LOL - if MarkBrown laid out 50K for fiber and he is manually trading when the average human can't react under 250ms then I guess it is true what they say about fools and money. If however, he has an algo, getting a direct feed may make a difference but that would be available via 3rd party at IB and many other firms. However even with a direct streaming feed and this 50K 2ms line, you'll still be back of the line in regards to the HFTs who are at the exchange and paying fortunes for microwave, high end servers, etc. What Mr. Brown is wrong about is that snapshot data is not delayed. It is real time and does the job considering it is faster than humans can digest.
Does IBKR do proprietary trading with own money?
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Ah, forget about it. This guy has no idea what he is talking about and just used some lingo to impress. I just felt compelled to enter the discussion because he had some mental breakdown and barked at IB. There are complaints re IB that are valid but his point was just a stupid one. What broke the camel's back was his stupid lie about his 50k line. Anyone who works in algorithmic trading can proximity locate for a fraction of the cost and be way faster. Even coloration is realizable at such price point. Just take a look at his past posts when he talks programming. This guy is one of the biggest posers on this website.
Try building advanced bars (range, tick, volume) from snapshot data. Won't ever be correct. Just as volume profile won't.
That's a different topic and not related.
But to your point, yes you can always build lower frequency bars from higher frequency ones. Missing ticks will impact the lower frequency bars minimally but not in major ways. Depends exactly what you need those bars for.
But to your point, yes you can always build lower frequency bars from higher frequency ones. Missing ticks will impact the lower frequency bars minimally but not in major ways. Depends exactly what you need those bars for.
Hi mark
I believe they do trade against their own customers with their computers programmed to delay/match buy and sell orders and take the spread off both sides (in ES and MES). "Internalization". IB help desk denies this - but I know from IB that they:
1. do not use the datafeed they provide to customers when customers complain on fills
2. take it on themselves to delete your message log with them -so you can't get old messages to show what they said.
I have found they harass customers who object.
IB's reply in this thread of "safety" by quoting their assets, is no consolation. MF Global had all the same assurances. The law didn't stop Corzine. If IB wants to assure us STOP ALL propriety trading. Don't give us "client-facing" garbage.
When CLOs and derivatives implode it is in the trillions.
Corzine was playing in default insurance of European debt. They were the largest company at the time. The big clients were told of the what was happening and the little guy was screwed and had money taken from their segregated accounts over the weekend - to wake up to the bad news.
(rehypothecate this fine print liars!)
No doubt Corzine's gambling and covering with client's money was in non "client -facing" accounts as well.
-------------------------------
"Rehypothecation is a practice whereby banks and brokers use, for their own purposes, assets that have been posted as collateral by their clients."
https://www.investopedia.com/terms/r/rehypothecation.asp
When CLOs and derivatives implode it is in the trillions.
Corzine was playing in default insurance of European debt. They were the largest company at the time. The big clients were told of the what was happening and the little guy was screwed and had money taken from their segregated accounts over the weekend - to wake up to the bad news.
(rehypothecate this fine print liars!)
No doubt Corzine's gambling and covering with client's money was in non "client -facing" accounts as well.
-------------------------------
"Rehypothecation is a practice whereby banks and brokers use, for their own purposes, assets that have been posted as collateral by their clients."
https://www.investopedia.com/terms/r/rehypothecation.asp
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That is nonsense. They have sold their proprietary trading desk a long time ago. Nobody at IB trades against customer flow and they don't sell order flow unless you run their lowest tier account with "free" trades. Even then they may internalize the data. But they don't have any prop desk.
They don't do prop trading. Show proof to the contrary otherwise you are exposed as a liar.
um. who cares. you are either on the right side of the mkt or the wrong side. it doesnt matter if they trade against you....does it? if yes why?
again is your stop 1 tick 2 ticks. ibkr trade desk prop even if they had 1 is not the mkt. its a fragment a small sliver..if even trading against you...who cares be right they cant fight the entire mkt.
again is your stop 1 tick 2 ticks. ibkr trade desk prop even if they had 1 is not the mkt. its a fragment a small sliver..if even trading against you...who cares be right they cant fight the entire mkt.
understand how this works @aquarian1 explained it very well how this works when you trade a lot you start to catch on and so do the firms.
I believe they do trade against their own customers with their computers programmed to delay/match buy and sell orders and take the spread off both sides (in ES and MES). "Internalization".