IB new forex spreads

So why am I getting this message?

Like I said, it was working earlier today. No problems. Then I logged off. When I tried logging back on, I got this message and am still getting it.
 

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Quote from Turhovach:

So why am I getting this message?

Like I said, it was working earlier today. No problems. Then I logged off. When I tried logging back on, I got this message and am still getting it.
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That's the Beta webtrader, not the TWS. Select TWS from the Login dropdown. There's no TWS Beta today as this is now now the production version.
 
Quote from Bitstream:

ideal pro now available to everyone...at least on the web trader. that's right, u can trade fx spot now.
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You could trade spot on Webtrader for a long time now. What's new is that they added Stop Limit.

But they still call it "cash" instead of forex.

However, are you talking about a new beta version of webtrader?
 
Quote from J-Trade:

... bump....
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After the browser version runs smoothly for a few days the stand alone is released. Right now 865 will launch if you login to TWS via the website.

new features:
FX Trader
New Hotkeys
Merger Arbitrage window
Adjust Position and Average Cost for Forex positions
Instantaneously Transmit "Close Position" orders
Highlight Multiple Price Milestones in charts
Nymex and Ecbot Stop Orders Can Now Trigger Outside RTH
 
Thanks for the quick response, def - I have been aware that the web version has been available since Monday, but I only use the standalone.

Any web version users care to comment on why they prefer web to standalone ? Everyone I know uses standalone as that allows the use of DOM-based software (ZLT, BT, Ninja etc etc) & in the past was considered by many as more reliable.

J.
 
We will be releasing some new order routing algorithms in the next few days intended to better integrate the small order facility (IDEAL) and the main trading platform (IDEALPRO).
  • Large Order Routing Protection: orders submitted for more than the minimum order size (currently ~25K USD) will be automatically routed to the bank market, even if they are accidentally entered into IDEAL. This is intended to provide better fills for clients who erringly enter larger orders into the less liquid small order book. There are limitations to this added protection (for example, KRW is not available in the interbank market) but it should eliminate most pricing problems and mistrades.
  • Residuals: residual small orders will still be executable on the interbank market. Example: client A submits buy order for 40K USD.CHF. Client B submits sell order for 50K, executed against the resting 40K bid, but leaves a 10K residual. Previously, this residual would not be sent to the banks because it would be less than the 25K minimum. Under the new algorithm, the 10K will be executable on the interbank quotes, even if the price is changed. If the size is changed, however, it will be deemed to be a new order and will be subject to the minimum order size restriction.
  • Merging IDEAL/IDEALPRO: you can enter small orders directly into the IDEALPRO quoteline. When you hit submit, you will get a warning message that the order is too small for the interbank market but it can be accepted anyway. If accepted, these small orders will actually get routed to the IDEAL small order facility. The point of this new feature is to merge the forex access to a single order entry point via IDEALPRO.
  • Improved IDEAL (small order) liquidity: there will be an imputed small order quote 1 pip outside the interbank BBO. Small orders will execute against these prices to ensure that small orders get reasonable fills. This feature combines with the previous one to produce a seamless facility. Small orders get treated like odd-lots and get a slightly worse fill but the maximum additional cost is roughly $2.50 and small orders are infrequent as they are for balance flattening or conversion (as opposed to trading).
The exact timing of the various features is imprecise but they will be integrated over the next 1+ weeks.
Next on the FX list:
  • additional liquidity providers (banks)
  • possibility to trade larger sizes per order
  • additional currencies (ILS, SGD, NZD, NOK, DKK, MXN)
  • margin methods
 
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