IB and Patsystems

patsystem is the software. IB use its own software. Patsystem is available at several brokers.
I have tried a simulated mode of patsystems. It seems complete. But you know what ? despite all the comments about IB's interface [not all justified imho] I like IB's direct approach better.

However, I must say that I understand more IB's interface and ways since I trade almost only futures. IB does this well. I had more complaints when I was trading stocks. Anyway, there are many threads with pros and cons on the subject in this forum.

if you want to trade futures I can't see how you would not love IB. if you trade NYSE I think you gonna like it too. If you trade Nasdaq, pros and cons are more balanced.
neo
 
I want to trade the e-minis.I need to be able to get in and out fast.I would rather concentrate on the charts,instead
of filling out a trade order.Is IB as fast as Patsystem
seems to be? thanks
 
>I thought Patsystems was a trading
>system?How do they compete with IB?

The same way Realtick competes with say, Cybertrader.

JB
 
I can't really compare since I used only IB. I can share my experience though.
It is really fast. 1 or 2 seconds for fills. cancels very and order changes fast too. stop orders very good too.
hotkeys make orders, size and price selection very fast.
 
>Is IB as fast as Patsystem
>seems to be? thanks

Don't know how fast Patsystems seem to be.

I get my IB fills in an average of less than one second.

JB
 
I have access to and use both. Pat has a number of features that IB's platform does not. If your interests are strictly the ES or NQ, though, then IB will get the job done.
 
RE: Fast fills at IB...

That's incredible! Are you talking about listed securities here? If so, I really have to review my trading because over on the NYSE, I'm *not* getting fills anywhere that fast. Or are you talking about Island and the other ECN's?
Jim
 
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