IB will freeze my account if modification/execution ratio >50

Quote from stevenw:


be smart, as a customer, you should always support ourselves, in case you yourselve have some problem with IB later on.

Remove the modification/execution ratio will not do you any harm, but give great advantage to other customers who already post their reasons.

Don't be stupid. help and support customers ourselves!
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If IB are doing this, then its not for fun or to piss off customers.

Its to keep costs down for all customers.

The exchanges in the past have wanted to penalise firms that have a high cancel/modify ratio. $1000 per instrument per day was what CME wanted to charge IB. And IB was going to pass this on to its customers.. But CME changed its mind i think. Doesnt mean they wont try it again...
 
sorry. the previous post should address to trader07.

IB inform me through web ticket. I ask IB where is the rule and they have not get back to me. if anyone know it in customer agreement, please post it.

I do not think there is such rule and IB just impose any new rule as they want, which really worried me. It is especially important that we customer should united and support each other.

I guess that
ratio = number of (submit+modified+canceled)/number of executived.

Globex used to impose message policy to restrict number of change. NOW THEY GIVE THAT UP BECAUSE PEOPLE JUST WILL NOT TRADE! I do not know why IB do the opposite!

be smart! IB! as I said IB can be easily upgrade software and hardware, but it is difficult to keep customer and encourage them to trade!

IB is a public company now. IB board and stock holder should aware of this, anything decrease revenue thus profit, should not be carried out!
 
Quote from stevenw:


IB is a public company now. IB board and stock holder should aware of this, anything decrease revenue thus profit, should not be carried out!
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But you are missing the point. Your excessive modification of orders is causing IB's profits to decrease due to extra costs.
 
A ratio of 50/1 is very liberal and should be more than adequate for a trader not trying to spoof the two sided market action. Order entry should be for those wanting to enter an order to trade and not for the purpose of trying to only influence the movement of the price. For sure this rule will not effect my trading.
 
50 to 1 is not enough for real traders. If you dont know why, then you dont understand which methods require a ratio larger than this. I left IB years ago because of this bullshit.
 
Quote from traderdragon2:

50 to 1 is not enough for real traders. If you dont know why, then you dont understand which methods require a ratio larger than this. I left IB years ago because of this bullshit.
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Agree! Can you tell me which company you are with now?

Those people do not even know which trading methods other traders use cannot say ratio 50 is enough.

It will not help traders like me who need ratio >50.

it will not help you. cutting down ratio will not help your trading--smart people will always adjust their order according to market condition.

Will you suggest Starbucks or McDonald to close stores so that they can save cost?

More order submitted, midfield, more chance the orders got filled. more revenues, more profit. it is win win for IB and customer. only the loser hope other people never change their orders so that they can take advantage of. are you dreaming? market is always change and so should you. Freedom to modify order is one way to adjust the market.

please support it and do not take away the only few advantages/freedoms from yourselve. probably you do not need ratio>50 now, maybe one day you need it and then it is too late--more and more restrictions will imposed on you.

if you support more restrictions from IB, I suggest you shut up--IB is already doing it. your supporting of it will not do anyone any good-- you are wasting your time.

please do provide solutions not restrictions.
 
My ratio is 60 today and IB will still freeze my account if ratio>50.

I have to stop trading tomorrow and neither IB will make any money.

can anyone suggest another company using API ? thanks.
 
50-1 seems pretty liberal .

1) Execute a small trade once in a while to keep under the limit.

2) Modify your arb program.
 
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