IB new forex spreads
- Thread starter oktiri
- Start date
OK IB. I realize patience is something that all of us must exercise. I'm sure its been exercised by many of us for a very, very long time. Earlier, this was promised --
Quote from J-Trade:
IBj,
Can you please say when the above will be coming, especially the position-based view ?
Thanks,
J.
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* new interface: 1-2 weeks, maybe sooner in beta
* better position flattening: this is taking more time than planned. 1 month plus/minus but this may slip
* position based view: we rolled it out about 2 months ago and had to take it back because many non-FX traders panicked when they saw 'fx positions' in the account window. We are making an upgrade to allow fx positions to be configurably viewable or not, as preferred. Will announce this week and probably available next week.
ibj
When the heck are we going to see any signs of any of these enhancements that have been promised and promised and promised to us? When are we going to see the ability to have a real time update of our FX P&L? Lord have mercy, Buttontrader has had this feature for ages now.
C'mon folks! What in tarnation is going on here???
Quote from J-Trade:
IBj,
Can you please say when the above will be coming, especially the position-based view ?
Thanks,
J.
--------------------------------------------------------------------------------
* new interface: 1-2 weeks, maybe sooner in beta
* better position flattening: this is taking more time than planned. 1 month plus/minus but this may slip
* position based view: we rolled it out about 2 months ago and had to take it back because many non-FX traders panicked when they saw 'fx positions' in the account window. We are making an upgrade to allow fx positions to be configurably viewable or not, as preferred. Will announce this week and probably available next week.
ibj
When the heck are we going to see any signs of any of these enhancements that have been promised and promised and promised to us? When are we going to see the ability to have a real time update of our FX P&L? Lord have mercy, Buttontrader has had this feature for ages now.
C'mon folks! What in tarnation is going on here???
When you are worried about getting the latest neon and pastel polo's so that can pop a collar and drink wine spritzer at the country club this upcoming weekend in CT AND YOUR IPO, these things will take time!
Why doesn't IB recruit IT staff at just one of the dozens of MM buckets THAT HAVE HAD ALL OF THIS FOR DECADES? Because they really could not care less, actually "they don't give a @#%$" is a more accurate assessment. They really do not, otherwise they would have continually improved IDEAL Pro over a year ago. All of these changes promised or not are so @#%$ing basic it is laughable that they have not been implemented.
But they will collect commissions promptly...
Also, for your rocket quant IT staff:
When you are long, P/L should be marked based on the bid.
When you are short, P/L should be marked on the offer.
- But, I forgot already, you don't give a @#%$.
Why doesn't IB recruit IT staff at just one of the dozens of MM buckets THAT HAVE HAD ALL OF THIS FOR DECADES? Because they really could not care less, actually "they don't give a @#%$" is a more accurate assessment. They really do not, otherwise they would have continually improved IDEAL Pro over a year ago. All of these changes promised or not are so @#%$ing basic it is laughable that they have not been implemented.
But they will collect commissions promptly...
Also, for your rocket quant IT staff:
When you are long, P/L should be marked based on the bid.
When you are short, P/L should be marked on the offer.
- But, I forgot already, you don't give a @#%$.
There's a Beta TWS out now. Release notes are here:
http://www.interactivebrokers.com/en/software/releaseNotes/Betanotes.php
Here you will see the new FX Trader interface. You will also see how we will be displaying the PnL figures - although please note that these are not fully operational at the moment. Later, you will also be able to click into these and edit them if you wish as you will the account management window.
MH - Rome wasn't built in a day. There have been continual improvements throughout the trading platform over the last year and we have intoduced some very significant features in the EFP's and Penny Priced Option. Unfortunately, programming projects have to be prioritised.
The FXTrader will be continually improved. We will be working to improve the interface, order handling, currency pairs and bringing more liquidity to the platform.
(There's also plenty of opportunity to show us how easy this all is, or just join us for spritzers..:
http://www.interactivebrokers.com/en/general/about/careers.php?ib_entity=llc
Steve_IB - thx for your posts, I am very hard on your firm - make that extremely brash & hard, but it really is intended to get things moving = more money for IB by gaining market share.
The pace is too slow. Rome was not built in a day, but I don't think many current traders are too eager to wait a correlated amount in the financial world. Capital is deployed and at risk, seeking returns at this time...
The pace is too slow. Rome was not built in a day, but I don't think many current traders are too eager to wait a correlated amount in the financial world. Capital is deployed and at risk, seeking returns at this time...
To be precise, the contract based 'position', pnl, and Average Cost are fully implemented but are still in a roll-out phase. The features are functional but only about half of the clients are enabled. I expect the upgrade to be distributed to all clients by 4 December, perhaps 1 Dec.
So to take advantage of this feature, one would need to duplicate any IDEALPRO currencies with their IDEAL "brother" & execute accordingly ? But then exiting the trade could be disadvantageous by a larger amount, as the IDEALPRO spreads are generally much better ?
Forgive me if I am not correctly grasping this feature...
I would very much like to switch my Fx trading to my IB account.
J.