IB changing the Quote subscription

sprstpd said:
So if I want streaming quotes like before, do I even need to select US Securities Snapshot and Futures Value Bundle? The wording on this announcement could have been slightly clearer.
More...

If you are only trading stocks/etfs, then I believe that subscribing to the NYSE/NASDAQ/AMEX feeds will get you the live streaming quotes.

I think the reason you might want the "US Securities Snapshot and Futures Value Bundle" is if you want the quotes on some of the futures contracts that are included in that bundle. (It sounds like the quotes for those futures contracts will still be "free" in the bundle, as long as you hit $30 in monthly commissions.)

If you don't look at quotes for futures, then the "bundle" doesn't seem necessary.
 
JSOP said:
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.
More...

That's exactly what I am looking for. I only want to pay for what I use. Wish everything was a la carte. They don't even require you to subscribe to any quote feed in order to trade. Google and yahoo have real time quotes and IB's option quote package is only 1.50 / month last time I checked (not sure since I always get reimbursed for my quote fees). In any case, maybe IB just isn't for you. If you feel that you have identified a service / need that is not being met by the market...consider opening your own online brokerage.
 
Which of the level 2 subscriptions do we need to get the full picture of the order book for us equities? Seems like there is NASDAQ Totalview, NYSE ARCA, and NYSE Openbook.

Do i need all three?
 
_eug_ said:
Which of the level 2 subscriptions do we need to get the full picture of the order book for us equities? Seems like there is NASDAQ Totalview, NYSE ARCA, and NYSE Openbook.

Do i need all three?
More...
Use their market data assistant tool they link from the market data page.
 
I tried that tool but I didn't find it helpful. I'll just let the vulnerable subscriptions get canceled and figure it out tomorrow morning.
 
traider said:
If I'm running automated strategies, do I need to recode them to ask for snapshot? Or the solution is to subscribe for Tape data?
More...

Uh, even if that was possible, no strat would survive very long on that stale data.

Just subscribe to the three main exchanges for 1.50 each and you SHOULD be ok.
 
You must log in or register to reply here.
Back
Top