IB changing the Quote subscription

Surgo said:
Maybe you're able to negotiate lower commissions or something, but TD Ameritrade on their website advertises $10/trade. OptionsHouse is indeed $4.95, which happens to be 4.95 times what I normally pay per trade on Interactive Brokers.
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In this case you should be sensitive to the IB's raising their fees.
 
gkishot said:
In this case you should be sensitive to the IB's raising their fees.
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If you read my very first post in the thread, you'd see I thought quite a bit about it. Not sure how I could be "sensitive" otherwise.
 
Surgo said:
If you read my very first post in the thread, you'd see I thought quite a bit about it. Not sure how I could be "sensitive" otherwise.
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Let me rephrase this: people who are w/ IB for their low transaction cost should be sensitive to the IB's raising their fees somewhere else.
 
soulfire said:
Do you work for IB? Why are you defending their rates and rate increases?

So because they charged just $10 prior, we should be "grateful" and not complain about a 45% price increase and just shut up about it?

My point still stands- the other brokerages have not announced price increases, and the changes they made do NOT warrant or justify a 45% increase. I would have rather have them say there were just raising rates, period, instead of hiding it behind "regulatory issues".

I use IB for futures streaming data- I can get AMEX, NYSE, and NASDAQ streaming RT data from other brokerages at no additional cost, which I will.
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Zzzz1 - You didn't answer his question. Do you work for IB?

I also asked you this in another thread and you didn't answer me. If you work there you should fully disclose that.
 
I wonder why they would call it NBBO when it's not including all exchanges but only 3 of them. I am highly confused what the regulator calls and how it defines NBBO, or shall I say it seems the regulator is confused? How can something be considered the best bid offer when there might be better bids or offers out there?

Surgo said:
The "old state" was a BATS only data feed. You can't go back to that. It's not allowed by the regulators anymore.

If you buy the $4.50 feed (which consists of 3 packages -- NYSE listed quotes, NASDAQ listed quotes, and AMEX listed quotes), you'll get a NBBO from all exchanges. That's a superset of what you had before, which was an NBBO from BATS exchanges.
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No I don't work at or with or for IB and never have.

Chubbly said:
Zzzz1 - You didn't answer his question. Do you work for IB?

I also asked you this in another thread and you didn't answer me. If you work there you should fully disclose that.
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Well if people just care about the BATS feed the most, why don't you just pay $1.50 per month to the bundle and subscribe to NASDAQ only?

And for options, do you guys notice that sometimes IB just doesn't display all the quotes for a particular strike level and then all of sudden all the bids and asks would come back for that strike? Is that IB being slow in displaying the quotes or everybody just stopped quoting for those strike levels?
 
Zzzz1 said:
I wonder why they would call it NBBO when it's not including all exchanges but only 3 of them. I am highly confused what the regulator calls and how it defines NBBO, or shall I say it seems the regulator is confused? How can something be considered the best bid offer when there might be better bids or offers out there?
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Yeah sorry I was using IB's rather incorrect (as you pointed out) terminology of "alternate NBBO". In reality it's just the best bid/offer from the BATS exchanges.
 
I can't complain about IB's fees. I think they are very reasonable compared to the rest of the industry and no I don't work at IB. Never understood why some pay over $7-10 per trade at ETrade or TD Ameritrade. Although IB's web application kinda sucks. I have a very small TD Ameritrade account just so that I can use their mobile app and think or swim for quotes.
 
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