IB - Booktrader 906 no more single click!

Quote from jfilla:

IB recently got sued by TT over the DOM, along with Cunningham. It's not like they just sat around and said, "Hey let's make the DOM suck with confirmations".

The two key components of TT's patent are the static price ladder and single click entry, hence, the auto recentering feature and the new confirmations...

Until the settle with TT, better stick with a previous TWS if you want to use BookTrader.
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TT are money-losing gimps whose software is about 10 years out of date, and their patent is the most ridiculous patent ever. IB should just rape them in court for years and bankrupt them, or lobby in Washington to get this insane patent busted. They are not a tiny piker firm that has to roll over, they should fight this tooth and nail.

This is yet another example of why the patent laws are immoral and should be removed.
 
Quote from jfilla:


Until the settle with TT, better stick with a previous TWS if you want to use BookTrader.
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Be the TT story the reason or not, until a better solution is found, we should all ask that IB at least keep a pre-906 version available for longer than old versions are usually kept available.
 
Quote from atrocious:

IB, please, please reconsider, this is asinine. If this is for liability reasons, make customers sign a waiver.

I do thousands in commissions every month, 95% of which is single click scalping on Booktrader, and will be forced to take my business elsewhere if this is imposed.

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TWS 906 "features":

BookTrader Order Confirmation

BookTrader users will now be required to confirm their intentions before transmitting an order. Clicking in the Ask or Bid size columns will no longer result instantaneous transmission but instead will invoke the new Order Confirmation box with your order summary. Click Transmit to send the order, Cancel to cancel the order, or Open Order Ticket to make changes.
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That makes BookTrader useless. Bad move IB.

OldTrader
 
IB should post a template code to Booktrader to their customers, so we can customize it to our liking without IB violating TT patents.
 
Quote from jfilla:

Sucks as it may, it's the reality. You can read all about it on this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=36783

The patent expires in 2016.
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Lol, so TT will be broke in 5 1/2 years then.

Anyone else noticed that all this patent has done is inhibit free competition, reduce the quality of TT and competitor software products (no one else will spend big $$$ to develop a good front-end, for fear of being sued; TT won't develop a good one, due to lack of competition), and shaft the majority of traders who were happy before the patent was granted?

I thought patent law was supposed to help innovation. All this has done is allow someone to use slick lawyering to create a monopoly through no innovation whatsoever (DOM is just a spreadsheet and was in existence on other trading apps way before TT existed). Customers shafted, competition shafted, even TT are shafted because they have grown fat and lazy without having to innovate.

Whoever granted this patent, whoever lawyered on it, and the guys who applied for it, need to be roasted on a hot iron poker outside the CME exchange building until their entrails turn into mush. Typical government law - pretend to be pro-market whilst promoting protectionism and corporatism.
 
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