Very well done, Interactive Brokers !

Quote from aPismoClam:

I tooled up a market-making application on their API last year and watched how some bot internally screwed with my markets (the quotes weren't shown to the public, as it was a "Trading Olympiad") in order to force unwanted fills.
Could you explain this a bit?

Jack
 
I didn't know a turd could type.
turd-polish.gif


Quote from aPismoClam:

IB apparently has their marketing angle covered by employing shills to beat their tom-toms on trading message boards.

From the moment I first encountered those morons years ago until this very day I still say they're a whorehouse.

I tooled up a market-making application on their API last year and watched how some bot internally screwed with my markets (the quotes weren't shown to the public, as it was a "Trading Olympiad") in order to force unwanted fills.

Not only are they paper thin and as frail as a potato chip, they're two-bit hustlers as well.
 
Quote from aeliodon:

I experienced NUMEROUS failures of stop market orders to execute using booktrader today.

Just out of curiosity, do you trade equities? I only trade futures, and never have any problems with booktrader and stops. The only time I have had problems with stops is trading after hours. I didn't have TWS setup to accept after hours stops. I blamed IB for this because someone should have told me I needed to do this, but it wasn't a weakness with the software or execution.

Just curious as IB has been great for me, and I've been with them for about a decade. Also, I only use the stand alone version and rarely upgrade.
 
Long as I've been around here, it never ceases to amaze me how some want to come on here and try to slam IB. Yet, they almost never say what firm is overall better to trade through. Give me a break! If you've got the time to slam IB, surely you have the extra few seconds to tell us who is better.
 
I love me some IB. Can't say about stocks but trading futures with Button Trader for the last 2 and a half years. Seen quite a few different markets. NEVER frozen, not a single execution error, excellent fills and speed, very secure, great conservative risk management.

The only thing they dont do is promise to make me money. Like the previous poster said. Don't like IB, move! And tell us who you moved to and why they were so much better.
 
Quote from BSAM:

Long as I've been around here, it never ceases to amaze me how some want to come on here and try to slam IB. Yet, they almost never say what firm is overall better to trade through. Give me a break! If you've got the time to slam IB, surely you have the extra few seconds to tell us who is better.

in these times of collapsing hedge funds and investment banks, stolen identities and Refcos...

it seems like a market dominating, large, ultraconservative, well-established broker, that lets you trade anything in your account and has stringent security would be highly favored.

But some prefer to wait until after a financial collapse, when they get notice that their 2-man broker, that got them slightly better prices, has now gone bankrupt, and your account will be locked for 6 months (or worse).
 
Quote from Jayford:

Just out of curiosity, do you trade equities? I only trade futures, and never have any problems with booktrader and stops. The only time I have had problems with stops is trading after hours. I didn't have TWS setup to accept after hours stops. I blamed IB for this because someone should have told me I needed to do this, but it wasn't a weakness with the software or execution.

Just curious as IB has been great for me, and I've been with them for about a decade. Also, I only use the stand alone version and rarely upgrade.

I trade futures. It happened to me twice, stop order executed as a market order.
 
Quote from Jayford:

Just out of curiosity, do you trade equities? I only trade futures, and never have any problems with booktrader and stops. The only time I have had problems with stops is trading after hours. I didn't have TWS setup to accept after hours stops. I blamed IB for this because someone should have told me I needed to do this, but it wasn't a weakness with the software or execution.

Just curious as IB has been great for me, and I've been with them for about a decade. Also, I only use the stand alone version and rarely upgrade.

Do you place your trades exclusively via TWS or do you use other trading platform like NinjaT to place your trades ?
Thanks,
 
Quote from Decel:
The best my ass.
I've been trading with IB for over a month.
This morning (6.20am) I had an execution go from out of nowhere. My computer wasn't even on (I was set up to go to work). Nothing margin related, as I had only 2 ES contracts on 20K+.
Now this evening I had a limit order set up, and *joy* 1 minute later it triggered when the ES was 5 points away from my target.
Both cases resulted in minor losses (roughly 100 bucks each), but WTH is up with their system??
Now I'm affraid to even set up orders...
with $20K ?
I wouldn't trade 2 contracts
I wouldn't hold anything overnight
I wouldn't trade outside of RTH
with only $20k, I wouldn't trade during this volatility, period.
 
Quote from Cesko:

I trade futures. It happened to me twice, stop order executed as a market order.

I should have said stop order away from the market executed immediatelly at the market.
 
Back
Top