Fully agree on the big picture. IB wont solve that. But at least things with IB go in the right direction.
This is definitely better than before, but with the "crippled" service I doubt anyone will actually ditch a 3rd party package to use even the improved IB charting since it doesn't really fix the pain points. They just went from comically unusable to useful only in a pinch.
Of course the underlying reason for high data/charting costs (which IB customers would have to pay to access a full-service package) is the rentier exchange oligopoly whereby private companies (NYSE, CME, ICE) are allowed to set up a toll booth, openly collude on pricing in full view of regulators, and charge everyone who merely wants to know what current prices are to the tune of 50%+ operating margins (among the highest of any listed companies in the world) under the guise of "free market capitalism" and while muttering some bullshit about innovation and Juneteenth.
This is definitely better than before, but with the "crippled" service I doubt anyone will actually ditch a 3rd party package to use even the improved IB charting since it doesn't really fix the pain points. They just went from comically unusable to useful only in a pinch.
Of course the underlying reason for high data/charting costs (which IB customers would have to pay to access a full-service package) is the rentier exchange oligopoly whereby private companies (NYSE, CME, ICE) are allowed to set up a toll booth, openly collude on pricing in full view of regulators, and charge everyone who merely wants to know what current prices are to the tune of 50%+ operating margins (among the highest of any listed companies in the world) under the guise of "free market capitalism" and while muttering some bullshit about innovation and Juneteenth.
