Use Das Trader to trade Interactive Brokers account

[tonyzhou]

Anyone use das trader to trader interactive brokers account? Where is the data feed coming from and where the orders are routed? From DAS trader side or Interactive Brokers side?

 

[1245]

I don't know anything about DAS Trader. IB requires all trading software to go though their order router unless your account is over $1M.

 

[tonyzhou]

http://dastrader.com/ib-subscribe.php
http://www.dastrader.com/subscribe_IB-new2.php
https://twitter.com/DASTraderKaren/status/412723992613888000

 

[just21]

I don't know anything about DAS Trader. IB requires all trading software to go though their order router unless your account is over $1M.

So what software can you use with IB if you have >$1m?

 

[1245]

It's not the software, it's doing trades away from there risk system for pretrade checks. There are many platforms approved by IB for connecting to their order router. When you do that, they don't care what you trade on. If you use someone elses routing, the trade is done away from IB and they can only check margin and risk after the trade. For those solutions, they require $1M or more. They call it IBPrime.

 

[tonyzhou]

Reply from Matthew @ DASTrader: Market data and software on DAS inc side. IB is has (routes) and commissions.