IB Chronic Data Feed Issue

Quote from makloda:

The data feed does not matter as much as trades get executed at the exchange, not at eSignal or IBs data feed farms. IB doesn't "decide" at what price your trades get executed at.

" actually they do if they are sending your trade on smart. I have been part filled on a few hundred shares or futures contracts which does cost me money as I only use smart so why do they send it or split it." Are you saying we always get the best or current Bid Ask price. I personally find it very hard to be passive on the Bid or Ask. I am not a high volume trader but I do enough to let me know otherwise. As I said my brother is getting the chance to enter and exit at the same time at a better price."

I know many people with million dollar accounts at IB and trust me, noone is concerned they're not getting fast enough or unfair execution. "IB working against me" is a ridiculous claim. Just makes you look stupid.

"actually the fact I do not have a seven digit account does not mean I do not know traders that do at IB. I know of several who have had many complaints with IB and there account range is in the 2-5 million range. IB is great if you are trading options and not doing a lot of trading covering and rewritting. Overall they offer a great range of products. However it is their current ongoing bugs or the recent tws receiving current slow bid ask on futures." I am not complaining as much as I am stating a point."

If you find IB not to be a good broker for you just select another one. There are dozens of good brokers out there. Just go through them until you're happy. It's not a rocket science.
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"actually I said that, I stated I now use IB as my back up and now do very little trading their." and you are correct I am happier. You will also notice I did not recommend any broker or state where I do most of my day trading.
 
Quote from kiwi_trader:

Yet another thread is hijacked by people who are either:
- paid to slag ib
- ib haters
- a little bit stupid

Its amazing the combination of repeated errors (by he who claims to be a girl) and even the last poster. I'd call them twats but I can't be bothered today.


PS. A little bit stupid is rather kind.
PPS. Why do I bother ... but ... its not free, its part of what one pays for with ones commissions. But it is the vendors decision as to what the customer needs vs what can be provided within that cost structure. For many styles of trading (mine for one) the data is perfect. The unprofessional label is in the twat category :)
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Hi Kiwi, I am not an IB hater, just trying to help out or give a heads up too traders as I appreciate receiving it from them. Is that not what ET is about? Why is it anytime anyone says anything that people like you do not agree with they are stupid or a twat. I'm sorry you are such an unhappy person.

Perhaps if I and others sound similiar in our posts it is because the problems being incurred are real. I don't see how my posts are offensive because I am stating a present trade problem.

You are right " I am not a girl, I am a full grown woman".
 
Quote from Hoi:

Hi OldTrader (good you are posting again).

I can add some more info if you like.

IB's MarketDepth-feed is from the very start (summer 2003, or was it 2002?) wrongly designed and implemented (I know this, as at that time I have deciphered the protocol to the bit and bytes). It is built to transport extremely fast, only the changes in the Depth-book, but thereby lacks (and that is the design problem) a "verify-completion-correction-recover" protocol.
Until IB redesigns the whole MarketDepth transport protocol (inclusive error-recovery) we will see the problems stated in this Thread (and many other ET-threads and Forums).

Problems will show like the screenshot in this thread: the levels on both sides out-of-sync. Or it will show by wrongly sorted price-rows in one or both levels. Or there will be Gaps and standing still. This will be in the TWS-market-depth window, as well in the BookTrader, as well in all API-programs, simply because they all depend on the very same transport-protocol.

Hoi (designer of ButtonTrader).
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Hello Hoi:

Thanks for the informed post.

I had no idea this had been an ongoing problem...although now that you mention it I do recall that years ago I used to use the market depth window, prior to the BookTrader. Later, the BookTrader came out, so I used both the BookTrader and the market depth window since I liked the data presentation better.

I started having the problem....again, it's been years ago when the BookTrader first started, when ever that was. I do recall calling IB, who told me to close out both market depth window and BookTrader, reopen BookTrader, then reopen market depth. That would seem to clear up the problem. However, you had to open the market depth window and the BookTrader up fresh each session.

Anyone, somewhere along the line it quit happening until fairly recently. But that's why I started closing out BookTrader and reopening.

I would definitely hope that IB would address the problem.

OldTrader
 
Thanks Hoi,

Always good to see your information.

So the answer for now seems to be "if you want solid market depth info to go with IB trading you're going to have to pay for it separately."
 
Quote from kiwi_trader:

Thanks Hoi,

Always good to see your information.

So the answer for now seems to be "if you want solid market depth info to go with IB trading you're going to have to pay for it separately."
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First, I hope IB will address this situation.

But actually if you asked me if I'm getting "solid market depth", I would say I am. But, as I've outlined in other posts here, I have to make sure that I open BookTrader as a fresh open each TWS session, rather than leaving it open when I close TWS, and then just opening TWS (which should then open all the open pages, to include BookTrader).

Maybe I'm just lucky.

OldTrader
 
Quote from OldTrader:

calling IB, who told me to close out both market depth window and BookTrader, reopen BookTrader, then reopen market depth. That would seem to clear up the problem. However, you had to open the market depth window and the BookTrader up fresh each session.
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That is indeed the "recovery by hand" procedure. And the way ButtonTrader does this automatically for you (as, since 2004, ButtonTrader has a built in MD-corruption-monitor, and auto-re-requester). But if market keeps volatile, or there is some other persistence distortion, you will need to repeat that procedure repeatably for hours (which is crap…).

I really hope that one day, IB sees the light, and solves this structurally, as MarketDepth isn’t a traders toy anymore (as it was in 2003) but an essential part of his trading style.

Hope it helps
Hoi
 
Hoi ... (or anyone else)

Do you know whether or not the order matching engine for
YM still operates on the same server as before the merger??
 
Quote from rcj:

Hoi ... (or anyone else)

Do you know whether or not the order matching engine for
YM still operates on the same server as before the merger??
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Don't know...
 
I would like to gather all information/complaints related to book trader/market depth to make sure we have addressed every single one of them.

Please send PM to me or to DAV with short summary of the issue. I will also follow up on each issue reported in this thread so far (no need to resend).

Thank you in advance for your assistance,
- Dennis, IB dev
 
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