Their webtrader app. is never meant to be used as the main working software; it's meant to be used like a back-up when you cannot use their main platform TWS for some reason like you are having a power outage or your computer broke down and you need to use another alternative computer where you cannot install TWS and you want to use a bigger screen than your cellphone. So its webtrader does not have all the features and functionalities; it just has the basic skeleton facility that allows you to monitor your trades and the market and do a quick buy/sell should you need to and that's it. At least that's how I understood how it's supposed to be used. I stand to be corrected.
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IB changing the Quote subscription
- Thread starter SoesWasBetter
- Start date
Their webtrader app. is never meant to be used as the main working software; it's meant to be used like a back-up when you cannot use their main platform TWS for some reason like you are having a power outage or your computer broke down and you need to use another alternative computer where you cannot install TWS and you want to use a bigger screen than your cellphone. So its webtrader does not have all the features and functionalities; it just has the basic skeleton facility that allows you to monitor your trades and the market and do a quick buy/sell should you need to and that's it. At least that's how I understood how it's supposed to be used. I stand to be corrected.
Hi guys,
in summary, if I want streaming quotes for equities traded on most US exchanges, do I select
US Value Bundle?
I don't see a way to select and pay the $4.50? Is it already part of the US Securities Snapshot and Futures Value Bundle
Thanks!
in summary, if I want streaming quotes for equities traded on most US exchanges, do I select
- US Securities Snapshot and Futures Value Bundle
- US Value Bundle
US Value Bundle?
I don't see a way to select and pay the $4.50? Is it already part of the US Securities Snapshot and Futures Value Bundle
Thanks!
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.
And it's not that people are complaining about IB's fees per se it's just that with IB, they always operate like a F2P game. Everything is cheap but you get just the basic bare bone, just enough to buy and sell and that's it. Tiny little bit extra, you have to pay. Yes everything starts off cheap but it's constantly increasing the fees. Just when you are getting comfortable about the charges, it's going up and you have to scramble to find the cheaper alternative. You can't just set it and forget it, pay one fee and that's it and it stays the same forever so you can concentrate on trading which is what we sign up with IB for in the first place. It's the surprise factor about the fee increase and the constant scrambling afterwards that is annoying a bit.
Where did you see increasing fees? I have traded a few discretionary accounts with them for well over a decade and other than cost that exchanges mandate and are passed through by IB nothing whatsoever changed. Their 10 collar bundle has been in place for many years. Had inflation been zero percent over the past 5 or 10 years? Would be glad if you could point out where IB itself has raised fees that directly feed into their profit coffers. I have not recognized any to be honest.
And it's not that people are complaining about IB's fees per se it's just that with IB, they always operate like a F2P game. Everything is cheap but you get just the basic bare bone, just enough to buy and sell and that's it. Tiny little bit extra, you have to pay. Yes everything starts off cheap but it's constantly increasing the fees. Just when you are getting comfortable about the charges, it's going up and you have to scramble to find the cheaper alternative. You can't just set it and forget it, pay one fee and that's it and it stays the same forever so you can concentrate on trading which is what we sign up with IB for in the first place. It's the surprise factor about the fee increase and the constant scrambling afterwards that is annoying a bit.
Hi guys,
in summary, if I want streaming quotes for equities traded on most US exchanges, do I select
or just
- US Securities Snapshot and Futures Value Bundle
- US Value Bundle
US Value Bundle?
I don't see a way to select and pay the $4.50? Is it already part of the US Securities Snapshot and Futures Value Bundle
Thanks!
The "$4.50" we're talking about is NYSE listing ($1.50) + NASDAQ listings ($1.50) + AMEX listings ($1.50).
US Securities Snapshot Bundle is not streaming, it's an update-on-demand service.
US Value Bundle is what is going away; they are no longer legally able to offer it.
The "$4.50" we're talking about is NYSE listing ($1.50) + NASDAQ listings ($1.50) + AMEX listings ($1.50).
US Securities Snapshot Bundle is not streaming, it's an update-on-demand service.
US Value Bundle is what is going away; they are no longer legally able to offer it.
So in order to receive streaming quotes, how much do traders have to pay now? The Snapshot bundle + $1.50 for each exchanges? What about OPRA? Is that still staying the same? And if you just trade options, can you still just get OPRA?
You don't need the snapshot bundle if you don't want snapshots. You just pay the $1.50 for each tape (NOT each exchange, each tape).So in order to receive streaming quotes, how much do traders have to pay now? The Snapshot bundle + $1.50 for each exchanges? What about OPRA? Is that still staying the same? And if you just trade options, can you still just get OPRA?
Given that the announcement didn't include OPRA, I'm going to assume that OPRA is unchanged.
You don't need the snapshot bundle if you don't want snapshots. You just pay the $1.50 for each tape (NOT each exchange, each tape).
Given that the announcement didn't include OPRA, I'm going to assume that OPRA is unchanged.
Ok thanks for the clarification. The way I see it, the tape which I assume would be live streaming quotes would be lot better than on-demand update which you would have to constantly click just to get a new price whereas with the live streaming quote, you get the new price automatically as soon as it's available. So the two is kinda redundant. If I do get the live streaming quotes, I wouldn't need the snapshot no?