Is IB good to futures scalping?

S

shelupinin

Hi guys !

Please, advice me about IB speed of execution. I'm going to open an account @ IB and going to scalp most liquid futures manually through their desctop application, as far as I know it has name TWS.
What is the speed of order execution at IB?
How much time pass since I push buy/sell button, how fast order is executed?
I hope it's within 1 sec, right?


thanks
Alex
 
Quote from shelupinin:

Hi guys !

Please, advice me about IB speed of execution. I'm going to open an account @ IB and going to scalp most liquid futures manually through their desctop application, as far as I know it has name TWS.
What is the speed of order execution at IB?
How much time pass since I push buy/sell button, how fast order is executed?
I hope it's within 1 sec, right?


thanks
Alex
More...

Alex ... Use www.mktgw1.ibllc.com to test latency.
Mine is 70ms from Houston area.
 
Quote from rcj:

Alex ... Use www.mktgw1.ibllc.com to test latency.
Mine is 70ms from Houston area.
More...
I've tried to reach www.mktgw1.ibllc.com from 2 different internet connections and both times this url was unreachable...
how it corrleate to IB speed of execution?
I feel that this url will show me "internet delay time", not an IB spped of execution ...
Could someone advice me what is a real speed of execution, I mean if I push buy/sell button, how fast I have order executed?
Hope it within 1 sec, right?

thanks for any reply

Alex
 
I'm having a hard time getting anything done with IB. Their business model seems to be they'll let you know what they want you to do. Customer service at IB means how can the customer service IB.
 
Quote from shelupinin:

I've tried to reach www.mktgw1.ibllc.com from 2 different internet connections and both times this url was unreachable...
how it corrleate to IB speed of execution?
I feel that this url will show me "internet delay time", not an IB spped of execution ...
Could someone advice me what is a real speed of execution, I mean if I push buy/sell button, how fast I have order executed?
Hope it within 1 sec, right?

thanks for any reply

Alex
More...


This is not ib's fault


IT IS NOT A WEB SITE ... so it doesn't start www

Try

mktgw1.ibllc.com



IBs servers are fast enough (very fast). The issue you will have is the internet delay but even from the other side of the work its only a couple of hundred milliseconds so unless you think you can react in the 10s of milliseconds it won't make a difference.

If you use stop limits so that the order is placed by IB's server on the exchange server (check the native orders) then there can be zero delay if you plan your scalps.
 
Quote from kiwi_trader:

This is not ib's fault


IT IS NOT A WEB SITE ... so it doesn't start www

Try

mktgw1.ibllc.com
More...
mktgw1.ibllc.com - does not work from russian and finland internet connectin :(
 
Will you be off the US server or the European one? Find out from IB and ask them for the IP address ... but lets be real ... your only problem will be if you have a slow internet connection.

Try pinging www.cisco.com or www.ibm.com to get an idea of your round trip delay to the USA. IB's will be very similar.
 
Quote from atr05:

I'm having a hard time getting anything done with IB. Their business model seems to be they'll let you know what they want you to do. Customer service at IB means how can the customer service IB.
More...

I hope that customer service is not the most important thing for me in IB, what I need from them is to execute my arder after "button push" as soon as possible... so, what is the time to get my order be filled after I push buy/sell button?


thanks for any reply

Alex
 
Quote from shelupinin:

mktgw1.ibllc.com - does not work from russian and finland internet connectin :(
More...

It sounds as though you are using the address bar. As Kiwi
said this is not an address.
If you are using XP, Start>accessories>command prompt.
Type, ping, then add 1 space. then type, mktgw1.ibllc.com >
enter.

But even if you can't do a ping, don't worry. IB's speed is as fast
as any. Your order should reach the exchange in under the
1 second you desire.
 
Quote from learner2007:

It sounds as though you are using the address bar. As Kiwi
said this is not an address.
If you are using XP, Start>accessories>command prompt.
Type, ping, then add 1 space. then type, mktgw1.ibllc.com >
enter.

But even if you can't do a ping, don't worry. IB's speed is as fast
as any. Your order should reach the exchange in under the
1 second you desire.
More...

kiwi and learner, thanks for reply... I definetely understand that Internet connection is a "bottle neck" , I have an IT background and 100% understand what you are talking about... what I asked is an IB speed, not an Internet speed...
so as far as I understand, IB speed not worse than any other "direct access" broker like open E cry and other, right?
and it's within 1 sec, right?
 
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