ib will kill all now with new rates

CPTrader · Oct 25, 2005

def,

any firm date for being able to trade the Kospi & the South African fuures via IB?

Aa per the excerpt below, can you share more detail: what new markets and when, what FX dealers and when, what real-time risk mgmt tools and when, etc??

Also why doesn't IB simulate MOO, MOC orders on futures. It seems MOO & MOC orders only work on US equities???

MANY THANKS for helping us here!

============

IB will soon announce:

-- The addition of new markets so that professionals can trade equities,
options, futures, forex and bonds in more destinations worldwide from
a single Universal account

-- Additional forex dealers to keep IB forex spreads the tightest in the
industry

-- Additional real-time risk management tools to assess portfolio risk
throughout the day

-- Enhancement to IB's smart-router to take advantage of rule changes in
the marketplace and always ensure best-execution

-- Additional charting and market scanner functionality

SWScapital · Oct 25, 2005

Quote from resinate:

Any change for option cancel fees?

I do believe that is exchange imposed....asking IB to do away with that is like asking a retailer to eat the sales tax on your purchase. Def correct me if i`m wrong.

TGM · Oct 25, 2005

I don't know but I have only been a customer for 6 months and the only real problem I have had ---is the one I have right now----only one level of depth for CME and CBOT!

lets get it fixed

joesan · Oct 25, 2005

Not bad, As I can pay half of my monthly daily bills with saved commisions. it's really a gift from IB. Competition is the best thing in capitalist world !

.002commission · Oct 25, 2005

.005 deal is a good deal to you ?

joesan · Oct 25, 2005

I trade HSI index futures contract , HKD18 per RT saved compared with past.

Boy Plunger · Oct 25, 2005

Quote from .002commission:

.005 deal is a good deal to you ?

Exactly. You'd have to pay me .005 to run TWS on my PC. I pay 0.002 but don't PM me about which broker.

But, it is a step in the right direction for IB eventhough it took forever.

crazy_trader · Oct 25, 2005

Hmm this new rate going to attract a lot more traders, wonder how IB servers are going to handle the new load...

Quote from joeyata1:

these rates are incredible and god help every other broker

bladerunner · Oct 25, 2005

this just confirm to me that the stk mkt rally is over.
so get ready for the mother bear.
she's here to stay for awhile.

alanm · Oct 25, 2005

Quote from .002commission:

.005 deal is a good deal to you ?

If you trade Naz and are a liquidity taker, it's a hell of a deal. $0.005 - $0.003 (ECN) - $0.0005 (half SEC fee for $25 stock) = $0.0015 commission. There aren't a lot of firms with commish that low, and you have to trade a ton of volume to get it.