Interactive Brokers or Lightspeed?

GetBusyLiving · Nov 21, 2009

Which platform EXECUTES trades faster in your opinion?

Going to use one or the other. Any input is appreciated.

hoodooman · Nov 21, 2009

Good thread. Hope you get lots of replies.

TraderSU · Nov 21, 2009

Quote from hoodooman:

Good thread. Hope you get lots of replies.

Trades are executed on exchange not in brokers office. So if you put 2 separates order on same ECN, you will be in same pool.

BTW, what is your exact question?

hoodooman · Nov 21, 2009

TSU which one do you use?

mike007 · Nov 21, 2009

Lightspeed was and still is the fastest platform I have ever traded on. Their data and simplistic platform allow for super fast quoting.

cstfx · Nov 21, 2009

Lightspeed, simply for ease of use for most people.

MohdSalleh · Nov 21, 2009

it depends, if you are a position trader, a retiree investor or even intraday position trading, just use IB.

however, if you are a scalper like me and hold positions typically from 30seconds to 2 mins tops, you should use lightspeed.

GetBusyLiving · Nov 21, 2009

Thanks for the info guys. I am a scalper and I will give lightspeed a try. Just curious, does lightspeed offer any type of debit card service like Fidelity does?

cstfx · Nov 21, 2009

No. Neither does IB.

TraderSU · Nov 21, 2009

Quote from hoodooman:

TSU which one do you use?

98% of my orders are LIMIT buy and sell; and I use IB. Chart at IB sucks, so I use ninja for charting.

I use IB chart strictly for options and spreads. Ninja sucks there...