What are you ER2 fellows doing...

[JPasciolla]

I dont disagree which is why it will be removed.

From an operational standpoing Account Management will tell you that you need to have futures permissions in order to subscribe to the InterContinental Exchange/Legacy NYBOT product when you select the market data permission.

 

[MarkB]

Thank you, and I didn't mean to come across as snippy. It was just amusing to me since you had originally called me confused, when the source of my confusion is obvious.



Mark

 

[jeb9999]

Quote from JPasciolla:

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.

Thank you for saying that the ICE/NYBOT market data fee will be removed. Are there any other market data fees that aren't actually charged to qualified accounts?

Now could you please talk to IB management and ask them when they are going to lower their rather high futures commissions to at least match their competitors. Beating the competitors with even lower futures commissions would be even better.

 

[Yiasou]

Ray,

There are postings on this thread that claim ICE systems have had numerous failures.

Please respond with specifics.

Thanks,

George

 

[o10maximus]

Good article.

A lot want to see this succeed, hopefully they don't f...it up.
I still question ICE's platform vs Globex

 

[jeb9999]

Quote from JPasciolla:

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.

It is now the end of August and the IB data fees page for "North America" still shows "InterContinental Exchange and New York Board of Trade United States GBP 1.00 ".

Is this going to be removed from IB's list of data fees or not? Please have the IB website updated with the correct information.

 

[BoyBrutus]

Quote from bighog:

ICE is not an exchange, ice is a electronic marketplace. They are copy cats at best. Notice i did not say they are a redneck wannabe pretend to be exchange.

Ask yourself this question. What have they done down in HOTlanta besides copy cat or outbid someonme for the right to use someone elses product? They are NOTHING.

Trade there at your own risk. Personally i say screw em.

Do you get a chill when their system goes down? they always crash <a href="http://www.sweetim.com/s.asp?im=gen&ref=11" target="_blank"><img src="http://content.sweetim.com/sim/cpie/emoticons/00020079.gif" border=0 ></a>

Competition is good for the marketplace. Why have commissions after consistently coming down, not changed the last few years, even as volume has exponentially increased?


CME and CBOT Complete Merger Creating the Leading Global Financial ...


You got some CME shares Bighog, any other interest in these exchanges you need to disclose?


http://files.shareholder.com/downlo...4-d54a79d5daed/CME_News_2007_7_12_General.pdf

 

[oneaztrader]

Yes, this transition is already confusing. Just a few comments:

1) It took research and time to understand that ICE was on NYBOT.
2) IB still has a $1 charge for ICE and you must still sign up. I did today just to see what the steps were. No big deal but still had to work through it.
3) When you do sign up, there is no mention of ICE, only NYBOT so if you're new to this exchange, it's confusing that ICE does not appear anywhere.
4) Globex has been rock solid. I like that ICE is competing and hope they do REALLY well but it will have to prove itself with reliability, volume, speed and stable price movements.
5) Thanks for this thread... it's been very helpful

 

[jeb9999]

Quote from jeb9999:

It is now the end of August and the IB data fees page for "North America" still shows "InterContinental Exchange and New York Board of Trade United States GBP 1.00 ".

Is this going to be removed from IB's list of data fees or not? Please have the IB website updated with the correct information.

Great. IB has updated the IB data fees page for "North America" "InterContinental Exchange and New York Board of Trade United States" from "GBP 1.00" to "USD 1.00".

Why doesn't IB just get rid of a silly $1.00 fee? Who in IB management gets paid the big bucks to charge a silly $1.00 fee to IB customers?

 

[rawfist]

The new mini DAX coming out October 1st looks tasty, might pick up a few of the ER2 lads