Jim,Quote from jimrockford:
I think that what many ET members want is for IB to shift its priorities, so that not only the existing bells and whistles, but also the core functions, for example, optimal order routing and execution, will work correctly and reliably. IB instead neglects quality, and keeps adding more and more bells and whistles, even though so many of the old ones don't work or don't work reliably, and other far more important core problems are just ignored. The feature for excluding non-electronic quotes from SMART, for example, is not just another bell or whistle, it is critical for optimizing execution prices for electronically liquid, exchange-traded U.S. equities, yet it has never actually worked.
You sum it up rather well. A top heavy eyecandy TWS is certainly useless and by Murphy's law can only attract trouble.
Much more important is what goes on in IB's backyard in order to support all this non-essential -- read detrimental -- for trading hullabaloo. SIMPLICITY = RELIABILITY.
I have not looked at the new release yet as the stand alone version isn't out yet. I would love to see IB do some more effort on a no-nonsense JAVA FREE FIX solution. They did a lot of work on it already I think, but we badly need some worked out examples and let's hope we'll get some kind of a test or demo version. Going by the problems many people seem to be having with FIX at other places, except perhaps those big 100+ programmer outfits, a lot of business must be waiting for IB.
I must say though that IB must have been doing its uttermost recently to avoid those ugly interruptions and/or failures of a few months back. I am only talking about essentials here: no charting or backfill.
thats a good one.