IB: About market data fees for non-US stock market

Quote from Benign:

What feature polls?
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Features Poll. Go to the IB web site and click on Features Poll tab. IB created this feature for it's customers and it's really unique because a customer can submit his ideas directly to IB Management.

You problem is an unwanted pop up window and you can suggest your own solution of this problem by submitting your idea via Features Poll on the IB website. And try to be more positive and patient.

Peace
 
in account management there is option to subscribe for voting pool. also-you can contact to IB here, on ET. DAV,IBsoft,kostia00,IB Salvatore,IBj
 
Benign,
Post the request on the features poll to allow the user to disable the pop-up window.

I'm not sure why every thread on IB seems to be a rampant conspiracy theory. We don't make money on market data. Take a look at the some of the exchanges earnings and you will see how much exchanges such as HK and Australia make in data fees.

Data fees that we collect are passed on to the exchanges. In fact for the exchanges that you get data for free, it is usually because we have campaigned to the exchange on your behalf so that you don't have to pay the data fees. We'd actually prefer that all data was free, so it would encourage clients to subscribe and trade those products.

Here's a test.... call up the exchange and say you are a broker-dealer and want to distribute their data. Then please report back the distribution costs that they want to charge you.. add in the per user costs, and then don't forget the line costs, and then there's the testing costs, and redundancy costs, etc, etc. Take all this into account, and we probably subsidise the data costs on most exchanges that we offer.
 
Quote from Benign:

Well, you shouldn't need to read 3 pages to find the answer. The answer is in the very first post. I stated the reason in the last paragraph, that is:

"[I want to subscribe to third party datafeed only] However the bad thing is IB forces you to subscribe expensive market data if you still want to trade on that market via IB. I say " IB forces you" because it pops up a warning every time you place or change an order, telling you to subscribe market data first before you should trade. The popup annoyance will make you impossible to trade. That's why I said "IB forces you to subscribe its expensive market data", probably to their own benefits."

As you said, IB is not a data vendor. It is a brokerage. That's why its data quality and the plan isn't good. I don't like IB datafeed but I have to use it if I still want to trade at IB.

Ask for clarification if you still have questions.
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I'll even save you the time by posting some additional info and link to confirm steve's post.

HK Exchange
http://www.hkex.com.hk/vendor/chargesch/rules.htm
we pay 96,000 HKD per quarter + data lines and port fees and eat that charge.

the subscriber pays $200 HKD per month. We charge that and pass that to the exchange. If someone is charging less, they are either taking a loss or not reporting all info to the exchange.
 
boy are you niave.

they maket lots of money on data fees and commissions.

remember they are just a 'broker'

i don't know any retail broker charing level 1 which is just a quote or a data fee just to trade a stock.

IB is also famouse for using ALGORITHMS in there market making business to trade against their own traders..these algorightms are robots are automated machines. they know if you have a long or short position and know your stops...yeah they spy on their clients.


Quote from cvds16:

You don't know what you are talking about: IB doesn't make money from the subscriptions. It's the exchanges that charge these fees.
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there charts suck on purpose. so you can't trade properly.

futures and options market makers are known to sleazebags in the trading industry and IB is the number one futures and options brokers... i don't trust there management or even the founder and their customer service is paid minimum wage offering bad service which bad to your account and don't have clue what they are doing and don't care.


Quote from vectors101:

boy are you niave.

they maket lots of money on data fees and commissions.

remember they are just a 'broker'

i don't know any retail broker charing level 1 which is just a quote or a data fee just to trade a stock.

IB is also famouse for using ALGORITHMS in there market making business to trade against their own traders..these algorightms are robots are automated machines. they know if you have a long or short position and know your stops...yeah they spy on their clients.
More...
 
Quote from vectors101:

boy are you niave.

they maket lots of money on data fees and commissions.

remember they are just a 'broker'

i don't know any retail broker charing level 1 which is just a quote or a data fee just to trade a stock.

IB is also famouse for using ALGORITHMS in there market making business to trade against their own traders..these algorightms are robots are automated machines. they know if you have a long or short position and know your stops...yeah they spy on their clients.
More...
if you think you are so clever (paranoid is the word that comes to mind) learn the difference between their and there.
 
whatever,,,,,

i don't trust you so fuck you!

Quote from cvds16:

if you think you are so clever (paranoid is the word that comes to mind) learn the difference between their and there.
More...
 
To say that the fees for the German quotes are expensive is laughable. If you are a customer of a well known German broker, it will cost you at least 29 or 49 euros (depending of your activity). A third party German quotes provider like the BIS AG would charge you at least 118 euros + exchange fees.
So how much could IB make on the German bundle fees? Hmmm... like 1 cent?
 
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