker which doesn't allow any kind of borrowing, they get the 10K GBP funds, convert it in ~13K USD and buy US stocks with that, so in IB I wanted to hedge that exposure. At the moment, I bought GBP.USD in IB but my GBP funds were not...
  7. M

    Any idea how to hedge GBP.USD with Interactive Brokers (IB) without borrowing USD?

    Hi, I've got 2 investing accounts in GBP in UK, one with IB and another outside. The one outside just allows you to keep the funds in GBP (although you can invest in US stocks) so I wanted for example to invest 10K GBP in US stocks from the first account (which will just get that amount...
  8. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    Do you know a good resource, book, article about this area by any chance? I'm working full time so that I cannot fully check the stock market at the open, etc... but even if I could, sometimes I've got ~10 stocks and 2 or 3 positions in each, so I would have to somehow monitor, track and...
  9. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    This was back in 2016 when I was starting, end of June. I had a stop at 8% but the sell price was 10.72% below. Checking the chart now I think ~1% might have been due to a gap down but the other 1.72% seems to have been slippage. I'm mainly trying to understand these slippages more as I was...
  10. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    This has happened with much larger stocks and plenty of liquidity, hence that I think it's something else. Either which I'm not doing correctly or that IB is handling in a way which I don't fully understand. Eg: * AVGO, ~66B market cap, 3M daily volume => slippage 2.72% * JD, 139B market cap...
  11. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    Could this issue with the slippages I am experiencing be related to the following? I was assuming that when my Stop order was triggered IB would send it as a market order and that's it. But now I read about this: https://www.interactivebrokers.co.uk/en/?f=/en/trading/simulated-market-orders.php
  12. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    Thanks so much for having had a look at those details... Do you know any good retail broker with a good infrastructure for executions? I'm mainly trading US stocks, scaling in and out, so I was with IB mainly due to their low commissions and because I could borrow the US funds rather than...
  13. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    Sorry, I didn't understand this part. What was not a good idea? And do you know what were the bid prices for those spreads you mention?
  14. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    That's what I'm not fully understanding at the moment. Supposing those were sell orders rather than buys, what you mentioned, if they sent 5K at $13.41 and there were loads of bids around that price, I would expect a filled price around that quote but if I got a fill at $13.15 instead, I'd like...
  15. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    I think it might have been some kind of 'speed' problem as well. Do you know if 'EDGEA' is the same as EDGX? Or which one of this option would be the best one for STOPs? Ideally, what you mention, I'd prefer if they were went to an ECN directly...
  16. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    Sorry again, I made a typo whilst trying to clarify it above, amended. I was a standard Stop order (what I understand as a Stop-Market order), just configured with the stop price of 18.47 And at the time 14:31:25 the *best* bids I can see were all the ones right next to the one that triggered...
  17. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    Sorry, that's UK time 14:31:25 here = 09:31:25 in the US
  18. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    It was configured as a Stop order (ie, Stop-Market) at 18.47, with Smart routing (which is their default). As there were large blocks all the way from 18.45 to 18.30 I was expecting the now Market order to have been matched with those and around those prices? I've been told that the order was...
  19. M

    Trying to understand slippage: 1.6% with Interactive Brokers.

    It's not the 1st time that it's happened so wondering if I'm not understanding something or sending my orders in the wrong way as I'm suffering quite large slippages so I'd like to see if you guys can think why this could be. Last time was with QNST, where on Thursday 7th I had a Stop Loss...
  20. M

    Why stock options are not popular in the UK? & options broker accepting UK resident?

    Do you know if you can trade US equity options and basic strategies like married puts with a US stocks with them as well?
Back
Top