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RIP Thinkorswim
- Thread starter Eliot Hosewater
- Start date
Quote from ofinance:
They bought TOS in 2009 and they are still in the process of registering as an FCM? i don't think it takes 2 year to register, especially not for a big broker like TD.
TDAT was telling me 2 years ago that they were working on becoming a FCM. Fast forward to now, it seems if TDAT is expecting to be a FCM in the near future they would have waited on the integration of TOS until after becoming a FCM.
Quote from jayre:
Quote from Catoosa:
Do you use margin with IB? Do you have open positions when you leave the computer? If yes, your $4 savings in commisions might be picking up nickels in front of a bulldozer.
The most significant risk are the actions of our US Federal Government Representatives. Day and night they are destroying our wealth.
Quote from trader345:
MB trading used to have $1 per 100 shares stock trading but I think they replaced that with 4.95 min. Is there any place without a min. charge for stock trades?
I recall another thread regarding per share commission, and Lightspeed and Speedtrader were mentioned as alternatives to flat rate commissions, however I believe Lightspeed has a $1 minimum, but Speedtrader does not.
Hope that helps.
Quote from Catoosa:
I think TDAT does value and want the business of futures traders. It is taking TDAT longer to become a futures clearing merchant than TDAT had originally thought. I expect TDAT to eventually become a FCM and no longer need the services of Penson GHCO for futures clearing.
TOS is the only broker I've found that gives you futures data without charge, even if one doesn't trade futures but still wants the data, so hopefully you're right and TDAT will keep offering the data even to its equity and options customers.
I talked to Scott about them wanting to keep futures traders or not, and they are unequivocally interested in keeping them and getting new ones. Well that is a nice idea, but if they continue to put out quotes that are behind and overreact with their very high margins then it will be hard to get anyone. The problem is that IB and TOS donât really have any competition, if they did they would both be better. What other firms give you one platform to trade everything?
confirmed with a TD rep today, the servers that host TOS's data feed will remain the same.Quote from loufah:
I hope they're not going to switch to TDA's quote feed. Too often, it provides quotes delayed by seconds or minutes, and sometimes the quotes just stop coming.
I use the platform to scalp for ticks and it hasn't interfered with my trading. Although I'm aware the data feed lags .5 to 1.5 seconds.Quote from rickf:
I think if you don't need tick-by-tick entries on futs (ie swing trading) you could be fine at TDOS / TDA / whatever. However, if you're scalping for ticks or in-and-out gunning for 2 /ES points with tight stops, it's prolly not the platform you want.
Download a copy of Ninja and put in Zenfire or CQG â you can get a trial for free from Amp or Dorman â then put up the time and sales window for the /ES from TOS next to Ninja. Just watch what happens during a few big, fast, high volume moves. I think you may reconsider scalping when you see that your quote can be quite far off sometimes.Quote from pcp198:
confirmed with a TD rep today, the servers that host TOS's data feed will remain the same.
I use the platform to scalp for ticks and it hasn't interfered with my trading. Although I'm aware the data feed lags .5 to 1.5 seconds.
I know TOS will never have true tick data, but how far they fall behind during busy times is not acceptable and I am hoping they address it someday.