Message to IB: SGX Nikkei futures commission structure

wwx · Apr 17, 2007

Quote from MidKnight:

Many moons ago, IB posted here on ET saying that the comms structure for their JPY products was 'on the agenda' to be changed. It still hasn't been changed. Like kiwi says, better to stay on bundled comms. Unbundled comms will cost you a lot more. Even the bundled comms though are out of line with other product offerings at IB.

Any chance of revising IB's current SGX Nikkei futures commission structure?

bundled 300 JPY
unbundled 411 JPY (!?)

Thanks for your attention.

MidKnight · Apr 18, 2007

It should be noted that all JPY products need review. Like, I said before...IB said it was on the agenda, but when that happens, I don't know. Hopefully soon!

Best regards,
MK

MidKnight · Apr 22, 2007

Would an IB rep (def, steve?) please be so kind as to update us on this? It was over 1 year ago that def said on ET it was on the agenda to be changed for all JPY products.

Thanks in advance IB.

Best regards,
MK

trader225 · Apr 22, 2007

Another thing: SGXNK should be fungible with the CME contract.

MidKnight · Apr 23, 2007

Unbundled Aussie SPI futures also seem outta line comparing bundled vs. unbundled.

Kind regards,
MK

joesan · Apr 23, 2007

maybe there is a simple solution: open two IB accounts, one for unbundled rates, one for bundled rate product like SGXNK

Trader_Herry · May 3, 2007

It is really crazy. JPY-based products like NIKKEI 225 charged such a weird commission plan. I don't understand why it takes sooooo long for them to fix that. What they need to do is to change the parameters. It should be very easy.

Why do they need to maintain such an unfair plan? This only makes customers mad. :mad:

Does anyone try to raise a ticket or a feature poll about this? I would vote for it if any.

wwx · May 17, 2007

Hi all

I've submitted a features poll request to rationalize IB's current SGX JPY-denominated product commission structure. If you've an interest in these products, please vote.

http://www.interactivebrokers.com/en/general/poll/poll.php?ib_entity=llc

ID #2596
Title: Rationalize SGX JPY product commission structure
Submitted by: wwtrader

The poll can be quickly located by searching for the contributor wwtrader.

Thanks.

nove · May 17, 2007

Quote from Trader_Herry:

Why do they need to maintain such an unfair plan? This only makes customers mad.

It is not "unfair." It may be annoying but it is not unfair - you have the choice.

Trader_Herry · May 18, 2007

Quote from nove:

It is not "unfair." It may be annoying but it is not unfair - you have the choice.

It is an "all-these-or-those" choice. Choose either unbundled or bundled plan as a whole. You can't pick either bundled or unbundled plan per product. If it were available, it would be fair.

Now we need two accounts just to get rid of them. How stupid it is.
I'm wondering why no IB staff dares to explain such non-sense would occur in the commission plan.