ib will kill all now with new rates

joeyata1 · Oct 25, 2005

correct if you take liquidity all day long is a hell of a deal. to get .002 requires aloyt of vol and ib's giving this deal to anyone. they're counting on people traidng nyse and adding liquidity were they get the rebate

tradinstox · Oct 25, 2005

To deff and IB, Ive been at IB trading for a number of years, have used other brokers in the past, but none are as good
as IB. Keep up the good work!

TGM · Oct 25, 2005

Are they dropping the rates for IdealPro?

if so what are they?

For anyone trading Forex or thining about it ---Ideal Pro's liquidity and depth is just sick.

chewbacca · Oct 25, 2005

Quote from joeyata1:

about time def i've been saying for a year ib's rates were way to high. now with the $1 min one has to be very careful with odd lot fills as they'll incur the $1 commission. i'd jsut advise people to do 200 share smart order markets

There you go. There's the catch. You 1000 share market or limit order will get filled:

123
157
186
91
45
22
343
123
49
57

exaggeration but you get the idea

ids · Oct 25, 2005

Such serial fill will be charged $5.

JackR · Oct 25, 2005

Quote from chewbacca:

There you go. There's the catch. You 1000 share market or limit order will get filled:

123
157
......
49
57

exaggeration but you get the idea

Chewbacca:

Are you an IB customer now? IB commission for the above, if entered as a single order, is (will be on 1 Nov) 1000 x .005 = $5.00. That's the way I've been debited on the existing .01 + .005 commission schedule. I often get partial fills from different exchanges/ICNs using SMART. IB is making themselves more competitive with this move so I really doubt that your assumption is correct.

Jack

joeyata1 · Oct 25, 2005

NO CHEWBECCA THATS JNOT WHAT I WAS SAYING. LETS SAY YOU DID 300 SHARES LIMIT GOT FILLED ON 100 AND CANCELLED THE REST. SINCE MIN IS $1 YOU GET CHARGED $1 FOR 100. MANY PROFESSIONAL FIRMS HAVE NO MIN'S

stock777 · Oct 25, 2005

anyone that is worried about the $1 on a partial is not a professional.

move on to more important matters.

hey, has anyone seen my caps key?

zdreg · Oct 25, 2005

Quote from Cluseau:

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.

what about your unbundled ecn fees?

GTC · Oct 25, 2005

Chewbacca,

If your 1000 share gets filled with multiple partial shares on the same day, I think IB charges you $7.5 ($5 from November, 2005) even if you change the limit price of your order in the middle of the serial partial fills!