This is very disturbing news. I am an IB customer and I've been criticizing the software platform for some time now.
IB has great fees and a broad range of products and markets to trade and I have no idea why they cripple themselves with such a second rate trading application.
The only software application that I've used that I liked is CyberTrader. I've got about 20 charts open each with about 3 tabs and 7 different types of scanners running all in their application and it never misses a beat. Fairly small footprint and utilizes few resources (imagine doing that with the Java based TWS, lol). CyberTrader might have great programmers but their business model sucks. You have to open a separate account for Equities and futures, dumb.
Anyway, with TWS I've experienced windows missing controls or erratic behavior (mostly GUI based) on a regular basis. They need to drop Java and make a lean mean C++ version for PCs. By the end of the trading day my computer is so sluggish I'm not surprised their software has major bugs like this.
I hope IB owns up to this problem and either provides a good explanation or refunds your money.
My friends and I are following this closely and have no problems with leaving IB. One solution we have is to go small, basically not have much money deposited with any one firm. So we're thinking of joining a prop firm and putting up a small amount $2K-$5k and get large buying power 20:1 so that if there is a technical mistake or error then we'll only lose a small amount and the firm will eat the rest.
IB has great fees and a broad range of products and markets to trade and I have no idea why they cripple themselves with such a second rate trading application.
The only software application that I've used that I liked is CyberTrader. I've got about 20 charts open each with about 3 tabs and 7 different types of scanners running all in their application and it never misses a beat. Fairly small footprint and utilizes few resources (imagine doing that with the Java based TWS, lol). CyberTrader might have great programmers but their business model sucks. You have to open a separate account for Equities and futures, dumb.
Anyway, with TWS I've experienced windows missing controls or erratic behavior (mostly GUI based) on a regular basis. They need to drop Java and make a lean mean C++ version for PCs. By the end of the trading day my computer is so sluggish I'm not surprised their software has major bugs like this.
I hope IB owns up to this problem and either provides a good explanation or refunds your money.
My friends and I are following this closely and have no problems with leaving IB. One solution we have is to go small, basically not have much money deposited with any one firm. So we're thinking of joining a prop firm and putting up a small amount $2K-$5k and get large buying power 20:1 so that if there is a technical mistake or error then we'll only lose a small amount and the firm will eat the rest.
