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What are you ER2 fellows doing...
- Thread starter Shraga18
- Start date
Mark,
I believe that you are confused on how our subscriptions are set up.
You are most likely subscribed to the US Commodities Bundle which does not include ICE data. If you review our market data offerings on our website or through your account management you will see there is a specific subscription available for ICE (and legacy NYBOT) data.
Our website shows an administrative fee of 1 GBP but this is not actually charged to your account if you are qualified to trade futures on the ICE.
http://institutions.interactivebrokers.com/en/accounts/fees/marketData.php?ib_entity=inst
You are also more than welcome to email marketdata@interactivebrokers.com should you ever have any questions regarding our market data offerings.
Thanks,
Jeanette
I believe that you are confused on how our subscriptions are set up.
You are most likely subscribed to the US Commodities Bundle which does not include ICE data. If you review our market data offerings on our website or through your account management you will see there is a specific subscription available for ICE (and legacy NYBOT) data.
Our website shows an administrative fee of 1 GBP but this is not actually charged to your account if you are qualified to trade futures on the ICE.
http://institutions.interactivebrokers.com/en/accounts/fees/marketData.php?ib_entity=inst
You are also more than welcome to email marketdata@interactivebrokers.com should you ever have any questions regarding our market data offerings.
Thanks,
Jeanette
Quote from raymack1999:
In response to Shraga18, I am the head of sales for ICE US products. Our goal is to have a smooth transition to the ICE for all Russell traders. we are available to help any way we can.
Ray McKenzie
Vice President at ICE
Executive Director at Morgan Stanley
Director, CRM Electronic Trading at Chicago Mercantile Exchange
Managing Partner at Cambridge Technology Partners
Owner at Zero Hour Records
Managing Director at Morgan Stanley
FX Trader at J. Aron/Goldman
Education New York University
DePaul University
elk grove high school
Ray also plays lead guitar/back up vocals. In high school played in a band called the Forest
You can see Ray on
Thursday, Aug. 21
11:30 to 1:30
CB Richard Ellis
Quaker Plaza
555 West Monroe
Rooftop Deck
Attachments
JPasciolla,
Thank you for the clarification. Since my only source of info on this was indeed the subscription page, I had no way of coming to the conclusion that people wouldn't be charged a fee which is clearly stated on your site. Not quite "confusion" on my part, but lack of presented information.
Mark
Thank you for the clarification. Since my only source of info on this was indeed the subscription page, I had no way of coming to the conclusion that people wouldn't be charged a fee which is clearly stated on your site. Not quite "confusion" on my part, but lack of presented information.
Mark
Quote from JPasciolla:
Mark,
I believe that you are confused on how our subscriptions are set up.
You are most likely subscribed to the US Commodities Bundle which does not include ICE data. If you review our market data offerings on our website or through your account management you will see there is a specific subscription available for ICE (and legacy NYBOT) data.
Our website shows an administrative fee of 1 GBP but this is not actually charged to your account if you are qualified to trade futures on the ICE.
http://institutions.interactivebrokers.com/en/accounts/fees/marketData.php?ib_entity=inst
You are also more than welcome to email marketdata@interactivebrokers.com should you ever have any questions regarding our market data offerings.
Thanks,
Jeanette
I certainly am confused. What does "qualified to trade futures on the ICE" mean?
I trade ES, does that make me "qualified to trade futures on the ICE".
My understanding of IB market data subscriptions is that you have to pay the stated fee for each subscription. If there is some other policy then please clearly state it on the IB website.
I will have the administrative fee removed to reduce confusion.
In order to be qualified your IB account must be permissioned to trade ICE futures which means you must select the US futures trading permissions in account management.
Since you currently trade the ES futures on GLOBEX it is the case that you already have ICE Future US access as we group all US futures into the US futures selection in the trading permissions page.
If you did not have a qualified account for futures trading you would not be able to receive the market data as you would not be able to effect a trade on the exchange. We do not provide market data in this case if you can not acutally trade based on the data you are viewing. We do not offer a view only subscription.
In order to be qualified your IB account must be permissioned to trade ICE futures which means you must select the US futures trading permissions in account management.
Since you currently trade the ES futures on GLOBEX it is the case that you already have ICE Future US access as we group all US futures into the US futures selection in the trading permissions page.
If you did not have a qualified account for futures trading you would not be able to receive the market data as you would not be able to effect a trade on the exchange. We do not provide market data in this case if you can not acutally trade based on the data you are viewing. We do not offer a view only subscription.
Wow,
So a fee is listed, but you're not charged the fee if you're qualified to trade futures. And you can't get the data if you're not qualified.
That's pretty circular. Given those criteria there would be no situation where you'd actually charge the fee! So then why list it in the first place?
I think I saw an old Star Trek where Captain Kirk destroyed a robot by forcing it to think that problem through.
Not a bad idea to just remove the listing for the fee then, to avoid confusion indeed.
Again it's not the matter of the couple of bucks, it's just misinformation.
Mark
So a fee is listed, but you're not charged the fee if you're qualified to trade futures. And you can't get the data if you're not qualified.
That's pretty circular. Given those criteria there would be no situation where you'd actually charge the fee! So then why list it in the first place?
I think I saw an old Star Trek where Captain Kirk destroyed a robot by forcing it to think that problem through.
Not a bad idea to just remove the listing for the fee then, to avoid confusion indeed.
Again it's not the matter of the couple of bucks, it's just misinformation.
Mark