Really IB....really? Now you're just throwing branding and marketing at us...even your "pro" users?

El_Cubano said:
No point in going back if this is a useless tweak they plan to keep and roll out to everyone.
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Judging by how they set up a new offshore company, to (attempt) monetize data and separate it from the IB branding, I would guess it is here to stay.
 
damoonrulz1 said:
Judging by how they set up a new offshore company, to (attempt) monetize data and separate it from the IB branding, I would guess it is here to stay.
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Yeah...Just irritating the whole marketing at your customers something that doesn't matter to them and worse it worsens/downgrades their experience with your software.
 
Makes me wonder if this is because Peterffy is retiring and the new people taking over have no clue what the existing customers actually value. I only hope someone at IB realizes how dumb this decision was.
 
ktm said:
I heard another broker was eliminating commissions today - at least on certain products. I wonder if IB is having these discussions given the current trend. I also wonder if they are losing accounts to the folks that have dropped commissions. Even though commissions tend to be a smaller percentage of total revenue for most, I would expect them to try and make it up by selling pieces of the screen or finding other ways to monetize the attention of the captive trader via the interface.
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even if the dont lose accounts , they will lose trading biz
 
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Maverick2608 said:
This actually seems to be the route Tradestation has chosen:
"Only available to U.S. residents. Commission-free equities trading applies to equities trades placed on TradeStation Mobile App or TradeStation Web Trading of up to 10,000 shares; for each order of more than 10,000 shares, a $0.001 per-share charge will be assessed on the number of shares in excess of 10,000. Direct-routed equity orders will be charged an additional $0.005 per share."
https://www.tradestation.com/promo/tsgo/

As stated only on their web and mobile platforms. But maybe that's because their platform is IB's TWS? Have never used them so I don't know. And again, only for US residents.
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IB needs to have this for pro users. No question. smart (pfof) for free, and pay for direct routing. Im not paying them $10 to trade 1000 shares and get the same fill i can get for free.
 
How do IB's short interest charges compare against other brokers (consider stocks that are not hard to borrow)? I am always short some stock or ETF on something. I know that IB charges what I consider a small amount for short stock interest, but I think they pay interest on the cash collateral received from shorting a stock. It's explained here:

https://ibkr.info/article/41

TD doesn't really pay much for cash sweep and I don't know if they pay interest for the cash generated from shorting stock.
 
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I received an email from IB today in which they confirm that GFIS is an affiliated company. The email talks about market data subscriptions, partially quoted below:
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In order to streamline this process, Interactive Brokers:
  1. has assigned all of its rights and obligations to third-party data providers, including its role as vendor of record, to an affiliated company named Global Financial Information Services GmbH ("GFIS"); and
  2. is requiring all of its clients who are third-party data subscribers to enter into a new "universal" subscriber agreement with GFIS, which will replace all prior data subscription agreements and eliminate the need to enter into additional agreements when new data subscriptions are added in the future.
You will be receiving ...
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